Friday, June 23, 2017

How to solve the financial problems?

We need to talk about what financial independence is. In this article I will tell you how to get rid of debts and live in pleasure and without fear of tomorrow. But unpaid bills and debts make our life unbearable. The first and most basic thing you need to do is to add up all the debts in one amount and break it into your monthly income.

Example
Your debts are $ 100,000
Your monthly income is $ 2,000
So you will receive the number of months you need to spend on returning debts.
$ 100,000 / $ 2,000 = 50 months
Next, you should evaluate all your property and the sum you received is also divided into your monthly income.
House -$150,000
Car -$ 20,000
Securities -$ 5,000
Total -$ 175,000
So you will receive the number of months you spent on earning your property.

175,000 $ / 2,000 $ = 87.5 months

Now compare the first and second. 50 months As you can see, the difference is 37.5 months. Now let's multiply this number by 3 and get the time for full repayment. Why at 3? It's simple - according to statistics, only a third of the salary a person can pay to pay off debts. 37.5 months * 3 = 112.5 months (9 years and 4 months). Sometimes the decision can be unexpected. For example, you can take a personal loan at low interest rates and pay off your debt, which has become prohibitive. This tactic will allow you to gain time and improve the quality of your life.

I can recommend you to the website of http://rodgie.com/loan-applications.html, where Vi can fill out an application for a Personal Loan.


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How to solve the financial problems?

We need to talk about what financial independence is. In this article I will tell you how to get rid of debts and live in pleasure and witho...