How to pay off R360,000 (US$23,253) Debt in 4 Months
In this week’s episode of the #MoneyMagic series, I sit down to chat with one of my private clients, Phumla Ngema about paying off all her debt in 4 months.
Phumla is South African, but she lives and works as a paramedic in Abu Dhabi, the UAE.
In this episode she shares how she started working at 17 and started supporting her family when she was making R250 (less than US$20) a month, because growing up she'd seen her mom support 30 people on her teacher’s salary, so she just followed in her mom’s footsteps.
She shares how she first suspected that her relationship with money was about more than just money and budgeting when she was working in the military and was paid R400,000 (US$25,800) lump sum for being stationed outside South Africa.
She tried to save the money but ended up using it all up, despite her best efforts. When this happened again to her when she got a R300,000 lumpsum, she realized there was more to money than what she thought.
She started following Instagram coaches and along the way bumped into the work I teach at Wealthy Money; she downloaded the free eBook and started doing the exercises, signed up for the Bank Account Challenge at the beginning of 2020 and in May 2020 became a private client.
In this interview she shares her journey to being debt-free and how she managed to pay off R360,000 in debt in the space of 4 months and how as she started to heal her own trauma she was able to set financial boundaries with her family and how that has led to incredible financial shifts for her siblings, cousins and her mom.
Her mom has even bought herself her own dream car, her brother and cousins got jobs, all within 4 months!
This is another awesome episode, that reminds us that when we heal our money trauma and change our approach to money within our family from a non-wounded space (because sometimes we do make changes but we do it from a wounded space that does more damage than good), everyone gets permission to expand.
Grab your cup of tea and your journal, click play on the video below and dig in, you are in for a treat.
Contact Phumla
Instagram: https://instagram.com/phumlapngema
IF THIS RESONATED WITH YOU & YOU FEEL READY TO CHANGE YOUR RELATIONSHIP WITH YOUR BANK ACCOUNT AND:
🌟 The process I used to change my spending habits so I could pay off US$60,000 (R700,000 at the time) in debt
🌟 Always know where your money is going
🌟 Save consistently with ease every month
🌟 Get your money right and produce tangible evidence of what you did with your money
🌟 Heal ancestral money trauma so you start feeling calm with money in your bank account and no longer fight yourself not to spend it
🌟 Work on your savings goal with a money tribe in a secret Facebook group, using the power of collective energy to reach your goals
I invite you to check out and sign up for my 5 Day #BankAccountChallenge course.
>>>CLICK HERE TO REGISTER FOR THE BANK ACCOUNT CHALLENGE<<<
We do the challenge live once a quarter. The next live round starts January 27th, 2021 - January 31st, 2021.
See you then 😍❤️
