So today I am telling you how to get out of the clutches of interest and loan. So friends, the first point, the most important point is step down, that is, come down one or two steps.
Living up to your potential: Making adjustments to thrive, not just survive
The level at which you are standing today, your standard of living, the standard of living you are living, you have a lot of loan on you, that is, you are not able to handle it, you are not able to adjust with it, you do not have that much money, that is why expenses are more, income is less, then it becomes very important that you calm down your ego a bit and come down one step. That if you cannot afford a car, then it does not matter, buy a two wheeler, use public transport because if you do not agree today, then tomorrow you will have to do the same, you will become more helpless, you will not have any money left and you will keep getting trapped in this trap, if you get trapped then come down a little, put your feet down. That spread the blanket a little less and adjust with life. Adjust with pride. Adjust with pride.
This is your life, your worries, you can be according to your situation. If someone is laughing at you, making fun of you, then it does not matter, people will laugh tomorrow too. If you become careful today, then you can also increase your benefits in the future. So the most important thing is to come down a little, if the bungalow is not suiting you, if you cannot manage it, then buy a flat. Big business is not suiting you. Start a small business. It is important to run the house. Business is not suiting you. Do a job but limit yourself a little. Control your expenses.
Get out of the debt trap: Act today to secure your financial future
Hey friends, loan becomes a cycle. First you took a loan, you did not earn that much, you incurred a loss, you could not repay as much as you wanted to, then you took a little more loan, or you took a loan from private people at a higher interest rate.
You are not repaying the bank loan. You will definitely repay the entire amount from private people at that interest rate. You will not be able to repay that too. From wherever you get a loan, you will gradually take a loan and repay the old loan and the old interest. And one day you will stand in a situation where you will be left with nothing. Everything will be over. Instead of reaching that situation in the mines, instead of facing a wall, a road block where you cannot do anything, that wall is standing in front of you today. Are the people taking loans today able to repay it from their earnings, or not? If you are taking loans and repaying the loan, then stop it today itself.
End this cycle, if it ends tomorrow, there will be more trouble. You will go to the mines, you will not be able to do anything, you will become bankrupt. Be cautious today. Understand that nothing can happen in the future. Everything will be bad. Because if you take a loan and pay interest on the loan, first the loan, then the entire interest and then you will have to take more loans, you will be completely trapped. You should stop that today. You just have to end this. No matter what happens, face the problems that are going to come tomorrow today. Don’t run away.
Dealing with high-interest rate loans: Keep calm, negotiate and rebuild slowly
Hello friends, banks are private entities that give big loans against property. They will give you guest loans against property. Small lenders, private lenders, give you loans at high interest rates without any security. But the problem is that the bank will recover its money by selling the property. These lenders get involved in criminal activities, blackmail, abuse, harass you, make your life difficult and often a solution is found in such a case. Friends, you set up a business, all the money you invested with good intentions, it went down or diminished.
Right now you are not able to give them their money and you are afraid that criminal activity may take place, you may be publicly shamed, you may be publicly shamed, you may be colluded with, you should talk to these lenders face to face. Don’t be afraid. The more you fear, the more they will sink you. Talk face to face. You gave me a loan. I am not after you. I invested it in business. It went bankrupt. You gave me a loan at a high interest rate. So, the risk was there. But I am worried. I will return only one penny. It will take some time. I will not be able to return it immediately. I cannot bring it from the air. I cannot pluck it from the tree. I need time. I will return the money gradually. I will try. I will return the money gradually.
But if you fight, do criminal activities, humiliate the public then I will not be able to do anything. I will not be able to pay the money. Then do whatever you want, the option is in your hands, I will return the money gradually. If you do something wrong then nothing will be returned. Whatever loss I have to suffer will be suffered. I am ready. Speak clearly. I am giving a guarantee. The person will become silent, will wait. And then you pay a little bit of money with genuinely good intentions and slowly it will end.
Stay strong and carry on: Overcome life’s challenges with Perseverance and faith
Friends, the next point is very important, the circumstances that you are facing are a test of your life. Every person has to face tests in life, some lose their loved ones, die, someone gets stuck in a trap, someone loses his job, someone is tortured by his family, similarly this is your test. This test is a part of life, not the whole life. This time will pass, it will give good and bad, it will give problems but it will be defeated, so it is very important to stay strong, focus on your actions, follow the plan. Calm your mind, face everything, you have to do it.
Go with the plan, execute the plan, move forward slowly. Everything will be fine. If you get stressed, get depressed, get lost in this tension, then you will be able to go to only one place and that is the hospital and there will be no good in going there. Calm your mind, make God your destiny your partner.
Smart strategies for a fresh start
And friends, in the end I will say that whatever a person takes, he takes it against an asset. And no institution gives a hundred percent loan. Meaning, no one gives a hundred percent loan on the market value of the asset, he will get fifty-sixty percent. Meaning that whenever that asset is sold, the loan will be repaid with some money and the rest of the money will go into your hands. You will have to give up the asset because the same thing happens sooner or later that asset will be sold. Before you become a defaulter, the rating deteriorates, the interest keeps piling up and the value ends.
Today itself you feel that I am not able to pay the installment, dispose of that asset, even if it is your house. Repay the loan and start a new life with the rest of the money. You will have to be so courageous, otherwise later when everything is over, the bank will automatically take over, you will not get anything. Better than that, be smart today and send it to them. Pay the money. With the amount that is left with you, make a fresh start, buy a small house, start a small business, you will flourish automatically. Just keep working hard.
Friends, these points are very important. Read with a calm mind, understand and pay attention. And you will come out of the clutches of this loan in which you have been trapped. Stay strong, focus on your actions.
Read This Also:
A Simple Example That will Change Your Life Again After a Disaster