How to Get Out of the Deep Debt Den the Easy Way
It looks like you are already in disagreement with this statement because, in your book, there is no easy way to get out of debt. That is understandable given the high cost of living and your poor habit to spend more than you earn.
Well, you may think that way but, allow us to show you how you can pay off all your debt while having fun. Even guys with seemingly impossible CRA issues get out of the trouble smiling. Your case can’t be that difficult.
Make use of your talent or hobby to make money
Are you a talented writer, software developer, app developer, or a craftsmaster? What are you doing with your talents? In this day and age, you can make good money off any talent, and the best part is that your talent won’t feel like work because you enjoy doing it. So, instead of being broke all the time, look out for freelance opportunities, make money, pay off old debt and when done, save and live up to your dreams.
On that note, why not try learning a new skill then using it to offer services to others? No, you don’t have to get a formal education in a college. Just use the internet.
Buy. Fix. Sell
When was the last time you visited a thrift store? If you don’t like rummaging through old items, think of it as digging for gold. You can get great pieces of furniture, home décor accessories or clothes that need minor fixing. Buy those items, take them home or to a carpenter, fix, paint, clean or buff and sell it. We promise good profit.
Stop hoarding and sell
Do you need all those clothes and shoes in the wardrobe? What about the furniture and the kitchen electronics in the basement/ garage? One, they take up space which you could convert into a rental guest room. Secondly, you can sell those items to pay off debt. Just make sure that you stop buying more unnecessary items.
Sell your hair
No kidding! Well, it seems like an extreme move but, hey, it pays, and you need the money. If you have locks or longer and fuller hair, you can sell it online. People pay a lot more for natural and chemically untreated hair.
Do you need it?
This isn’t an easy one especially if you are a shopaholic but, you have to cut down some costs. If you need something now, wait three days, if you still need it then, get it. You can save a lot by denying yourself a few pleasures.
Final debt clearance tips from the experts, stop creating more debt, create a spending budget, get a debt consolidation loan or speak with a credit counselor.