This philosophy is in relation to the goals on our list at any given time.
Today we’ll pick our financial health goals.
Let’s pick debt to kick us off.
In terms of the low hanging fruit when it comes to debt, we were taught to pay off our smallest debts first – both to have a sense of actually making progress, and to build momentum to be moving in our chosen direction.
Another way of thinking of this approach is to make sure that the plug is in the plug hole rather than just filling the sink.
We knew our next step was going to be what one of our mentors shared with us, namely to ‘keep one eye on the expenses and the rest of our focus on being creative with cash flow’, to encourage a healthier financial supply. However, we decided to be addressing our debt alongside our cash flow focus, and I’m so pleased we did..
For Chris and I, we stuck with the guidance we’d been given and we were quite simply staggered at the results.
Yes, at the start what we were undertaking (which included our mortgage plus several more for our rental properties), felt overwhelming.
It almost felt like ‘who are we kidding?!’
However, it was powerful to be putting a line in the sand and taking our first steps. In fact it’s worth checking out this reference 1 for some really useful information.
Is this something you’ve come across before and even trialed for yourself?
‘Till I see you on this week’s #AlivewithFi – have a goodie!
Fi Jamieson-Folland D.O., I.N.H.C., is The LifeStyle Aligner. She’s an experienced practitioner since 1992 in Europe, Asia and New Zealand as a qualified Osteopath, Integrative Nutrition Health Coach, speaker, educator, writer, certified raw vegan gluten-free chef, and Health Brand Ambassador.
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¹Debt-reduction ideas – https://sorted.org.nz/guides/tackling-debt/how-to-get-out-of-debt-quickly/