Today, I’d like to talk about starting a side hustle to earn extra income.
In the previous post, we’ve spoken about it in the context of paying down your debt. But really it’s not just restricted to debt. You could be using a side hustle to bring in extra income for yourself.
Today, I’d like to talk about how you can remove your debt faster.
There are two main ways to do this. First, do another audit of your expenses. Check your needs and wants (we’ve covered that in a previous post). Accelerating your debit removal might mean getting a bit more ruthless with some of those wants. You might have to cut them back for this period in time while you’re working to reduce your debt.
So far, we’ve spoken about the different types of debt and how you can start paying them down. Now, I want to talk about how others see your debt.
This comes down to your credit score. Your credit score can be affected by whether you’ve paid your bills on time, or if you have existing debt that you haven’t paid off. It’s important to know your credit score because this is how lenders will see you when you’re applying for a loan for property or anything like that.
Ep. 14 – The Types of Debt Ep. 14 – The Types of Debt Posted by Facebook on January 29, 2019 Today, I want to first talk about the different types of debt we can get ourselves into, and second work out a strategy to get rid of it. Being out of debt means you
I’ve shared previously how when I was 18, I got a credit card, and I started spending, most of that mindlessly on discretionary expenses. I realized that’s a really ineffective way to manage your finances. The more complex your bank account structure is, the harder it is to control things.