Beating the debt cycle

11 steps I used to get out of massive debt

Photo by Viacheslav Bublyk on Unsplash

People confuse entrepreneurship with being a small business owner. Some of these businesses can only buy you bread. If it can’t scale, it’s not entrepreneurship.

“The application process required users to permit data such as text messages, location data, contacts, and call logs to be downloaded so the app could generate a credit score. In her TED Talk, Siroya said it could even take into account whether someone spoke often to their friends or if their location data showed they went to work regularly. The user agreement specified that the company retained ownership of the data, whether or not the loan was approved.”

Writing it down shows you how deep in the mud you are, but it also shows you how you get out. Focus on the fact that you have the power to get out. Use the energy previously reserved for anxiety for positivity and celebrating your small wins

“People who make a specific plan for when and where they will perform a new habit are more likely to follow through. Many people think they lack motivation when what they lack is clarity.” -James Clear

People who live far below their means enjoy a freedom that people busy upgrading their lifestyles can’t fathom. -Naval Ravikant

“Tala’s are typically 180% annualized; on some apps, they’re even higher. About 2.5 million Kenyans — 1 in 10 adults — have defaulted on a digital loan.” Bloomberg



Your voice of reason before you blow all your money this weekend!

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