w to Get Rid of Debt in Five Simple Steps Being in debt is no doubt a stressful experience. Unexpected circumstances may change our situation. Losing a job, getting in an accident, or increased obligations make it hard to repay a loan. Sometimes being in debt is inevitable. While 30% of all workers in the United States are self-employed, these entrepreneurs often have to rely on debt to keep their businesses running. On the other hand, debt may also be a result of uncontrolled spending or a mixture of the two. However, whether for personal or business use, debt can be debilitating. Implementing practical ways of how to become debt free is a good start. FIVE PRACTICAL WAYS TO BECOME DEBT FREE 1. Make a Conscious Decision to Stop Borrowing Money The best way to start getting rid of debt is to stop depending on debt and credit for funding your lifestyle. If you don’t have the cash to pay for something, simply don’t buy it, especially on credit. Make an affirmed decisio...
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