Jason Butler
Jason Butler is a chartered Fellow of both the Institute for Securities & Investment and the Personal Finance Society. He is a global financial wellbeing expert, angel investor, au...
Select an answer to get started
Who are you?
Hello, I'm Jason. Now. This is a space where you can ask me any question about your financial wellbeing. And remember, there are no silly questions. I don't know all the answers, but I've got a lot of experience and I've interviewed many, many, nearly 2000 people in a 30 year career. So ask away and I'll do my best to answer you as fully as I can.
How do my finances affect my wellbeing?
Well, money and wellbeing are inextricably linked because if you don't have any or enough money, life can be pretty miserable. And if you haven't got enough money to meet the essentials of life, then clearly it's going to affect you mentally and physically.
How do I get out of debt?
There's no magic to getting out of debt, but there are some principles that you can follow. First of all, just stop borrowing money. Now, I know it's easier said than done, but if you say to yourself is debt is not an option, then you have to start thinking about another way, either by not spending, spending less, or earning more. Once you stop borrowing money, that is the first step. The second step is then to build some savings. Now, it sounds a bit counterintuitive, but just to build a small buffer, perhaps a thousand pounds or a thousand dollars or a thousand euros, whatever it is that you need to break your reliance on debt, and from then on, you then need to focus on getting really, really hyper intentional about getting rid of the old debt that you've built up, and that's going to require you to be really intentional about your spending. It's going to require you to possibly increase your income, and probably a mixture of those two things.