Now many young people have debts, and there are two main types of debts, one is the debt that they are responsible for, such as personal credit card debt. The second type of passive debt is a debt caused by changes in life, such as illness, which is a relatively miserable thing. Debt can make people easily anxious, and only by adjusting their mentality and calming down can they find a way to solve the problem. So how to get rid of the debt dilemma, how to quickly turn over the debt?
First, why do young people have debts
Most people have debts and excessive consumption has a very large relationship, the promotion methods of merchants continue to upgrade, attracting consumers, young people are too popular and fashionable, accustomed to swiping card consumption is often overdraft but unable to repay, thus becoming a card slave debt. Then, only by establishing a correct concept of financial management and doing a good job of financial planning is the only way to the road to wealth freedom.
Second, how to get rid of short-term debt
For short-term liabilities, the debt period can be appropriately extended, thereby reducing the pressure burden. The focus is on learning open source, (open source is to open up revenue sources to increase revenue as much as possible), it is best to have multiple revenue channels, and the overall financial situation will slowly improve.
Preferential repayment of consumer loans with high interest, for example: Alipay Ant Borrowing is calculated according to the daily interest rate of 4/10,000, then the annualized interest rate is 0.0004 * 365 = 14.6%, the interest rate is very high, only suitable for short-term urgent need of capital turnover.
Third, how to get rid of long-term debt
Open source is especially important for any ordinary person, finding a part-time job in the short term, increasing passive income, and being able to pay off previous debts and thus get through difficult times.
We must control our desires, do not consume blindly, learn to consume rationally, in addition to the necessary consumption expenses in life, do not make additional consumption.
Fourth, learn financial investment knowledge to make money money
Systematically learn financial investment knowledge, learn to take care of their own financial situation, so as to learn financial knowledge (funds, stocks, convertible bonds, etc.) in a targeted manner, and invest in order to free themselves from liabilities.
In fact, investment and financial thinking is very important in debt and consumption. For the moonlight family and the debtor family, if you want to completely get rid of the debt, you need to change your consumption patterns, develop the habit of bookkeeping, analyze the bills, observe whether your consumption behavior is reasonable, and try to avoid unnecessary consumption. Use the money saved to buy wealth management products, invest to make money, and make your life richer and richer!