Week 3 Debt Coaching Q & A - REPLAY

Asset Swapping

 

 

 

#1 Strategy from our Discussion during this session:

The concept of asset swapping for non-productive debt is novel for most. This strategy can be very powerful in accelerating your debt payoff plan. 

#2 Strategy from our Discussion during this session:

Generating income. If you do not have any non-productive assets to swap, the next best thing is to monetize your knowledge. 

Your natural zone of genius in a particular area can be monetized as your asset-swapping strategy. 

Sell what you know in a format that will best serve the people in your market. 
 

Your Assignment:

1. Use the WizeFi Asset Swapping spreadsheet to list all your assets:

  • Productive Assets
  • Non-Productive Assets
  • Limited Assets 

Assign a value to all of them and take the time to decide which ones you can sell.

2. If you haven't done so already, establish your goals for the program and enter them in WizeFi

2. Continue working on your other debt freedom activities. 

3. Come prepared for our next coaching session to share in the discussion.

 

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