Every month my compulsory loan repayment is about 777 usd. I paying 359 usd from my wage so I have a gap of 418 usd a month to fill.
Discussion
How do you fill it?
locum (part time jobs), trading accounts, that is the only way i can think of. haha.
Loan for what?
quite a bunch of thing. a portion goes to dumb investments, a portion for the car, a portion for the house.
The first trade account, with 1000 usd, can estimately yield 215 usd a month. of course with market uncertainty this fluctuates but that is approximately how much it is.
The second trade account, with 1000 usd can estimately yield 293 usd. the combination of both is how i repay my monthly loan. haha
but i still saving up for the accounts tho. still short by few hundreds
gosh oh my grammar.
Many people have the wrong idea about debt. But the reality is that debt can be not only good, but sometimes the only way to get ahead. You just need to make sure that you use it correctly to buy assets that pay the debt back by themselves, and not to spend on liabilities and consumption and other unproductive things.
learnt that the hard way. unfortunately the only but major liabilities i had was taking up a huge loan to go "crypto". that mess my financial cash flow really bad. haha
i use a decent 10 year old car, live in a small apartment and do cost cutting measures in everything i do now. but life is cool. just looking at the bright side of everything.