Debt is a prison and is best to escape as soon as possible!
To you become free you cannot spend more than you earn. Just as simple like this and you gotta commit on that right now.
To become free you cannot spend more than you take in.
To be free you need to be able to meet your own needs, mean you have to have your shelter, you need to have your food, you need to have your transportation, your medical care, your dental care, your eye care, you should be able to take care of your needs.
You should save at least 10% of your net income every month so you can handle occasional emergencies and if you became unemployed you should have aside enough money in the bank to pay for the expenses at least for 6 months.
To help you the best thing you can do every single month is a financial statement.
You add all the debts you have ( every credit card, every student loan, every single thing ) put in one side. The other side the assets you have ( certificate deposits, savings accounts, retirement fund ).
Add up all the debt, add all up the assets and see where you are.
Make more money by doing things you can do to add value and solve problems.
If you wanna to be free you need to create value to something or you solve problems to something and when you create value and solve problems people will give you money.
So like always just do life, be free and have a great week!
-JM