Freedom from Household Debt: The Simplest Path to Financial Freedom

Stanley Ngwa

Sep 2020 · FriesenPress

About this ebook

DO YOU HAVE DEBT? Are you feeling stressed about it? You are not alone. In Canada, household debt is about $2.2 trillion. If you worry it’s impossible to get out of debt, help is here. Stanley Ngwa has successfully applied this 10-stage program and eliminated $90,000 of non-mortgage debt in just six years. Key to his approach is the recognition of the role behaviour plays in making decisions that incur debt. Understanding what drives us to take on debt is the cornerstone of this freedom from debt program.

Freedom From Household Debt provides an easily understood education on debt— what it is, what drives it, and strategies for managing it. Step by step, the book takes you through identifying your debt and formulating and implementing a plan for eliminating it. And the management of personal finances doesn’t end there. The author’s approach covers future needs with steps for formulating and implementing a plan for emergency situations, education costs, and retirement. As the author’s experience proves, following these ten steps will get you to financial freedom.

About the author

Stanley Ngwa has lived, studied and worked in Africa, Europe, and North America. Stanley immigrated to Canada with his family. As they settled into a Canadian lifestyle, Stanley accumulated substantial debt—student loans, car loans, personal loans, credit card debt, and a mortgage. The rising debt load was stressful and something had to be done. Stanley undertook to reduce his debt, and over six years he paid off all the non-mortgage debt and is on track to cut the amortization period of his mortgage loan in half, and he did it by applying the common sense steps in this book.

He lives with his wife and four children in Edmonton. He is the author of The Journey of an African Child, an inspirational story of overcoming adversity.