More than just being a negative number in your bank accounts, debt is a word that comes with a lot stress to challenge mental and physical health. Each one of us, at some point of time in our lives, has gone through the debt stress or is still going through it. What surprises me is that how persistent and chronic the debt stress is, in today’s scenario. There is a huge amount … [Read more...]
Does Debt Consolidation Help Your Problem for Once & All?
Debt consolidation has emerged as the most popular way to get rid of overwhelming debts that one is currently trapped into. Those, who speak in favor of debt consolidation, are of the view that it will help the debtor find a strong financial foothold once again. Others are pole apart from the financial gurus holding an optimistic view about debt consolidation and warned the … [Read more...]
5 Productive Ways to Use Your Side Hustle Money
Starting a side hustle is a great way to use your free time to help you earn some extra money. After all, nearly everyone could use some extra money coming in every month, unless you’re Warren Buffet or Donald Trump maybe. ;) But for the rest of us common folk, side hustle money can be a blessing in helping us reach our financial goals. The key is to use the money productively. … [Read more...]
Is “Gazelle Intense” the Best Way to Pay Off Debt?
Popular finance guru, Dave Ramsey, coined the term “gazelle intense” as a way to go about paying off your debt. Ramsey’s point was that you shouldn’t be spending money on anything other than the absolute bare necessities when you are in debt. He pulled the inspiration for the phrase from Proverbs 6:4–5, which says, “Give no sleep to your eyes, nor slumber to your eyelids. … [Read more...]
Should You Pay Off Debt with a Laser Focus?
As you know, there are several different types of bloggers in the personal finance community. There are the ones focused on paying off debt (like me), there are those who are focused on saving for early retirement, and there are those who are frugal so they pursue their passion no matter how little it pays. There’s something for everyone to read, learn from, and relate to. … [Read more...]