From Debt to Prosperity!
Financial Freedom, Here we come!

You can cope up with your credit card debt to prosperity. You might be wondering on why you have so much debt in life.

Reality check, how many credit cards do you have? Do you have the habit of spending via your credit card? Are you complacent with your credit card since you know that you can pay for it on payday?

When you swipe that card, you’re spending your future income and I think it is a wrong mindset to spend our future earnings. Pay in cash as much as possible to avoid debt.

Swipe that credit card as long as you have the cash to pay for it. Analyse your spending habits. Perhaps, one credit card can sustain your lifestyle. Remember, it is also good to use credit cards for security and convenience purposes only. Meaning to say, the minute you swipe your card, make sure that you have the cash to pay for it on time.

If you do not pay your dues on time, interest will earn and come to think of it, the service or product you bought might double. Yet, use it wisely. You may borrow unless you have the capacity to pay on time because the credit card is actually convenient for not bringing any cash for security purposes.

When having a purchase, look at the amount if there is a difference when you pay it in cash or card. Some purchases are the same whether you pay it in cash or card. If the item shows that it has a 0% interest and the amount is much cheaper in cash basis, thus consider the disparity as the interest.

The power of borrowing or the concept of loan is powerful when used wisely. The moment you borrow, make sure that you must pay it on time to avoid unnecessary payments.

Use the concept to leverage, borrow some money to earn to that money.

For example, a friend of yours is selling a car immediately worth 5,000, still the value of the car is 10,000, and your friend needs the money as soon as possible that is why the selling price is low.

Wow! That is an opportunity for you. If you have the cash, then go purchase it, but if you do not have any capability to purchase it at the meantime, better to borrow and earn some money. You can buy the item low then sell the item high. That is a great track to exit the debt to prosperity.

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