Showing posts with label Debts & Loans. Show all posts
Showing posts with label Debts & Loans. Show all posts

Sunday, June 23, 2019

9 Ways to Get Out of Debt Faster

Debt is an amount of money borrowed by an individual from another party. Many people use debt as a method of making large purchases that they could not afford by paying interest on them. Many get into huge debts and getting out of it can be frustrating and confusing experience if you don’t have the right plan. Some people simply try to avoid these issues and ignore the problems they are already in. However, if these debt issues are not dealt with, it will only escalate the problem much further. This can lead destroying your financial dream. With debt, it will be impossible for you to be financially ahead to achieve early retirement. Before you want to build wealth through your investment, you’ll need to tackle those debts you acquire. So what are ways to get out debt faster?

Sunday, June 19, 2016

How Credit Card & Its Debt Can Ruin Your Financial Life

Getting credit cards is really simple and accessible able in today’s generation. Even the younger generation who just enter college have easy access to credit cards (Those credit card companies want to take advantage of the unexperienced youngster). Those credit card companies don’t have your best interest in mind. After all, they are in this business to make profit. I have to admit having a credit card can be an incredible tool such as building credit, cash back rewards, and point rewards that can be used for traveling and souvenir exchange. But the question is, do anyone know that getting into credit card debt can actually ruin your financial life. I’m talking about digging yourself into really deep hole and unable to get out from the financial mess. I believe how you handle your credit now can have huge ratification on your financial future. If you don’t use it wisely, you are going to be stuck in the vicious cycle for the rest of your life. I wrote this article hoping people will not entangle in this financial situation. I don’t want people to realize this problem later on in life when it’s too late. So how credit card and its debt can ruin your life?