HOW TO EASILY PAY OFF YOUR DEBTS WITHOUT GETTING ANOTHER LOAN | Marvin Germo

HOW TO EASILY PAY OFF YOUR DEBTS WITHOUT GETTING ANOTHER LOAN

By: Marvin Germo | November 22, 2019

Loans Here and There

Are you currently buried in loans right now? Do you wish to find the solution to your problem? Well, getting another loan is not the answer! Whether you are a simple employee getting a salary loan or a businessman borrowing cash for your business, it’s not ideal to use another loan to pay off your existing debts. The tendency when you borrow money repeatedly is that you won’t get out of the loop easily even if you wish to. It’s better to plan the flow of your money ahead so you would know exactly what to do at the date of your loan payment. Do not waste your money paying interests. You must help yourself!

Catch me in my live training events! (quick plug)

The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing.  I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the trainings below.

ICON Davao – November 30, 2019
Stock Smarts Manila – November 24, 25, December 8,9,15,2019

Hustling More Is The Answer

Rather than thinking of getting another loan, why don’t you think of getting sidelines instead? If you think the salary you are getting every month cannot cover your loans, let alone pay your bills, you must be resourceful. Brainstorm other ways to earn like selling or doing freelance services. There are many people who are doing this nowadays—selling something online to generate extra cash and offering their services occasionally. Again, borrowing money again will not solve your problem.

Stop Buying Your Luxury

If you know your salary can’t afford expensive things, do not buy them! Do not prioritize your luxury over the things you need. You must stop spending on the things you want and prioritize paying off your existing debts so you can get out of it easily. It’s a lot of sacrifices but remember why you want to pay off your loan in the first place. Is it for relief so you won’t have to think of it every time the due date approaches? Is it so that you could save? Think of your goals and stop buying luxuries for now.

Budgeting Is important

Budgeting is very important when talking about paying off debts. You have to think carefully about how you can manage your cash or your salary because if you don’t you will never be free from your debts. There are a lot of ways on how you can learn to budget. You can ask for advice from your friends or your family members if you think you are bad at it. You can read books or watch videos and learn from the experiences of others. Again, it’s a matter of how eager you are to learn to budget.

I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. The book is now out and exclusive via Marvin Germo Book Orders.
For more details and to order my other books: Marvin Germo Book Orders
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