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All Forum Posts by: Jonathan Mudoni

Jonathan Mudoni has started 1 posts and replied 3 times.

Post: Need to assist my sibling resolving a personal debt conundrum

Jonathan MudoniPosted
  • Investor
  • Johannesburg, Gauteng
  • Posts 3
  • Votes 0

Thanks Thomas, will explore the councillor route. But surely some material into her hand to spark the motivation fuse will be useful. Mind you not all that glitters is gold when it comes to councillors.

Post: Need to assist my sibling resolving a personal debt conundrum

Jonathan MudoniPosted
  • Investor
  • Johannesburg, Gauteng
  • Posts 3
  • Votes 0

Thanks Kerry and Frank for taking the time. I will purchase the Dave Ramsey book, and put it in her hands. From discussions I've had with her,  the only missing ingredient is a good solid plan and some sort of point of reference for the check and balance or continuous review aspect.

Post: Need to assist my sibling resolving a personal debt conundrum

Jonathan MudoniPosted
  • Investor
  • Johannesburg, Gauteng
  • Posts 3
  • Votes 0

I have a younger sister in her early forties whom i've managed to get interested in real estate. She sees the sense in the whole thing and in life she has a senior job as an associate director in the civil service. It comes with a very busy lifestyle which includes a fair dose of business travel.

She is interested in partnering with me on deals in the foreseeable future but the elephant in the room is that she is over-geared in terms of personal debt, credit card debt to be precise. Can someone please point me out to a resource, a book or whatever. I need something that I can buy and literally put into her hands that has proven strategies on how to get out of the personal debt prison. Links to a website etc wont help because I know she is too busy to look at that sort of thing.

I have a feeling that with good plan and some grit she can be out of this debt situation in 24 - 36 months after which she says she will be ready to start her investment journey. I will wait in anticipation of your input - Jonathan, Johannesburg.