Inspiration for People who wish to Recover from Debt Trap

Issued in Public Interest

At many instances of life, it could have happen to you that you feel yourself to be lying in a dilemma or a situation with all options tending to be not feasible. A middle class family in India faces several circumstances that surround the family residence with problems that could be related to finance, politics or any such issue which could even be a sort of threat to their life. People often loose hope if they are caught in a debt trap and they do not wish to overcome their problems.  They simply lie on the bed watching the full moon with a dream that some angel will shower upon them millions of currencies to end up their problems. This may happen in some silly movie or the rarest of rare miracles, if you are the 0.000000000001% luckiest one on earth.. But as a matter of fact, 99.999999% of the people do not fall under this category. If you have fallen into a debt trap, there are definitely several solutions which are theoretical but if implemented, they can yield wonderful results.

One of the first thing you must do is to calculate your complete debts..

Is it a 10,000$ debt or a 60,000$ debt? Well, even if it is a MILLION DOLLAR debt, it's your confidence and enthusiasm that can get you rid of the HUGE debt trap . Rome was not build in a city and certainly, the debt must have evolved since years for something that needed urgent funding and there was no other commercial source available.  Some of the people are lucky enough to have "RICH" relatives and friends.. but what about those who don't have such contacts..??? Does this mean that they should stop putting efforts to end up the debt? ..

The answer is simply A BIG NO!!!!
Definitely, there is no "mighty" question which does not have a answer.
According to Physics, Even the IMPOSSIBLE questions have "definite" answers under certain conditions.

Russi Mody in a personal interview with a media person said that "If you can control time, you can control your destiny".  It is a 101% true thought and it means that if you are able to manage time skillfully, you can change your destiny.

Lets come back to our initial discussion that is related with DEBT-TRAP.

If you are into any sort of debt, you must understand that you have to pay it back.  Before taking any debt, do realize the after-effects and litigations that you could face if you were not able to pay it in time. This may demand high interest rates and even property's acquisition after a certain time frame.

Always remember that, you will get thousands of LOANS in your "good" time but if the wind of economy is against you, then you will fall into a serious debt trap and then you will have to face problems that are very painful.
One of the mind set you have to make up is to NEVER LOOSE HOPE. And be persistent in your work, acquire better degrees, training and get better jobs.  If your's is a business, try putting up some innovative ideas.

Do remember the Worthy words of  Mr. Rob McBride "Everyone has a special gift. It may take days, weeks, months, years to explore it. Do this with your heart. I would also recommend you to read "A Special Gift:  Journey to Excellence" by him, which describes inspiration and enthusiasm of people who believed in themselves, and even in admist of problems, didn't loose hope and ultimately excelled in their fields.

Steps to COME OUT OF DEBT TRAP

1. Calculate the complete debt "trap".. You must know the exact amount that you owe to others. Also add your monthly or quarterly expenses.  Cut off a few expenses that may not be highly necessary. This is the only rational way of thinking.  FORGET about what others will think of you.
2. Find numerous ways through which you can earn more money. An extra overnight shift or an extra job that will supplement your earnings.  If you are a technology related person, you can consider working at some firm such as ours on project basis and in turn, fetch a lot of money that will increase your potentials to fight against DEBT.
3. Be focused, confident and bold.  Fortune favors the brave. Be brave enough to win over your debts.
4. Be inspired and work very hard. You say GOD IS NO WHERE but I say GOD IS NOW HERE.  This is about the way you think i.e. your point of view. "All we experience in life depends on our point of view"-Rob McBride.
   To a lay man, debt trap may be a serious problem but to a focused person whose aim is to come out of the trap, it's a challenge that he has to accomplish as soon as possible.
5. Always realize that GOD has given you a wonderful life with a beautiful world which has the awesome vista..
   Take a pledge not to repeat such mistake again and also remember that, there is no QUICK way to earn money..  Most of the "QUICK-MONEY" campaigns are scams and so don't fall in their tragedies. Be yourself and make your passion your occupation.. That's the key to success..

- By Shashi Prakash Agarwal