This is not a repost of any books written about debt. This is my personal expert view based on my 33 years of existence in this journey called life and my experience in coaching core team members that are into bad debts.

This blog to serve as guide to online community members who are in distress always and wants to get out of bad debt.

1. First you have to identify if your "utang" if it is a good debt or a bad debt.

If it is a good debt you do not have to worry since your assets will repay for the debt. If it is a bad debt then you are in trouble. Bad debt means you "utang" to buy liabilities. To learn more about bad and good debts we encourage you to participate in our cashflow gatherings and wealth course seminars.

First step to change is awareness. Now that you are aware about your bad debts, list it down so that you can study on how to get out of them.

2. Identify which debt can wait and which are urgent.

After you listed down all your bad debts, identify which needs urgent attention and which one can wait for another year to be repaid. Now you have the total figures of your bad debts. Look at it and say "ang liit naman nito!"

3. Grow yourself.

Your income is proportionate to the problems you solve and value you add to others peoples life. - T Harv Eker.

Personal Growth = Income

Grow yourself so that your income will grow. Give yourself a time to grow your income by growing yourself on your capabilities to create businesses and opportunities. Say in one year your income must be twice your current debt. Say for example your total bad debt is 500,000 so you have to target in growing your income into one million pesos in a year. You need to get a business coach and a business mentor on how to earn that amount. You can find coaches and mentors in the Core Team of this Online Community.

A problem becomes a big problem because you see it as big because you see yourself as a small person. What if you see yourself as a big person say a level 8 person and you have a level 3 problem then that problem becomes a small problem. But if you are a level 1 person and you have a level 3 problem then that problem is a big problem!


4. Talk to your creditors.

Once it is clear with you the systems and strategies on how you will earn an income twice than your bad debt, you can confidently talk to your creditors and re commit your debt repayment schedule.

If you find trouble talking to people, our leadership dojo can teach you how to be a good communicator. Communication skills is one of the very important business skill.

5. Grow your income.

Because you have your commitments to your creditors now start growing your income by growing yourself in the businesses your coaches and mentors assigned to you. You really have to be super coachable if you want to hit your target annual income. Once you start earning your business income you can start repaying your bad debts.

You can never solve a problem with a mindset that created it. This means you can never repay this bad debts just being employed. You really have to undergo the process of transition from poor or middle class mindset to rich class mindset.


"Life is to precious to be wasted worrying" - Coach Ardz