How can I solve my financial problems?
Solving your financial problems is possible, do the following steps and make your Life emptier, less stressful, and more free + happier:
NEXT for the debt you got > you look at Housing, Electricity, Internet, Water > for the open invoices you have unpaid > call/email them, and PROPOSE a partial payment !
So that means, if you have $ 100 unpaid open for electric bill of the last 2 months, then you will propose that company to PAY them the 100 in 3 TERMS.
(so 33,33 p/month to pay off that 100 within the coming 3 months.
They will accept, because if they don’t, then you can tell them you might be forced to apply bankruptcy thus they would miss out on all the money.
And they don’t want that.
If you’re REALLY desperate, (and you’re still smart) then ask them to erase a percentage of the debt, because after all you are trying to do your best to solve all your financial problems, and can really use their help and good heart towards you.
(Whatever debt you can get erased, helps you to be more comfortable/less stressful).
NEVER be scared to ask, many people will try to help where they possibly can, as long as you’re not abusing them.
NEXT, check whatever in your Life you can SELL.
Sell online your fitness-bike, sell your stamp-collection, whatever thaat you CAN sell > SELL.
OR, exchange your BIG luxury car for a smaller sedan-type car, which is preferable more fuel-efficient; like a diesel-based or Liquid Gas based fuel.
That’ll save you a LOT while staying mobile if it’s a necessity for you to get to your job.
AND, if you’re lucky, you can get a part-time job somewhere, for a shorter or longer time just so you can get an extra money-envelope for a few months, until you solved the problems and got your things all in order.
FINALLY, don’t be afraid to ask your family or friends, to support you for a short while, tell them it’s just until you got debt-free and you got everything in order.
ANYTHING is possible for people with a good heart and a truthful mind.
Be your BEST self.
Stop using a Credit Card, just only use your Bank-card for your grocery shopping, and stay away from clothes-stores > DO NOT SHOP ! (you don’t need anything).
Stop using several Banks, combine everything into 1 bank.
Stop using “save-miles”-cards because in some-way-or-another you still pay for it, and you don’t need those things.
Living in your home and having foods and doing you job only and nothing more get’s you BIG savings, and thus Debt-free faster.
If you have a spare bedroom empty in your apartment, then empty it out and RENT IT OUT for the next 6 months.
There are always people looking for temp space so they can recover from a failed relationship and need to make a ‘clean ship’.
This gets you extra monthly income, but do it for the time-period that you need to climb out of debt.
Sign an agreement together so it’s all written down clearly on paper.
Be comfortable, prevent trouble afterwards.
(And, include the payment DATES and AMOUNTS PAYABME every time).
IF all FAILS > then just apply Bankruptcy, and that will let you start your Life NEW, because you can’t be in a stressful situation for the rest of your Life.
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You wanna be happy, and have a balanced Life, where you can be peaceful happy, and have experiences that lead to your growth.
That’s your BEST LIFE, the Life you need and MUST GO GET.
Get CONTROL back into your Life > Simplify > Minimalize !
You’ll become a winner, a happy person and you’ll start enjoying your Life again as this will be one of the greater accomplishments in your Life .
so be Proud of yourself.
DO IT !
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Learn more about me from my Profile and check out more real-life tips in my Blog if you feel like.
I always welcome your feedback/questions/remarks, thank you.
Probably the first thing you must do is believe that you can, believe that it is possible because it is and will manifest if you unshakably believe it to be so.
This is the foundation and the first step.
Every morning and whenever you aren't feeling motivated, I want you to tell yourself that you can do it and it is possible and then I want you to write down what it would take you personally to make it happen.
Be as detailed as possible with the math and income goals for yourself.
Secondly, you need to get your budget in line.
It'll always be an adjustment but having one helps keep you stress-free or rather away from unnecessary stress.
If you know that you need to make $1,300 a month to survive, life is so much easier because you know now if you have it or if you don't and you can adjust accordingly.
There are plenty of resources online that will help you do this.
The first step is to take out time to make a Financial Plan.
Kindly note Financial Planning is not the same as investment planning or tax planning.
Financial Planning is the key to financial success.
List your financial position – income, expenses, loans, etc, then make a list of all your financial goals.
Subsequently prioritize these goals as per their importance , or family position or aspirations.
Calculate the future values of your goals.
Once all this is tabulated, then next step is to make a list of all savings & investments, including those which are illiquid.
Donot leave anything out.
Get them linked to your goals.
This will help in finding out how much your goals are already taken care of and how much the gaps are in achieving your financial goals.
After you've seen the gaps, calculate the amount of money you need to start saving now to bridge the gap according to the amount of risk you want to take.
Your financial goals will now be secured.
The actual investment will depend on what is the time horizon for the goal, how important it is, whether the time or amount is flexible, etc.
A good adviser can help ascertain the right investments.
Please click is one way.
Another is to join personal finance fora like
Solving financial problem is easy, but it requires a lot of patience and willpower.
If you are still not able to come out of such problems focus on reading alot about managing personal finance.
Personally i got help from the book by Cary Carbonaro “The Money Queen’s Guide”