In your financial life, the secret we seek is to save money . After all, we do not try to spend all the money we earn working, fast, right? So let’s talk about how to eliminate your financial toxins in less than a week.
Eliminate your debts
Okay, we know this is everyone’s will. So it’s exactly what we’re going to start with.
For a day, separate all your tickets and your debts that must be paid. One way to get started is by lowering the interest on these debts you pay. If you have old funding, you can do that.
Sites like E-Cred can provide other interest alternatives to your debts.
The step now is to find out how much you owed in the beginning of everything. That is, your initial debt . Then you find out what your current debt is, and the initial one is likely to be much lower. Even because of compound interest.
Finally, also find out the amount you are paying interest. So, collect as much money as you can and pay them all in cash. Try to trade to the fullest.
Read also: Learn how to calculate simple and compound interest
Get rid of expenses
I say this not for clothes or hobbies, but for minimum expenses. The salty bakery, the gym that you will not, the high home bills, the discount not asked for. All these financial toxins can be cut and benefit your economy.
Credit card annuity should also not go smoothly. So, choose the bank well to join and even negotiate, so the debt does not come too high.
So do the same thing as before. Take these your small debts, analyze them and look for a way to cut them off from your daily life.
Exclude toxic investments
No matter how much investment it means to make your money pay more, know there are those who do not pay how much they could make. That is, you are failing to make money.
Read also: How to compare investments: liquidity, risk and profitability
If you have a Capitalization or Consortium not contemplated , know that neither is investment.
Read also: 3 steps to make the best investment
Take the toxic people out of your life
In your day to day, you can notice those negative people. Do not believe that anything you do will work out. Or that encourage you to make unnecessary purchases. They are as bad as the financial toxins.
I’m sorry, but your bond with them now will have to be as small as possible.
But know that the worst toxic person, the one who can put your money at risk, is yourself. So, in addition to eliminating toxic people from your life, change. Do not do things on impulse, think hard before you act.