I’m in adore with someone who has the lot of debt (we’re articulate three times digits here – over 0,000). We wish to be together so really bad though you have to wait for until his debt is taken caring of. we know zero about this things so maybe my subject is silly, though can any one discuss it me about how prolonged it will take for him to transparent his debt? He’s anticipating in 2-3 years, though we do not consider that’s possible.
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The sooner you can pay off outstanding debt, the better. So if he really wants to pay for that debt in two years, let him go for it. It’s a tough challenge but it can be done (unless of course if his net income doesn’t amount to $100k in two years).
He should really live below his means. Allocate more money for debt obligations and only buy necessities from now until the debt is paid. He should also start purchasing cheaper alternatives on everything (food, clothes etc.). He should also stop using credit cards to avoid incurring more debt.
It takes discipline but that’s what’s needed to get out in such a deep hole.
longer than you should wait around for him
If you listen to Dave Ramsey, on WPTF, He can give wonderful insight on how to beat debt. This may speed up the time it takes to clear up your boyfriends debt. Although this station is conservative, Dave Ramsey I think provide some useful information. But anyways, it can be a few years till but you have to determine if its worth it. This is available on:
Weekdays: 9:00 AM – 12:00 PM online at:
http://www.wptf.com/default.asp
and you can listen live. I am not advocating him, just letting you know he really provides good insight.
that depends on his earnings. How much he can pay off in a year. He can do debt settlement etc