Getting Out of Debts 👣
What to do if you have debts and/or loans?
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/My Own/
One of the strategies is to plan and understand the ‘Worst Scenario” for your situation.
It’s also important to notice that such kind of scenario is used not only by those in private debts, but also by investors and businessmen who calculate their risks. ✨
Think in details on
🤷♀️ Where will you and your family live?
🤷♀️ How and where will you work?
🤷♀️ What will you sacrifice in the worst case and what will be the changes in your life that you’ll accept?
It’s important to brainstorm and see various scenarios and answers for these questions, but it’s more importantly to honestly prepare yourself for the worst case.
Firstly, if the worst case scenario really comes to reality you already know what to do and how to act, so there should be less or no panic for you.
Secondly, by developing the worst case scenario this actually serves for you as an extra motivation as you now know for sure what’s the price to pay in case of misfortune towards success.
And the most important thing is that it also brings peace to your everyday life. Now you know everything about the worst case scenario which allows you to breathe in and breathe out and get to do the work needed for success.
So, get the pen&paper (it’s still psychologically best way to do this task) and answer those questions for you, what’s your worst case scenario? 👀
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Nice
А лучше ни у кого не занимать в долг, и отдавать ничего не надо будет))
Personally ... I have zero faith in my ability to retain an income. Thus, I live in a way that appears much poorer than those around me. But that's because I haven't sold myself over to slavery by financing. Look at the way houses work ... you pay twice, you finally own it, and then if you lose your job the house still gets taken away because you never really own the land, you rent it from the state.
We have no possessions anyway. So, in my life, I refuse anything that I do not already have the cash in hand for. Yeah, that means I eat twice a week, but so what.
Yes! this is nice writings. Thank you
thanks for sharing
Man I wish I got of debt got out of all these credit cards but sometimes I just stay put
if the worst-case scenario really comes true, then we must minimize it so that it does not get worse for the future by saving money well so that the risk of debt does not increase.