Episode 26: 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.

 

If this resonated with you and you are done working hard but not seeing the financial results of your work, then I invite you to check out and register for the Money Magic course.

Click here to register/ sign up for the wait list for the Money Magic Course.

 

You can also download the free eBook here:  weathy-money.com/workbook