How to Get Out of Debt with Efren Cruz (Episode 54)

Updated: December 11, 2021

Listen to Episode 54:

• on Spotify
• on Apple Podcasts
• on Google Podcasts

Episode Sponsor:

Flint PH
Invest in Philippine real estate for as low as P1,000. Sign up with Flint here and earn from the first, tech-enabled low-cost Philippine real estate crowdfunding platform. Flint is open to anyone at any time, even to those who are based outside the Philippines.

Podmetrics
Discover the easiest way to monetize your podcast with Podmetrics.co. Use 80PERCENT as referral code and get a FREE copy of an ebook entitled, “How to Make Money From Your Podcast Even If You Have Less Than 1,000 Listeners”.

Episode 54 Chapters:

• 01:24: CDRW
• 06:35: Why People Get Into Debt
• 11:11: Early Sign of a Debt Problem
• 14:20: Arlene’s Message
• 17:28: How Common are Debt Problems?
• 21:32: Can You Go to Jail?
• 26:12: Episode Break
• 28:18: Debt Settlement
• 33:46: Is It Ever Hopeless?
• 36:10: Enrich GOOD Program

Excerpts and Highlights:

People get into debt because of instant gratification. They focus on the benefits of buying the item they want and not the implications of borrowing money to buy the item.

Don’t avoid your creditors and debt collectors. Talk to them respectfully and ask for a discount to settle your debts.

The truth is, getting out of debt is going to take financial discipline. It will be difficult and it will be painful. But the good news is, that pain won’t last forever, and your sacrifices will be worth it.

To know more about the Enrich GOOD Program, send an SMS or Whatsapp to +639175050709

YouTube: The Parable of the Unmerciful Servant

Ask me a question for the podcast: Send a voice message here.

Like and Subscribe to The 80 Percent Podcast:

• on Spotify
• on Apple Podcasts
• on Google Podcasts