Stop the loan culture before it’s too late

You know what I mean. Every month, you are counting down the days until your next pay day and worrying about your finances. This is something that almost everyone has experienced at one time or another in their lives.

Many people fall for the lure of loan companies advertising debt consolidation. Although they claim they are trying to help, the loan companies really just want to sell you a package of debt consolidation or a loan at a ridiculously high rate of interest.

These companies make money only if we are in debt. They will go out of business if you and I get our finances in order. It doesn’t matter if you are in debt or if you feel like your finances control you, it is time for you to take action!

You are only responsible for your finances if you allow them to. This is similar to feeling anxious when you speak to an expert in your field. You may feel like you don’t have the same level of communication and feel intimidated. You can be relaxed and comfortable talking to your friends about your favorite football team, etc. Your knowledge is the only thing that can make these two situations different. You can conquer the world if you have the knowledge, understanding and skills!

How can you become more knowledgeable about managing your money? This could not be done in enough detail. I will only try to cover the key concepts. This article will cover everything you have read and more. What are the key concepts?

1) Get to know your finances well

2) Reduce your expenditure

3) Increase your income

4) Play the interest-rate game

By Shu Chen Hou

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