Navigating Debts and Financial Struggles: A Personal Journey and Strategies for Overcoming
I do consist of those lucky who don't have a debt to pay. Life is really good if you don't have anything to repay especially banks and other platforms that do provide loans instantly. Now taking a loan is really important these days you don't have to visit banks anymore Your loan will be approved in a few clicks. Isn't this amazing? Yes, it is if the interest is low but if the claim is higher and your amount is used then things might be hard for you. You can relate to me if you ever took a loan. I used to take loans from my friends with zero interest of course. And I do have heavy top repairing it on time or sometimes maybe before time.
It does feel really awkward if I have to pay I don't want things to get messed up due to that. If I do have to pay EMI and I do try to pay on time I don't like skipping installments because that is gonna charge me of course. This is how these companies earn.
Although I do try my best to keep myself out of the debt things didn't work as you planned all the time. Sometimes we do have to change our plan according to the situation. From last year till now things have been pretty messed up for me. I have changed my investment strategy a lot of times in the past year. I am still struggling to be regular with my investments. I do want things to work accordingly for me for the past few months. So skipping my investment is the best thing I can do for now.
I do think having more than one source of income is really important, it is really hard to survive on one source of income. If you are earning a good chunk of money then things might be different for you but still more than one is always better right? I don't have a second source of income right now but I do consider Hive as my second source of income or you can say my emergency fund. I used to have around 1K HD in my savings but as you all can see the price of every crypt as is low so I converted it into the liquid hive. Honestly, that did help me a lot in growing my hive power very fast.
I am trying to diversify my passive income with my current hive power. But due to ongoing that it is really hard to concentrate on that I am powering up almost all my posts from the past few months. It is showing the result of course, but now I think it's time to change my strategy a bit due to financial issues going on. I do have to make it 50- 50 from now on maybe not kind of confusing. What do you suggest?
I am planning to increase my hbd which is also my emergency fund added 100 HBD this month but not sure where the money is going. It's almost the end of this month but still, I am worried about the following month's expenses 🙂. Life is not going well for me these days not sure how long this is gonna happen but these days I am a little bit is stressed and worried about my current situation. I am trying my best to do my regular stuff but sometimes it is not working out.
I did get more worried after calculating the amount of debt we had to pay. You know the world's parties the vast amount is alone that we have to repay to the bank and the interest is not good It's almost 11%. The house renovation work is going on to, loan installments, bills, and other expenses. It is really hard to handle all the things. I think by the end of next month the worth will be finished then we will know the exact amount we have invested in the renovation of the house. The rough calculation is around 40 lakh INR (not the total loan ) For now not sure how much amount it will be after all the work when we finish.
I have broken a few of my ongoing investments to pay the bills of materials and other things. Although I don't want to do that I don't have any more options left other than that 😐. So I think I have to start from zero next year maybe things will be smooth for me let's hope for the best. Yes, I do have I am not gonna sell any single hive for now but I will take out some HBD in a few months to repay the loan as fast as possible really grateful for that Thank you so much.
see you in the next post, till then Keep learning and keep exploring...
If you are not playing the splinterlands and Golem Overlord games then feel free to join my referral 😁
My splinterlands referral
My Golem Overlord referral
few posts from my past that might be helpful for you.
- 10 daily comments ✅
- Ecency Boost ✅
- Help others ✅
wish me luck 😅
Thanks a lot for staying till the end 😃🙏, let me know what you think.
Never forget one thing you should be grateful for because what you have someone has a dream of that. So learn to be grateful. Be Thankful.🙏😀
Thanks a lot for being here, let me know what you think.
 |
 |
 |
 ) |
Thanks & Regards
@bhattg
-----Together we will make this a better place-----
Your content has been voted as a part of Encouragement program. Keep up the good work!
Use Ecency daily to boost your growth on platform!
Support Ecency
Vote for new Proposal
Delegate HP and earn more
!giphy thank you
Via Tenor
@bhattg, @pixresteemer(6/10) sent LUV. | connect | community | HiveWiki | NFT | <>< daily
! help(no space) to get help on Hive. Info!giphy thank you
Via Tenor
Nowadays economic crisis are impacting everyone of us badly. Little investment and saving are blessings in disguise in the need of hour. Just keep pushing brother. May God helps us all through this difficult time.
Indeed bhai, thanks for stopping by means a lot. I am trying my level best to get rid of the current situations , thanks. This time shall pass too. 😐
This post was read, approved and voted by the curator @pataty69 and followed by the curator trail.
I wish you continue to contribute with interesting and quality publications to the Hive blockchain.
Este post foi lido,aprovado e votado pelo curador @pataty69 e seguido pela trilha de curadoria.
Desejo que continues a contribuir com postagens de interesse e qualidade para a blockchain Hive.
Translated and formatted with Hive Translator by @noakmilo.
Gif by @doze
!giphy thank you so much
Via Tenor
This post has been manually curated by @steemflow from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share more than 100 % of the curation rewards with the delegators in the form of IUC tokens. HP delegators and IUC token holders also get upto 20% additional vote weight.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @steemflow by upvoting this comment and support the community by voting the posts made by @indiaunited..
This post received an extra 20.00% vote for delegating HP / holding IUC tokens.
!giphy thank you
Via Tenor
Oh,yes.You wrote all about are really interesting.
Anyway ,we must try our best.we decieded to get better for future success...!LUV !PIZZA
@bhattg, @uthantzin(7/10) sent LUV. | connect | community | HiveWiki | NFT | <>< daily
! help(no space) to get help on Hive. Infothank you so much for your compliment means a lot to me.
!giphy thank you
Via Tenor
$PIZZA slices delivered:
@uthantzin(6/10) tipped @bhattg
I always try to avoid loans. Not only me but also my father avoid taking loans because he thinks a loan is such kind of thing which will never end.
Current time we all are facing bad times and I think multiple source of income is very necessary in the current time unless you are receiving a huge amount of salary.
that is good to know brother, No one really wants to take a loan brother but sometimes we have to. it is really a good thing to have more than one source of income. this time shall pass too.
!giphy ture
Via Tenor
I am also not in favor of having debts on your back, but at some point it happens to us that we have to make an expense out of the ordinary.
I got residential internet service, and it's a relief, but now I have a debt that I took on to be able to do the installation and to pay for the materials. Cases like this, in which we cannot avoid debts, can happen to us without having to look for them.
But it is certain that I will not procure more expenses until I get out of the engagement.
yes, sometimes we have to take debt even if we don't really want to take it. Not all the time situations are in our favor for sure. thanks for stopping by and sharing your thoughts sir Have a great day and week.
!giphy true
!PIZZA
Via Tenor