Download the ffreedom app from the Play Store or App Store to learn more about this video - https://ffreedom.com/yttelugu
Finance Planning In Telugu | How To Get Out Of Loan Debt | Good Loan vs Bad Loan | Kowshik Maridi
Being in debt can be a stressful and overwhelming experience. However, with the right strategy and mindset, it is possible to get out of debt and regain control of your finances.
The first step towards getting out of debt is to identify and acknowledge the problem. Make a list of all your debts and prioritize them based on interest rates and payment terms. Cut down on unnecessary expenses and find ways to increase your income. When it comes to loans, it's important to differentiate between good loans and bad loans. Good loans are those that help you build assets or increase your earning potential, such as student loans or business loans. Bad loans, on the other hand, are those that have high interest rates and no productive use, such as credit card debt or payday loans. By adopting a disciplined approach and making smart financial choices, you can get out of debt and achieve financial stability.
Watch this video till the End to know more about Good loan and bad loan.
Courses on Personal Finance
https://ffreedom.com/telugu/personal-finance-courses
ffreedom App is India's No1 Livelihood Education platform featuring 960+ video courses on Personal Finance, Business & Farming taught by super successful people from respective fields. Join over 80 lakh learners from India who are on their mission to increase their income by 10 times.
#financialplanning2023 #financetips #finance #loan #debt
Experience CIS’ new Outdoor Discovery Centre and get a sneak peek into how CIS’ Kindergarteners…
Secretary of the Interior Deb Haaland fought back tears as she described the emotional scars…
Export-Import Bank of the United States visits Beta Technologies
Richard Matern, director of research at Food Bank Canada, on factors contributing to food insecurity…
Customers of Macquarie Bank will no longer be able to withdraw or deposit cash from…
✍ Join the ACADEMY here: https://www.patreon.com/tomnash ✍ Try STOCK MVP here: https://www.stock-mvp.com ✍ Join our…