Avoiding Debt: 5 Activities I Refuse to Engage In
Written on
Chapter 1: Understanding Debt
When it comes to managing finances, I've learned that certain activities can contribute to my debt burden. Fortunately, I choose not to engage in these five behaviors, which helps me maintain my financial stability.
This paragraph will result in an indented block of text, typically used for quoting other text.
Section 1.1: Gambling
Gambling is often seen as a way out of financial troubles, but I know better. The odds are stacked against me, and losing brings its own set of frustrations. My temper has led me to consider destructive actions when faced with losses, which would only add to my financial woes. The idea of hiring someone for arson isn't appealing; I can't even file a complaint with the Better Business Bureau for poor service in that area!
Section 1.2: Substance Abuse
It's no secret that substance abuse can be incredibly costly. Illegal drugs are typically priced for the affluent, and that feels like an injustice. Even prescription drug dependency can lead to financial ruin, especially when access to healthcare is often limited to those who can afford it.
Chapter 2: High-Risk Investments
Engaging in risky stock market ventures is another gamble I choose to avoid. If you're like me and dislike losing, the stock market isn't the right path.
10 Things NOT To Do with Your Money
In this video, learn about ten financial missteps that can lead you down a path of debt and despair. Avoid these pitfalls to secure your financial future.
Section 2.1: Motorized Vehicles
I also refrain from owning any motorized vehicles, including cars, motorcycles, or boats. The ongoing costs of fuel, insurance, and maintenance are simply too high for my budget.
Section 2.2: Extortion and Bribery
Finally, the world of extortion and bribery is a slippery slope. To engage in such activities, you often need capital to start, which I simply do not have. It’s a dangerous game that often leads to more trouble than it’s worth.
I Gave Up These 5 Things & Became Wealthy!
This video discusses the five habits that, once abandoned, can lead to greater financial success and stability. Tune in to learn how to transform your financial life.
If you find yourself engaging in any of these activities, I'd love to hear about your experiences. How much do you typically earn from such ventures? Have your rates changed with inflation? Thanks for reading!