2. Debt is cancer kill it.
Debt is money we pay to someone else for something they have given us. Its money better off in our families. Debt reinforces the sense that we are trapped in roles we may not want. The debt has to be served. No matter what our financial situation debt is something we all need to get out from under. That money going to service a debt is money that could be used for a holiday, start-up capital for a business or another extra year of retirement. The snowball method is really productive in this matter. Write down the debts in order of amount owed. Ignore interest rates or minimum payments. That lowest capital amount debt is the one you pay of first. Make the minimum on the others but get every spare pound you have or can earn to pay of the smallest debt. Once its paid take that money add it to the next debts minimum payment and so on and so on. The other debts are going down and now you have a large and getting larger amount to use to pay of the debts. Get another job delivering pizzas, sell spare produce, do whatever you need to do to create new capital. It will teach discipline, business principles and that you should never do this again!! If you have a credit card destroy all but one and put that one into a container of water and freeze it. No disaster will be so immediate that it can’t wait for a block of ice to defrost. Remember an economic crash my not happen for another five, 10 years or not at all. And you have to live now.
Sundog Survival 