DEBT is something owed a person, an organisation, or a country based on terms and conditions with the intentions to pay back with interest on a specific date in future.
WHY PEOPLE GO INTO DEBT
1. faulty notions or perspective about business.
and life
2. Lack of discipline
3. Lack if planning
4. Standing as a surety for debtors. (a surety is a
person that stands on behalf of a borrower,if.
the borrower fails to pay, the surety pays)
5. Pride
6. Fake life. This is mostly common in youths
especially girls.
HOW TO COME OUT OF DEBT
If you really want to be debt free, don't wait till you get old before you start working on it. You can follow this few steps;
1. Make a plan: you can start by listing out your debts from the smallest to highest amounts, then start paying little by little for each debt
2. Draw lines: if you really want to get out of debt, avoid creating more debts. Hate debt and hate to owe because you can only defeat what you hate
3. Avoid lifestyle inflation: most people are easily influenced by friends. You have to to be ready to set your own standards and live your own life, also be content witness what you have. Some people will say "oh, my friend bought these new shoe or dress, I must have it". NO!! Focus know what u really need.
4. Build an emergency fund: set aside a certain amount of money for issues that may arise it could be medical bills, home repairs etc. This will keep u in check.
5. Hustle: another way to keep your spending in check is to explore other ways of increasing your income. Do not depend on one job.
In all, getting out of a debt whether big or small is like a breath of fresh air, be realistic and live your on way......| post_id | 13,804,051 |
|---|---|
| author | onyechi |
| permlink | living-debt-free-debt-is-a-huge-weight |
| category | money |
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| created | 2017-09-26 12:33:24 |
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it is nice to live in a financial freedom were you can do and have time with your family.
| post_id | 13,804,519 |
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| author | neilanthony |
| permlink | re-onyechi-living-debt-free-debt-is-a-huge-weight-20170926t125115804z |
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Indeed it is, which is why i try to live my life as debt-free as possible. Sucks to have the bank or creditors chasing after you.
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is an excellent post, thanks for sharing your content Hello my friend @onyechi I am your follower and you are mine. This is a reply message as a strategy for you to add votes and replys in your post ... what an interesting topic you handle in your blog, I would like you to do the same with my last post about (fantastic places #2 the Northumberland National Park) https:// steemit.com/travel/@victorlondono/lugares-fantasticos-2-el-parque-nacional-northumberland .... thank you very much ... @victorlondono
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wow nice post
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