Financial difficulties

hello gengeni! times is indeed hard, not only you for the rest of us as well. to overcome financial difficulties, one must be willing to sacrifice some unnecessary expenses, minimize it if you can, dispose assets which are not only stagnant but would also cost the family in terms of real estate taxes and all that. If the home you bought is in a relatively good area, look for its current market value and assess if it would be more beneficial to dispose of it now or later when its value might rise even higher. Incurring debts and incurring additional debts to pay off old debts gets you in a vicious cycle. I know for i'm there myself and i intend to be free of that cycle. Just minimize your expenses and disbursements, scrimped if you must, to get over the tide and get a job if you can, to help out. or you could rent out the house you bought which you're not using anyway. as a child, you can do more. if you play it right, your father will surely listen to you if you lay out your plans clearly to them. Give no room for them to doubt the viability of your plans.

For me I will content of what I had and spend the money for the fix amount of my income.

Maybe you can consider doing some part-time jobs during the holidays? Meanwhile, work harder here so that you could at least tide over.

Well, if you have lands, why don't you use them for growing animals like pigs or horses or whatever. Animals that can gain money for you. I'm not saying you have to buy an entire group. Maybe there's someone you know who owns certain animals. Maybe you can ask them to help you with that. Or if you have enough money, you can start your own business there. Start a small business like a mini store or something just to get a jump-start. It's great if you already own a land. Did you know that many people are paying rent just to maintain their business.. Just be wise enough with that land. Only sell if you don't see any positive thing that can come from it.

Are all of your family's assets so important? if not all then try to eliminate some that don't help your family succeed. It was like being on race, if you packed so many thing on your back pack (the unnecessary things) you'll gonna end up running so slow & struggling but once you lessen your load & bring just all the things that's important then you gonna run smoothly & with ease.. It's just that so simple. For you my dear, try to find a job that can help your parent paying your bills & debts,simple things that help your parents lessen their financial hardships is huge thing for them..There's no other people can help your family but your family themselves so start making things for you family, but take note happiness is much more important rather than money.. Good day.. :)

This is a cliche statement. Don't spend beyond your means. Enlist all your expenses against your monthly income from there you could see what needs to be cut down for you to save and pay off your debts. Don't spend now on unnecessary things. Eliminate first your debts. Land assets appreciate in price provided the location is not in a remote area or prone to floods etc. If so, they are good investments though it gets liquidated quite a long time. Invest your money wisely likewise when you spend it.

Money itself has its attendant problems. The more we earn the more we spend. In the end we incur debts to satisfy our wants. Having assets is a blessing as it can be used as collateral to generate income in business. Maybe you can help along by being employed. Time is hard as prices of goods have increased and if we are used to high lifestyle we will never have enough in today's world.

I am going to try and respond to your post here. Financial difficulties unlike what our parents may have gone through or are going through is nothing like those of us today who do everything possible to make a living and support our families. As I was growing up as a young lad in my family, my father, a traveling salesman throughout the Southeastern states of the U.S., worked extremely hard to give his four sons and his wife everything that could ever want. We all had cars, we all had material things that many would dream of having. However, due to what the world is going through today, if you are in debt and unable to find the right job or career to make ends meet, it can be very damaging. I am trying to make it as a free lance writer and photographer today and both together make it hard to make a great living. However, if we do what we enjoy doing and make an honest days pay, then maybe it will amount to more than I could ever imagine. I am also looking for a full time income in sales and/or marketing and would continue to do my writing and my photography. This would combine everything that I would ever like to have done and hope that it pulls me out of my financial doldrums. Hope this puts some of what you are saying in perspective.

You could try getting a job and helping them to get out of debt, and perhaps sell some of the assets they have and don't need. It's tricky, but it's all about allocation - where you spend your money versus how much you make (in my opinion).