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EPISODE INFO

Plan

EPISODE 31 - Financial Independence (Nicola and Jason)

Nicola and Jason are self-confessed financial ostriches. Family handouts allowed them to keep their head in the sand about their $36,000 plus consumer debt. I gave them a plan to start them on the road to financial independence.

Alison's recommendations:

  • Track cash and cut expenses, from bank machine fees to the staggering costs of payday loan services
  • Pay down debt by tripling their current debt payments
  • Increase income, Jason to $2500 a month and Nicola to $1200.
  • Stop scattering energies over multiple business ideas and focus on making money.