Let's talk about DEBT!!!
By Fiona
@FionaRubi (81)
January 10, 2021 9:14pm CST
A friend the other day shared his struggle with debt that keeps growing as he owes so many people and lending institutions money. He has not been gainfully employed for more than 3 years. All his savings went to paying things like health and car insurance, supporting his friends and family, and he also made a few investments that did not work out. His money ran out, and so he resorted to borrowing.
What this has led to is a huge amount of money he owes, and given that he has no income to pay it off, he is literally drowning in debt. Efforts to get a job have been futile and I fear he is falling into depression.
Have you ever been in a similar situation, and how did you get out?
8 people like this
6 responses
@stapllotik (1933)
• India
4 Mar 21
@FionaRubi Debt isn’t the real problem, the source of the problem is that you need more money.
2 people like this
@FionaRubi (81)
•
11 Jan 21
Great advice!!!! Will definitely recommend this too!!
Thanks!
1 person likes this
@FionaRubi (81)
•
11 Jan 21
Avoid it at all costs. Simone has given an excellent tip up on the comments. Even if your income changes, do not change your life style to an even more expensive one.