There are bad debts and there are good debts. Bad debts- loaning money to buy a car that won't be used for business ( Uber, Bolt). Loaning money to buy a pair of shoes, clothes, a piece of furniture etc.
Good debts - loaning money to purchase something that would appreciate in value over time. Real estate, precious metals, commodities etc.
They say poor people have bad debts and rich people have good debts.
One of the popular pieces of advice you'd hear in the Bitcoin space is to never borrow to invest in it.
Despite the volatility, our hope is that Bitcoin will appreciate in value.
Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?
This topic has been worn down countless times, although it is a very welcome one as it talks about the difference between what poor people use debts for vs what the rich people would use their debts out of. Simply put, if you've read Rich Dad Poor Dad by Robert Kiyosaki, you'd be well informed that poor people go on debt for liabilities, while rich people go on debt for assets. Poor people take loans and buys stuff that would make them look rich, cars, better house, phones, the latest gadgets and clothes, all that stuff. And when the rainy day comes, they don't have money left for themselves, they're forced to either take out another loan or sell these purchased items which have already diminished in value, and then the cycle continues. Rich People on the other hand, buys stuff that would make them really rich. properties, commodities, stocks, bonds, anything that appreciates in value, a Rich man would buy it. Now, the magic happens when they take out a loan, as they are essentially making the bank pay for their capital, to make them profit. They take out these massive loans not to buy the latest gadgets and all that, but to buy multiple points of profit that they will then use to pay off the debts they owe the bank, and then from there they basically start smooth sailing. |
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My faith is on CZ himself. As they crackdown on all cryptocurrency activity in the US, this attack against CZ is more like an attack to bitcoin itself with the man being caught in the collateral damage. He's built a pretty nice albeit imperfect enterprise for himself and millions of people that used his service, and it stood the tests of time too with all these multiple bank runs they issued just to see if what CZ claims is true. Plus the SEC hasn't been the most upfront and honest department in the US. All filled with Senile people who barely know what the internet is and how it works, I can't really be confident in their judgement. Binance is regulatory, sure, and must follow within the laws and ordinances of its country of operation, but I don't think there's any real violation made by Binance, that is if you think that I don't know, using cryptocurrencies is legal (which it supposed to be is like what the hell?)
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It's unlikely that all pools and solo miners can form a cartel to launch such attack, and if there's a minority who isn't a part of it, they will mine those fake high fee transactions, causing a loss. If there's a conspiracy to actually include them in block and return the fee to themselves, they still will lose those fees to miners who are not part of the attack, plus they will miss out on the fees from real transactions.
I'm not going to completely dismiss the idea of fee manipulation, but if it's possible, it's likely very hard on practice and there's a lot of factors involved.
It's not about if it's unlikely, because it is definitely unlikely but we all know fully well that pools and miners could do this coordinated attack if they so please. It's all about what would happen, as OP asks in his main post. Now to answer OP's question. With Network Congestion comes people who would wait for the network to be less congested so they could carry out their transaction, sure they don't count for the mass majority but in a large-scale maneuver like this one, they'd be a great clincher. I'd say that when they do decide to congest the network so much that you'd have to pay 10x the usual price you pay for transactions, millions of cryptocurrency users in the world will mutiny, will not create any transaction for let's say, the next two weeks or so, or would boycott the usage of what they assume were the reasons for this fee increase and transaction delay. Utter chaos will commence within the industry, which will only lead to the general public getting whatever they want. |
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Having a central bank digital currencies still does not change anything because the system still remains the same, central bank digital currencies (CBDC) is controlled by the government and this same system can be manipulated. Central bank digital currencies is a financial structure that is based on debt.
The new innovation by the government is a way to imitate bitcoin but still not up to the standards of bitcoin which is a decentralised currency. CBDC is nothing different from an online banking, I'm sure the reason for central bank digital currencies is to stop to stop people from adopting bitcoin.
Central Bank digital currencies can never be a limitation to the growth of bitcoin, bitcoin possess that special uniqueness that no currency can be in a competition with. Central Bank digital currencies was made because of hatred to be like bitcoin.
The change is obvious from the naming conventions itself. Cryptocurrency= Encrypted cash, money that is not only digital, but is hidden away in some sort of internet puzzle that you could solve and then win out of, the prize being the cryptocurrency itself. Central Bank Digital Currencies are well, digital currencies, think of your bank money before you withdraw it, or after you deposit some of it. That in itself is digital money and in some places in the world that very number could denominate value and be used for purchases, be taxable, and such and such. So with that being said it must be obvious to anyone with half a brain that CBDC and Cryptocurrency are not two sides of the same coin. They are not binary, not entangled, not related in any way whatsoever. |
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Good day Sir @julerz12. I'm hoping you could save up a Hero Member Spot for me once one comes available. I just got promoted this week to Hero Member (Yay!) and I'm hoping my pay grade's updated as soon as one comes by. Thanks!
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I am a Bangladeshi citizen currently my country is suffering from severe dollar crisis. Such incidents have happened in our country before. Due to the dollar crisis, several banks went bankrupt at that time and those who had deposited money in those banks lost it completely. Currently, the top media of our country is once again broadcasting various news about the dollar crisis. And they think inflation like inflation may happen in Bangladesh very soon. If things like inflation happen then there is a possibility that many banks of our country will go bankrupt again. I have created a savings account for my children's future and I have already deposited some amount in it but I am in doubt about my money because if my money is lost due to bank failure then I can financially support my children in future. I can't give So I have planned to withdraw the amount of money deposited in the bank and convert it to bitcoin and store it through bitcoin. I hope that as a parent of the child, I have made a good decision for them by thinking about their future.
There are two things I would like to day. 1. Even if banks go bankrupt it doesn't necessarily mean all banks will go bankrupt and the economy will collapse. So to be on the safer side, do not put your money in private banks and put it in government banks instead. The reason being government banks if gone bankrupt are backed by the government and hence the money is comparatively safer there. 2. If you want to put your money in bitcoin for your child's future then do consider the fact that you have to store the coins in a safe place and keep the keys safe. So you have to be extracautious since you will be holding the coins for a long term. Consider buying a hardware wallet from the official site. Exactly. Government banks are still aplenty, and most of them even give out bonuses just for banking with them, presumably as a means to catchup with private banks. He could also look into investing on a form of 401k or a Roth IRA for his son, a trust fund per se. That would really set the kid for the future, and does not carry with it a lot of risks that investing in bitcoin or cryptocurrencies will bring. I would highly suggest you diversify your savings as well, one for emergency, one for your kid, and one for travel and leisure, being the basics. This will help you make sure you don't drain out your savings all at once, and keeps you set at a goal that you want to achieve. Lastly, you might wanna look into other forms of investing, like real-estate and other forms of commodities like gold and silver, diversifying your portfolio gives you the best chance at making sure you turn a profit when push comes to shove. Do this and not only will you secure a bright future for your kid, you'd also be ensuring a nice and dandy retirement for you and your wife. |
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Things are now looking different for crypto in china right now, I thought china will be the most hateful country on crypto after they destroyed so many asics that belongs to crypto miners in the country and crypto mining was also banned.
Now china is now taking the biggest approach to embracing web3 and support some crypto projects, since china has banned Bitcoin over 6 times in the past do you think this is another fake move?
I know that Hongkong is the soul location that's doing all this crypto thing, do you think that the whole country (china) will benefit from this or this case will be that Hong Kong will be the location for crypto things?
What's your belief on these? Are they trying to beat the US to it? Because right now the US is playing dumb with crypto and china sees a better opportunity in crypto, what do you think?how will this end?
Never heard of this news, could you cite your source? Although in hindsight, they have been hinting in the past about creating their very own cryptocurrency (Digital Yuan), so this attempt at embracing web3 and cryptocurrency might just be a preemptive measure they're taking to make sure that the Digital Yuan is fully utilized when it gets launched. Of course, this means that there wouldn't be any effects on bitcoin's price or the outlook of the government over the cryptocurrency giant, they still hate it, they'd probably continue banning it. So we still can't expect them softening up on bitcoin or other cryptocurrencies for that matter any time soon. |
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Why does it feels like Bitcoin is a better fit for store of value than a payment solution?
Is payment the substantial use case of crypto? If yes then where do you think Bitcoin stands? It cost me 0.20$ to make transactions on other payment solution that's not Bitcoin and it costs me over 1$ to make transaction with Bitcoin, isn't the cheaper always the better choice?
Since some crypto coins have cheaper transaction fee doesn't this make such coins a better fit for payment solution than Bitcoin?.and Bitcoin a better fit for store of value
From a newbie's perspective, you really would think that bitcoin is a better store of value than a payment solution, and altcoins a much better payment solution than bitcoin, while this is partly true, it doesn't paint the whole picture in my opinion. For instance, bitcoin is still much cheaper than fiat remittance, what would usually cost you 10% of the whole transaction for cross-country payments would only take you as high as 10-40 bucks in the bitcoin network, and it's faster to boot! Altcoins could pretty much do the same, but they don't have the reliability and the utilities that bitcoin offers. Bitcoin is a great store of value, but at the same time it is not because it is highly volatile and you have to time your purchases right to avoid losses, which most stores of value like gold, silver, and oil do not need. So is bitcoin a greater store of value than a payment solution? I don't think so, I think it does its job well as advertised. |
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The owner of this address bought a million dollars worth of Bitcoin every day from August 11, 2021 to January 1, 2023. https://bitinfocharts.com/bitcoin/address/bc1qw0pswznckx7s6tjmd2f5hrx4q6kc5nyrdxku50Received: 17,536.2628 BTC (517 ins) first: 2021-07-25 last: 2022-12-28 Sent: 17,536.2628 BTC (517 outs) first: 2023-01-01 last: 2023-03-05 Profit from price change: -239,395,601.9 USD Approximately $460 million was spent buying Bitcoin, resulting in a loss of over $239 million. Perhaps this investor did not know that the DCA strategy is better to use for a longer period, or perhaps he found a more profitable investment. To each his own and in my honest opinion you don't really lose anything in bitcoin unless you sold it but that's definitely a big loss to tank. I don't think he did the DCA strat wrongly here though assuming that he has enough time considering he did this in the span of almost 2 years. It's just that his timing is not that great considering the losses that bitcoin took last year from all the drama. Pretty sure he's a diamond-hand too that holds as much as he could before selling, so he's good to go as long as he follows through with that plan. Otherwise if he has already sold most of his bitcoin holdings then he's really in for a massive loss lmao. Losses aren't realized until you sold as they say. |
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Recently, I came to read this news https://protos.com/spanish-police-rescue-crypto-investor-kidnapped-on-holiday/The first thing that came to my mind after reading this was that one should not talk about his crypto investments with strangers or friends as it can pose various risks. If you are active on forums like bitcointalk and involved in trades, you should not give information which can help others relate to your identity. Besides the threats to security that comes with letting other people know you have a wad of money under bitcoin, you are also risking yourself from getting screwed over by your spouse or girlfriends if things went south and you guys get divorced. I read a story just a few weeks ago bout some guy losing out on his investments because his wife found out somehow that he has bitcoin investments, and even though he didn't really tell the wife of anything about it, he was caught thanks to financial statements and tax reports that don't make sense. So yeah, if you want a happy life, keep your bitcoin investments to yourself, you'd save yourself from the peering eyes, and the people who would want to get a piece of your bitcoin pie, as well as legal problems in the future that may or may not arrive. |
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The update goes thus, get up to 10% Cashback by paying with Bitcoin in more than 250 shops across Lugano. Lugano is a city in Switzerland.This is for sure the best thing I have seen on the internet today. From my POV it is a win-win both for the buyer, the business owner, and Bitcoin. How? The buying saves money. The business owner gets an increase in revenue because they would experience sales increase. People love discounts. For Bitcoin, more increase adoption in that city. Sincerely wish to see it spread to other cities and see more shops get involved. So, if you are in the city of Lugano, you know what to do. * https://twitter.com/LuganoPlanB/status/1664548340950769671?t=K79BxSdTKnsJ3i40ZzpNKw&s=19 Good one, I must say. But this will mostly cater towards people who are already using bitcoin, and not the ones who aren't. You have to understand that no amount of price could top the customer's convenience, they know that so well and thus would rather just pay the bill outright than be taught for 5-10 mins on how to create a bitcoin wallet, transfer their funds there, and then pay stuff. In my opinion, there has to be a more aggressive take on this, something along the lines of, "You get something for free if you download and pay us with a bitcoin wallet" or something similar. This way, people that are not within bitcoin's reaches back then would be at least more enticed to use bitcoin now. |
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Atomic Wallet has suffered a serious security breach which has allowed hackers to steal user funds[1]. It is not only on Windows, but also MacOS (Linux I'm not sure. You should not assume your funds are safe.) Huge apologies, I meant to write unsafe but somehow the autocorrect changed it to "safe" which is completely false.The so-called non-custodial wallet must have been sending your wallet info to their servers, that's the only way the hackers could've got to it. Steps to perform right now: - Please note the assets that are in your wallet and their derivation paths[2] (if you must type in your password to do this, do it while you are disconnected from the internet. Do not reconnect until Atomic is completely uninstalled.) - Uninstall Atomic Wallet immediately. - Sweep your funds to a Bitcoin wallet, your ETH funds to an Ethereum wallet, your XMR funds to a moneto wallet, etc from inside the wallet software - Do not make any transactions from Atomic Wallet. If you need to transfer obscure tokens, swap them on a centralized exchange for a decentralized asset such as Bitcoin or ETH.
[1]: https://www.cryptopolitan.com/atomic-wallet-users-report-losses-as-platform-falls-victim-to-hack/[2]: https://support.atomicwallet.io/article/146-list-of-derivation-paths This is most likely a data breach, but a really nasty reveal of how these "self-custodial wallets" aren't so "self-custodial" at all. utterly disappointing. The so-called non-custodial wallet must have been sending your wallet info to their servers, that's the only way the hackers could've got to it. People are complaining that their coins got vanished out of the blue. How can someone steal the funds without the seed phrase ? It's really shocking to see a non-custodial wallet get hacked like this. This shows our coins aren't safe anywhere. While the investigation is still on, it makes me wonder if all the non-custodial wallets are risky. Any of these wallets can suffer the same fate. Someone got a hold of sensitive data from the Atomic Wallet's servers, supposedly from a security flaw within the piles of codes that atomic has made. They abused such flaw and then from there, the hacking of wallets begun. Picture it this way, you're renting an apartment (atomic wallet user) from your kind landlord (Atomic Wallet itself), you have your key and all that to protect you from thieves, but at the same time your landlord requires a copy of every key you would have for your apartment as well, until such a day came around when your landlord's main abode got broken into from a security flaw, and then from there the pandemonium begins as the thieves got a hold of every key in their property, stealing everything they could from every room. That's basically how it went down. |
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Apple's about to go ham this coming WWDC, releasing new variants of their devices and a supposed "new technology" to be included in their roster. I think they'd be a good addition to every one's portfolio, or at least something that you could stock more on if you have these already. In any case, usually the top 5 performing stocks are the best ones to buy so keep a close eye on those assets. @OP am very sure you are fully aware of btc and its huge potential otherwise you won't be in bitcointalk forum to ask which stock to buy. So i will assume you already owned some btc and you are looking to diversify, if this is the case you should rather consider doing extensive research on that and also joining any related forum for better understanding on stock investment. i doubt you will get the advice you are looking for here since this is a crypto zone and everyone here are crypto enthusiast.
He's literally just asking for stocks to buy, he most likely knows the ins and outs of the industry already and are just asking for outside opinion. I don't see what's so wrong bout you guys who always comment shitty replies like these like jesus christ, of course he already knows about crypto otherwise he won't be here. Least you could do is actually give him ideas. |
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The btc and other crypto dont need comparsion with fiat currencies.
For example If saudis and OPEC Will sell oil and accept btc or other crypto then it's end of the dollar.
But the point is that currency in order to succeed need to have commodities relation.
The bitcoin itself is commoditie so btc cant be currency...the oil is commoditie and gold...so u cant buy food with oil or gold neither with btc yes you can but the rule is that commoditie is commoditie and currencies are currencies.
So you need currency what are the currencies?
Currencies Are now If we talking about crypto then stablecoins.
It's very real that world commodities gold oil and food Will start accepting stablecoins for payments.
The crude oil is biggest commoditie in the world with biggest market Cap so If any currency Will be dominant in OIL trade then this currency will be the king.
And likely USDT or USDC Will be used for oil trading since other country Stablecoins Are not so well developed then USD Stablecoins are developed.
But only one thing is missing.... there Are no proper network of ATM machines so people can exchange Stablecoins instantly to cash like people in brazil allready can Do it they are lucky they don't need banks it's proven that unbanked people can use USD stablecoins.
Most likely the old USD will be replaced by USDT or USDC with new digital currency the digital dollar and new cash bills Will be invented becouse in order to have legit currency widely accepted the paper bills are required aswell.
So now the brazil showing the light to other world... Slowly world start following to brazil to get Same things done and once this thing is done nobody really don't need Banks anymore, brazil can Do it then we other countries can Do it aswell.
The future is real we probably have USDT ,USDC paper versions aswell as digital ones.
Good times ahead things gona be better much better more financial freedom and more ways to earn good money
I know you're well meaning and all but from an outside perspective this is what it's going to sound like: "Hey, I want to buy your oil, a commodity that was proven vital to sustain human life and society for years since the Industrial Revolution, we won't use your regular dirty Fiat, no we will use this coin with 10+ years of market tenure, and held by a few million people in the world, it's also volatile that it could zero out in a matter of days, but hey don't worry cause it's way valuable now and it could pump in value in the future!" You see the logic? It's not gonna sit well with them, you might even get a boot in the face if you tell this to big business and oil tycoons. Bitcoin is great and all, but it has yet to prove itself in the external market. And with the recent crackdowns on its usage from different countries across the globe, this just makes it harder for bitcoin to earn a seat in the top-tier echelons of commodities. Until we solve that issue, bitcoin and other cryptocurrencies as you put it, will not be accepted for any other purchase, especially for large-scale purchase of stores of value and commodities like oil, gold, and others. |
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Teaching children on bitcoin is like the latest threads in the forum. It is good to tell our children about bitcoin in their tender ages but destiny is not something you force someone to achieve. Just like the general saying that "You can take a horse to the river but you cannot force it to drink the water". That's, it is good to tell your children about bitcoin but you cannot force him or her to learn bitcoin if it is not in the mind of the child and if that is not the child's calling in life.
Just like another instant again, it is a Ghanaian Play called "Sons and Daughters by Joe De Graft". The father wanted his daughter to study law while the some for medicine but the boy wanted to study Fine and Applied Arts while the girl wanted to study Theatre Arts but the father refused. There was a day the boy's friend drew Ghanaian President and the picture was bought with a very big amounts of money which was about millions and it was broadcasted on National TV and Radio Stations and the father heard about the news and he called his children and advised them to study what they like.
I think that play is a very big lesson to everyone in the contemporary world. So if your children are not interested to learn bitcoin please don't force them. Everyone has their own destiny.
It's not like you can force your kids to like something that they don't in the first place. But it pays to teach them at an early age of what bitcoin is and how it works. Young kids' brains are pliable and are sponges for information and knowledges, which is why it's best to teach children valuable life skills and know-abouts as early as you can. And it's not as if it's detrimental to teach kids about bitcoin in the first place lmao. What's the worst they can do? Buy high sell low? Nothing about teaching bitcoin to children is forced at all. You either teach your kids about it, they absorb and learn it, or you don't teach them anything and have them figure out bitcoin later down the line. |
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Why is the increase happening now, is this because of the hypes of ordinals( which I saw have crossed 10 million inscriptions)? Or the increase in transaction fee is enticing for people to consider mining?
Before Ordinals and Inscriptions, bitcoin mining hashrates has been increasing, reaching all-time-high. If the hashrate is increasing, more blocks would be mined easily before 10 minute average, but increasing the mining difficulty helps to keep the blocks mined to be 10 minutes on average.  https://www.blockchain.com/explorer/charts/hash-rate So what does this have to do with Ordinals and Inscriptions? Are they the reason why less bitcoins are being mined, are they congesting the network that much? I need answers!! Anyhow, I don't think the increase in mining difficulty is detrimental to the whole industry. as you said increasing the mining difficulty keeps the blocks from being mined much faster, which I would think depletes the whole supply of bitcoin a little faster which in turn is bad for the industry in the long run. So with that being said it kind of helps the industry stay afloat and topical, and these miner manufacturers to be more efficient and powerful with their rigs and miners to be released in the future. I've heard that it's gonna take at least 120 years to mine the remaining 2 million bitcoins, does this chip off of that 120-year furlough or are we still within predictions? I'm really curious. |
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Some will call this a stupid question 😅 but yea, it's just something that came to my mind today after giving a lot of thoughts about Bitcoin.
No stupid questions here OP, but some threads will definitely be deleted if it's low quality. Is possible to open a personal savings account in the bank and always send money to that account and when you are ready to collect the money, bank will give it to you, my question is, is it possible to also creat a Bitcoin wallet and always send Bitcoin to it as a savings? if you do that for some year without going back to the wallet, will anything happen to your Bitcoin or the wallet?
Yes, but that will be a self-custodial savings wallet that you couldn't give access to other people. As for your question with whether something will happen to your bitcoin or your wallet, that is purely situational. - Have you done your research, bought yourself a decent cold wallet that is completely shut off from the internet?
- Have you learned the basics of bitcoin, including how to facilitate transactions, like sending and storing money? Are you confident enough to do it yourself?
- Have you made sure that it is you and only you that will have access over that wallet? This includes making sure that all transactions are one-way (personally) as much as possible
- Have you imposed contingencies in case you forget your pass keys, private keys, or seed phrases? Losing these will mean losing your wallet forever, so be very careful with these codes
If your answer to all of these is yes, then you should have a smooth sailing experience with bitcoin and you could start as early as you can with storing your money. |
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Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ from Freedom Flex after using over 600$. He also mentioned other like capital one
What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?
It's kind of but it's not really at the same time. If you're confident that you're not gonna use your credit card as your backup bankroll for when you lose your money on a gambling session (and I say this with a massive cup of salt) then go for it. Otherwise if you're having second thoughts about using your credit card cause you feel like you may have a tendency to go overboard sometimes with your spending habits, or you think you might abuse your credit card's leniency and convenience by withdrawing money from it every chance you get, then don't. It's better to have no debt than more money, and using your credit card to fund your leisure is fine and dandy but for something that involves high-risk no-return stuff like gambling, I wouldn't really recommend it. But you do you bro. |
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 Since the beginning of the war between Ukraine and Russia, various restrictions have been imposed by the United States. When Russia' get banned from SWIFT, the country has faced great threat on trade. But they didn't stop. They continue to fight and adopt new strategy. Russia is a big country in gold production they produced about 325 tons of gold annually. If Russia can't sell that produced gold, it will have a big impact on their economy. And considering that, the country decided that they will sell gold at a relatively low price. On the contrary, the United Nations is imposing various restrictions on other countries of the world. But the three countries are keen to buy Russian gold. UAE, China and Turkey are buying Russian gold according to their capacity. Currently Russia's big gold buyer is United Arab Emirates. UAE buy 99.3 percent of Russia's gold exports. Almost everyone knows that UAE focus on gold reserves and their stock is increasing day by day. Last 3 Years UAE Gold Reserves At a time when most countries are devastated by the war, some countries take advantage of the opportunity to acquire huge wealth. But if the poor countries go to buy something, they are harassed and banned in various restrictions. Don't you think this policy is cruel to poor countries? I mean that's the business of it. If you're a weak country you can't really afford making those risky decisions cause barring and a lot of restrictions will be imposed upon you. Bigger countries like UAE and a couple more could afford to face the wrath of the US cause what the heck are they going to do? Nuke them? I don't think so. It's just how the way things go and I think that's actually a little smart than being fair to everyone and outright imposing restrictions on all countries who supported Russia in one way or another. That's going to seriously hurt the world economy even more and may even just set in recession if left unchecked. Plus it disallows these countries from strengthening ties with Russia as most alliances nowadays come the in form of collaterals (I've never heard of diplomatic alliances on the news lately, so correct me if I'm wrong). |
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It's a good strat that I may have used unknowingly in the past, but for stuff that are needed to be paid on specific due dates, it won't work well as you said. If I were to advise people (with debts like that) on what what strat is best for them, I'd say it's the abstinence method. Basically, you stop any form of unnecessary expenses, tally up how much you've been spending over those stuff, and be hit with the realization that you spend this much over stuff you don't need. Once that sets in, stop all of those at once, and immediately pay off your debt, with those that are set on due dates being the highest priority so as to not incur interest charges. If that's not gonna cut it for you, I suggest you take up another debt, build up a surefire business (online selling of gadgets and tech services for mobile phones, or essentials like food and baby goods) and use the profits to pay off all your debts. This is a little riskier than what I have listed prior but this will not only stop you from taking debt if the business took off, but will also enlighten you in the world of entrepreneurship and would set yourself for financial freedom later down the line. |
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