1. Step 1

    List your debts and interest

    To get to point B, you have to know where point A is.

  2. Step 2

    Write down your spending every day for the next 30 days

    This shows you your spending habits.

  3. Step 3

    List what you need and what you merely want

    Focus on necessary spending and cut unnecessary wants — a new phone, a new bag, new shoes, and so on.

  4. Step 4

    Pay off debts from the smallest to the largest

  5. Step 5

    Find ways to increase your income

    Our time is fixed, but you can increase your income at any moment.

Before you start a business, invest, and aim for financial freedom, the first step is getting out of debt. Khanh wishes you financial freedom soon.

— Khanh Ngo