Freedom Financial Debt Relief

The words "Freedom Financial Debt Relief" become 4 words but consist of two elements namely "Financial Freedom" and "Debt Relief" which are put together to become one purpose, namely by getting debt relief, so that one day it can get financial freedom.

Illustrative image (Picture: financeideas4u.com)

It should be admitted that debt relief is indeed very contrary to the hope of being financially free. Therefore, what must be considered is to settle all the debts first so that you do not have the moral burden and burden of the mind to step someday in the future.

Freedom Debt Relief Job

Okay... Now what does Freedom Financial mean? Of course, financial independence is defined as a condition where a person is free from all types of debt, has a passive income that can meet the needs of life, is financially protected from all risks, and is no longer dizzy when it comes to spending money for fun.

Of course, the purpose of financial freedom is very opposite to debt relief, right? For this reason, the debt must be settled immediately at all costs.

To realize financial independence, we are all required to have good financial planning. But the problem is, financial planning is never taught in schools. Therefore, not everyone has a good education about this one.

Similarly, the meaning of this "Freedom Debt Relief Job", of course, is very opposite to the theme above, but from all that is meant, the hope is still to be able to get financial freedom, whether you are free from debt by getting debt dry or currently getting a relief job, the important thing is that in the end, you can get financial freedom.

Pay Off All Debts

To achieve financial freedom, you urgently need to record your debts and pay them off immediately.

Make sure you immediately pay off your debt even if it is used for productive purposes such as business capital. The debt you borrow includes Unsecured Credit facilities, online loans, and credit cards.

If it is too difficult to pay off the debt directly, you can repay your debt until it is paid off. The ideal portion to repay debt is 30% of your salary so that you can become a financially independent person.

Have Passive Income

In addition to checking your expenses and paying off all debts, you should also have passive income that can support you to be financially independent. Passive income that you can have is an investment. You can earn passive income through stock savings.

Saving stocks can provide returns in the form of profit margins between the difference in selling and buying prices of shares. The return on selling shares is categorized as an investment because the profit on selling shares can exceed the increase in the price of goods/services every year.

Thinking about long-term investments

Do you want to invest and choose a specific investment instrument? Don't hesitate to consult an expert.

You also need to be realistic and understand how long-term assets work. If you want to invest long-term, consider investing in the capital market because of the potential for considerable returns.

That's today's interesting information about "Freedom Financial Debt Relief". Hope the information is useful.

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