Congratulations! You are finally debt free. But, your job doesn’t end here; rather, it is the beginning to secure your financial future.
So have you thought how will you manage finances after being debt free?
Do you think you are following the right financial moves for a secure financial future? Check out 10 do’s of financial planning. Following them will help you plan your finances in a better way.
Does debt drag you from riches to rags or is it just the opposite? Tough to tell. A lot depends on your circumstance. Some radio shows and financial websites reflect only on the bad side of debt.
Both bankruptcy and trust are important in the process of becoming debt free. If you want to clear your doubts about bankruptcy and trust, have a look below:
Bankruptcy is often seen as a financial nightmare. A last resort for individuals and businesses facing overwhelming debt. The word itself can conjure up feelings of failure and despair.
“The whole point of credit cards, the way they are rendered most profitable, is that we dig ourselves into debt and stay trapped there forever.”
To avoid being in such a situation, you should know
Building business credit is a smart financial move. It will help you to get low-interest rate loan for financing. With the help of a good business credit rating, you can also get affordable insurance rate for your business.
Life without credit cards is next to impossible in the present world. However, you should avoid making mistakes unless it'll be harmful for your financial situation.