How I Managed To Pay and Settle Most of My Debts

2018 wasn’t all bad this year.

Managed to muscle out around 2/3 of my lingering debts.

Shit I had pestering me for more than 2 years.

I slayed those motherfuckers in under 12 months with the help of my muse.

So financially I turned out better this year than the previous ones.

My muse had already done what I wanted to do.

Mr. Robbins was right, success leaves clues.

He also said the fastest way to achieve is model success.

So I had a sit down with my muse and took notes.

She said it’s going to hard.

I took that lightly.

Sacrifices had to be made with me denying myself takeouts, new shoes, new clothes.

I even sold my fucken Playstation of all things to raise funds.

But looking back it was worth it…well I’m still moody about my PS but what’s done is done.

She said I must stick to my monthly payments until I was done, then to move over to the next until that is done.

Then to repeat the process until I was done with them.

But Musa being Musa decided to add some Robert Kiyosaki to the mix.

Something he wrote that stuck with me.

It wasn’t in his Rich Dad Poor Dad book. I think it was in his Cashflow Quadrant or was it that Rich Dad’s Guide to Investing one?

Cashflow-Quadrant-02

Anywoo, the old timer suggested sticking to your monthly payments on all your debts.

But he suggested adding R500 to the one with the highest interest and paying that one off until its settled.

He then said once settled, take the R500+ you were paying off the 1st fuckers with and add that to what you were already paying on your 2nd debt.

So I managed to call all my debtors and arranged on paying them R50 a month. They were outraged and tried to bully me into paying more.

Told them I’m making a commitment to pay them. Every month. And if they want more then they can go to hell but the amount they will be getting is the one I’m committing to.

I then hung up. And kept my word.

But more than that, I started paying them the 1st one more than they were expecting.

1st debt

R50 pm + R500 extra = R550 pm that will going towards the 1st account I owe.

Once settled I requested my settlement letter and moved on to the 2nd debt.

2nd debt

R50 that already being paid per month + R550 I used on 1st debtor now makes R600 pm.

This will go towards paying off the 2nd debt until its settled.

3rd debt

R50 already being paid per month + R600 I used on 2nd debtor = R650 pm.

R650 will now go towards settling debt number 3.

I then moved down the line until I killed off most of what I owed.

There was one account I disputed that was over 5 years old. It appeared they were collecting from me illegally.

I stopped paying for that shit too.

Just like that, another one bites the dust.

When it comes to debt you should know your rights.

So from 7 accounts I’m down to 2 now.

I get those out of the way then I can get out of the credit review I put myself in.

The same credit review that put on hold any credit application I apply for.

I manage my own debt repayments even when I originally requested the credit review guys to assist.

Not realizing doing that would cut me out of getting loans and opening new food/clothing accounts.

Be careful what you agree on over the phone my friend.

It was a whore of a year that’s for sure.

But at least I have something to sure for it.

And I’m grateful.

~ Musa

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