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Showing posts with the label Debt Trap

How to stop worrying about debt?

If you are driving a car, fell asleep and when you woke up, you see you are going to hit the wall, what will be your immediate action to avoid hitting the wall? There was one period in my life, where my debts were piling up and were constantly worried about debt and how I was going to repay it? Yes, I slept for a few years in my life and when I woke up, I realized in a few meters, I'm going to hit the wall. Realized, in order to avoid hitting the wall, you need to change the focus. Instead of seeing the wall, if you see the direction where you want to go, your car automatically changes direction. (Experienced drivers agree to this) That was an aha moment, I did this, instead of focussing on debts, started creating a new savings plan. I started a new SIP with Rs 1000, increased the amount every few months and when I constantly started to focus on savings, my debt started to come down. This may sound a simple philosophy but a powerful one. What you focus on will grow. Focus on saving

Why didn't they teach us this in our school?

Article  #2 Hi Friends, "If you are born middle class, its not your problem, if you die middle class, its your fault" I'm VJ, welcome you all for the wonderful journey!! In case you missed the article #1, click here . Nearly 20 years back, one sunday evening, we were all sitting in our living room and watching television, we got a phone call in our land line phone. My dad attended the call, he started sounding very upset and worried - He was inquiring in a hurried voice - "What happened? When? Oh really? I spoke to him yesterday" I became more curious to know what's happening. Dad - "Oh my god, what's the reason? but why did he do that?? He shouldn't have done that? I will come now immediately." He hung up the phone and within few minutes, he left the house with tension in his face. I was a school going young kid and was curious to know what's happening, realized something bad had happened to someone close to my dad.

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