Household debts are debts which are carried by the people and not by business or governments. Household debt is measured by combing the debt of each person in a family. It includes debt like house mortgages, home equity loans, car loans, student loans, credit cards, personal loans, etc. People are frequently using credit cards for their daily shopping, students are taking loans for their higher studies, professional are using home loans, personal loan, etc. to meet their need of luxuries. Carrying household debt has become a kind of worldwide culture and it is growing significantly worldwide especially in developed countries. To get out of household debt is not an easy task. In this article I am going to reveal 10 easy ways to pays off household debt.
Category Archives: Debt
Marriage without mental and financial planning is like committing suicide
Valley of Debt
Greatest debt is not to lose a job but to compromise with a job which you are not passionate about.
The person who is passionate about job is going to utilize their knowledge to be an expert in that particular field. Using their expertise in the subject, they may be able to build more wealth, if luckily they had or able to grasp knowledge of financial intelligence somehow. Passionate people have more chances to grasp the financial intelligence, as they are internally satisfied and motivated. While persons who are not passionate are going to be frustrated with the kind of job and might also not interested putting any effort to getting expertise in it. They will start losing confidence and motivation from inside. This may also prevent from developing financial intelligence. Now their liabilities will start growing and a fear of debt will start daunting from inside. But the fear of debt will force them to compromise and stick to the job. The dissatisfaction may lead to the mental distress and bad health. This may further lead to the medical debt. You might have heard the quote “Health is Wealth.” Eventually this will force them to the financial trap of debt. That’s why I believe that greatest debt is not to lose a job but to compromise with a job which you are not passionate about.
Raj's Finance 