Wednesday, July 1, 2015

How to get out of debt


How to get out of debt
how to get out of debt
I discussed types of debt and how to avoid bad debt in my previous series of articles. Today, I will look at how to get out of debt. The reality is that many are deep in debt, and when the noose seems to tighten more, they incur more debt to provide temporary relief.
Getting out of debt is not the main issue. It is learning the lesson so that you don’t become a repeat offender that is crucial. You have to understand how you got here. You borrowed for things that did not pay for themselves. In the case of equipment, you borrowed to procure equipment that did not pay for itself. You assumed it will. You assumed wrong. You did not test your assumptions. Assumptions get people into trouble, especially the debt variety.
Related Posts Plugin for WordPress, Blogger...