93. What happens if you don’t have enough income to cover all your debts?
導向成功的金玉良言 --- 成功秘碼 8條
Getting out of debt takes more than just making money to pay back what you owe. You need to eliminate the source of your debt. Never take on new debt to pay for old ones. Only then can you be truly free from debt and escape the curse of poverty.
Seeing how real estate prices keep dropping, it isn’t so unthinkable that one day you may wake up to find yourself upside down in your mortgage, your dream dissolving into nightmare, your pride and joy swallowed up by regrets and desperation.
Property owners desperate to get rid of their houses and the large number of bank-owned properties can keep dragging down the real estate market in the United States until it crashes. Real estate development and construction may come to a halt; financial institutions may be forced into bankruptcy, buy-outs, or simply close down. Consumer spending has also suffered a universal decline, further delaying a global economic recovery.
Life is like walking on a high wire— the slightest misstep and you can plunge into the depth of oblivion. To avoid making such critical errors, you need to stay alert, and always think before taking every step.
Taking on new loans, especially from loan sharks, to pay for existing loans can only put you in a deeper hole.
A bad economy and falling property values can drive you to the brink of desperation. The best solution is to lift the one greatest burden off your shoulder—your mortgage payment. Only then can you free yourself from the entrapment of endless debts.
「如果經濟不好，房價又不斷下滑 ，逼得你走投無路時，最好的方法是你趕快去丟掉你最大的包袱 ---- 房貸Payment ，這樣你才能徹底的解決債務問題，脫離困境。」
When in debt, you must strive to earn more money to pay it off. Yet for some property owners, the only right thing to do is to put an end to the main source of their debts.
What happens if you don’t have enough income to cover all your debts? The only way out is to put an end to the main source of your debts.
「如果「收入不夠、負債又過高」你該怎麼辦？ 唯有快速切斷你最大、最主要的債務的來源 ，這樣你才能解決你的債務問題。」