At the same time, you also need to pay attention to the aspect of income generation
Posted: Mon Jan 20, 2025 10:04 am
(2) Only make minimum payments Usually, as borrowers we only need to make the minimum payment on the debt balance. On the one hand, we are only required to make the minimum payment so that the amount does not burden us, and we still have money left over to continue living. However, by only making the minimum payment each month, the effect will be to extend the time it takes to pay off the debt and in the long run, it will increase the total amount that needs to be paid in interest. This situation certainly makes us feel disappointed when we think about our debt not decreasing at all, or even if it does decrease, it decreases very slowly.
It's as if we're making no progress in our efforts to free ourselves from this debt overseas chinese phone number data problem. (3) Not focusing on income-generating activities Conventional methods of resolving debt problems tend to prioritize debt repayment over income-increasing activities. The advice that will be given is usually like saving money, making sure to make a budget, and setting aside money from your salary for debt payment purposes. We do all this to avoid any problems later or being charged additional charges in the form of fines. Clearing debt is an important aspect of achieving financial freedom, but it is only part of the problem.
if your salary income does not show any significant increase, then you need to be open to exploring new sources of income. (4) Lack of support and guidance In many cases, individuals with debt problems do not receive support and guidance from those who have access to the right knowledge to generate additional income or have knowledge related to finance and investments. It's as if everyone lives in their own world. We don't care about other individuals around us, who may have i.
It's as if we're making no progress in our efforts to free ourselves from this debt overseas chinese phone number data problem. (3) Not focusing on income-generating activities Conventional methods of resolving debt problems tend to prioritize debt repayment over income-increasing activities. The advice that will be given is usually like saving money, making sure to make a budget, and setting aside money from your salary for debt payment purposes. We do all this to avoid any problems later or being charged additional charges in the form of fines. Clearing debt is an important aspect of achieving financial freedom, but it is only part of the problem.
if your salary income does not show any significant increase, then you need to be open to exploring new sources of income. (4) Lack of support and guidance In many cases, individuals with debt problems do not receive support and guidance from those who have access to the right knowledge to generate additional income or have knowledge related to finance and investments. It's as if everyone lives in their own world. We don't care about other individuals around us, who may have i.