The best thing anyone can do financially is make money. It’s not some scientific method, its plain math, work equals money.
The average American has a sustainable job and does not get a raise over 2 years. This means that people are able to get by on what they are currently making. The problem with the average person is not the amount of money they make but it’s the amount of debt they have.
Every month as checks come in, so do the bills. It’s a sad reality but people even know what day of the month to expect their bills. Okay so here’s the deal, in order to gain traction on your debt, you must be able to sacrifice.
Look at your spending habits and squeeze as much money from your monthly income and apply it towards the debt. Start with your smallest debt and pay it off and repeat the cycle until all your debts are paid off. You will start to see the light at the end of the tunnel.
The biggest loan you will have to pay off is probably the car loan or the student loan. Do whatever it takes, get mad about the debt so you can hurry and pay it off.
The average American can pay off all their debt in 2-3 years without having to get a raise. Whether they will do it or not is another question. What everyone is doing right now is not working so people are started to feel overworked and underpaid, this is a formula for burnout. Pay off your debt and pay yourself first.
To get a raise, pay off all your debt, thats how to get a raise.