Going from financial struggle to financial freedom can be done with the right approach and dedication. Tackling debt is the first step, and it requires discipline. First, make a list of all your debts, covering credit cards, personal loans, and overdrafts. Apply either the snowball or avalanche technique to reduce your debt, where smaller debts are paid off first in the snowball method, while the avalanche method tackles debts with the highest interest rates. No matter the approach you select, paying off debt reduces financial pressure and frees up money for savings and investments.

After achieving debt freedom, true financial growth can start. Start saving and investing investment strategies with purpose! Allocate part of your income for an emergency savings fund, and place the remainder in high-interest accounts, ISAs, or pension plans. Investing in stocks, bonds, or property allows your money to grow over time. Don’t let investing intimidate you—it’s historically one of the best wealth-building methods. Begin with smaller investments and increase gradually as you grow comfortable with risk.

Achieving wealth from a place of debt is challenging, but it’s absolutely possible with persistence. Keep tabs on your financial progress regularly, update your goals when necessary, and stick to spending within your limits. With patience and smart planning, you’ll be progressing toward financial security, without debt or financial stress, and positioned to benefit from the financial stability you’ve earned.