We must control the interest cost. Financing has a cost. The financing cost of credit card is about 7%, the charge for card swiping is 0.6%, and the installment charge is 0.75%. If you compromise, it will be about 0.7%. Of course, many people don't know the minimum repayment amount. If there is overdue penalty interest, the monthly interest is generally above 1.5%. For credit cards, this is a hidden micro-credit loan. "

Then, the interest rate of online loans is generally around 1.5%. There are many small lending institutions or installment financing platforms like micro-loans, and the monthly interest rate is generally above 2%. At present, the national regulation is relatively strict, and the interest rate is generally controlled within 3%. However, many institutions will increase the so-called insurance or other fees, and interest rates will also rise. Needless to say, private lending, interest rates above 3% and 5% are very common. Everyone will understand that if you want to raise money, try to choose a bank. If there are bank credit cards and online loans at the same time, you can get more funds through the arrears of banks and online loans and reduce the interest cost. I don't know the interest of many loans, but I am still shocked by the calculation.

Second, recognize your debts.

Many people usually drown their sorrows by drinking, robbing Peter to pay Paul, and borrowing high interest at low interest rates. There is still room for survival. Such an operation will ruin themselves. And now there are various intermediaries on the market, and many people have lost money. At least, the bottom line of making money is that you don't care what happens when you are in debt. As long as they can complete their own performance and realize their own profits, it doesn't matter to them whether the customers live or die.

Debt, many people will be afraid, and many people will gradually realize the importance of credit reporting. How do you choose between credit reporting and life? Most people will choose credit reporting. This is the legal effect of finance, so they keep borrowing usury to pay back the bank money, and eventually countless people have no way out. I don't want to say anything here, just want to be vulgar. Life is worse than death, isn't it?

Examples of college students jumping off buildings through online loans are often seen in newspapers. I don't even know what they think. Is it worth ending their lives for tens of thousands of dollars in debt?

Third, we should increase revenue and reduce expenditure.

The monthly salary is 3,000 yuan, the debt is 50,000 yuan, the monthly salary is 1 0,000 yuan, and the debt is 300,000 yuan. How can you get the principal of the debt? I believe that many people are facing this situation now, but many people are afraid to face it.

The third point is familiar to everyone. This open source is to make more money and increase income. Only in this way can we pay off our debts. Otherwise, the interest of financial institutions may never be paid off. Everyone has everyone's circle, and everyone has everyone's way of making money. Anyway, persistence is inevitable. How to persist? How to make money?

Each has its own way, and benefits can be achieved without input or less input. I believe that everyone is eager for profitable projects, and profitable projects need time and accumulation. They all need to persist, be their most familiar industry, follow the most professional people in the industry, and cross paths like mountains.

However, if you really change careers, if you want to gain a foothold in the new industry, you will have to work harder than others at the beginning. Thousands of books is not as good as Wan Li Road. It is better to read countless people. It is better to be instructed by a famous teacher than to read countless people. You might as well do it yourself. Every stage is a process, and you think you can start using force without going through the previous stage. That's a fable. Well, I'll share it with you today, hoping it will help you.

Related Q&A: People are cornered by money. Is there any way to adjust their mentality? Thanks for the invitation, people are cornered by money, and only seeing money every day is the fastest way to adjust their mentality.

We can see hope from the following points.

1, pawn or sell valuable things at home, no matter how much, take some cash in your hand as soon as possible. If you don't have any money, you will panic. If you have some money to solve your life, you will feel safe. That is the old saying: If you have food at home, you will not panic.

2. If you have some money, don't rush to pay your debts. If you are driven crazy by debt, don't ramble about borrowing money to pay off debts, because now you have to solve the problem of life, that is, the problem of family survival. If they lose their living expenses and pay off their debts on temporary credit with what little money they have left, the family will really be cornered.

3, you must accumulate some money as soon as possible, and it is best to find some small businesses to do, because small businesses can let you see cash every day, no matter how much you earn every day, you will not be so flustered, and find the rest later, so as to restore your confidence in life faster.

4. One person in the family works hard, and it is best to finish the work on a daily basis, while the other person cleans up the debts quickly. When money matters are annoying, there will always be one more person at home, and my heart will not be so anxious.

To sum up, I think we can sell valuable things first, save some money, or save some money at work. Don't pay off the living expenses, but do some small business. These methods are extremely useful for adjusting our mentality.

This is my personal feeling. Adjust your mentality as soon as possible and restore your confidence. Seeing money every day is the fastest way.

I'm Lao Yuan from the Middle-aged Business Alliance. I hope my answer can help you. You can also buy my column "How to Overcome Fear and Face Reality", which is helpful to you. Pay attention to private message forwarding and let more people get help.