Hi sir,I done my graduation in 2021 and I started trading and I almost lost 8 lakhs in trading which is debt amount in 2 years,now I learned full stack python course for a job.I am a fresher, so seeking jobs are tuff and low pay. I have one year time to clear my debt.I don't know what to do and I don't have any job or money to continue my trading.so, please suggest me a way how to clear my debt in a year sir.
Ans: I'm sorry to hear about your trading losses. Given your situation, focusing on clearing your debt should be your top priority. Here's a plan:
Employment: While job hunting, consider freelance or part-time roles in your field or related areas to generate income.
Budgeting: Create a strict monthly budget to manage expenses and allocate a significant portion to debt repayment.
Debt Repayment Strategy: Prioritize high-interest debts and consider consolidating debts to lower interest rates if possible.
Skill Utilization: Apply the skills from your full-stack Python course to freelance projects or remote work to boost income.
Financial Counseling: Consider seeking advice from a financial counselor for personalized debt management strategies.
Stay disciplined and focused on your goal to clear the debt within a year.