This month I was joined by Carol Kabaale, a 32-year-old marketing expert from Cape Town, South Africa, who shared her journey from debt to success. Initially, she accumulated $20,000 in credit card debt while working at Hilton and pursuing additional marketing courses. Her husband, a civil engineer, helped her manage and pay off the debt over a year and a half. Carol’s marketing agency, which she started at 21, recently surpassed $100,000 in revenue, primarily from U.S. clients. She emphasized the importance of financial education, budgeting, and support from her husband in overcoming her financial challenges.
In this episode:
– Started in hospitality, transitioned to marketing, and launched her own agency at 21
– Accumulated approximately $20,000 in credit card debt between ages 21-26 through impulsive spending and lack of financial awareness
– Her husband helped her create a structured debt repayment plan, becoming her “bank” and supporting her financial recovery
-Paid off the entire debt in about 1.5 years through increased business pricing, sacrifices, and focused repayment
-Now debt-free, owns a home, and runs a six-figure marketing agency serving US clients, demonstrating significant financial turnaround
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