Ask Leo : can cryptocurrency help in eliminating or settlement of debt ?
Debt is a very crucial part in business and it has affected so many business negatively and as a business person you must plan on how to manage debt because debt can not be left out in business
Using my self as a practical example of one of the business people who has ran into debt several times i can tell you that debt is not a bad thing but if care is not taking it will affect your business and could bring an end to such business
what is a debt ?
A debt can be defined as a sin of money that is borrowed for a certain purpose and a period of time which is to be return along with interest
Why do you need to eliminate debt as a business minded person?
Sometimes it is necessary to borrow for the wellbeing of a particular business maybe the business person is not boayant enough to sustain his or her business in this kind of situation one can found his or her self in debts in other to support and revive the business.
And the reason why every business person should learn or have the mindset or culture of settling Debts is this if a debt is not eliminate in your finances it will affect your returns as a business person and it may bring about the down fall of such business also it could affect the existing relationship between the financial institutions or person giving out funds to such individual
So elimination of debt is very key
what is elimination of debt?
is a very important way to work at paying off debts responsibly which can help you protect your business or investment and also it will help you avoid bankruptcy elimination of debts will help you pay off your debts within a short period of time .
cryptocurrency as a means of eliminating debts
I have been there so i no what am talking about cryptocurrency has been my like saver in several occasions with my debts payment
And it's very easy i payed from the profits i maximize from my crypto activities and savings and with help of this i was able to pay off about 60 percent of my debts
So cryptocurrency has helped me solve part of my debts and that is why I consider cryptocurrency as a means of eliminating debts
However this is personal and not an advice for anyone to follow but if you were able to see it as a solution to your problem it's ok .
ways to get out of debt ?
- List out everyone you are indebted to
- Agreed or decide on the amount you can pay daily weekly or monthly
- Reduce your interest rates
- You must have a strategy of repayment
- Have it at the back of your mind that you have to pay
Thanks for visiting my blog @tobywalter cares 💞💕💞💞💕💕💞💕💕💞💞💕💞💕💞💕💞💞💕💞💕💕
Posted Using LeoFinance Beta
