Part 7/8:
Focus on Increasing Income: Individuals must seek out opportunities to boost their income swiftly, either by pursuing a career in sales or by starting a personal business. These avenues can facilitate quicker financial recovery compared to traditional employment routes.
Pay Down Debt Aggressively: Following income increases, prioritize eliminating outstanding debts—excluding mortgages. High-interest debts like credit cards should be tackled first, followed by personal loans and then auto loans.
Invest During Hard Times: Once free from high-interest debt, shift focus towards asset accumulation. Investment in stocks, real estate, or cryptocurrencies could provide considerable returns over time, especially during downturns when asset prices may be lower.