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3. Increase your income: Consider taking a second job or starting a side hustle to make extra money.
Having a second job or side hustle is a great way to increase your income.
It can provide you with extra money to save for retirement, pay off debt, or just to have fun.
Additionally, it can give you an opportunity to develop new skills and gain experience in a different job market.
It is important to evaluate how much time you have available to commit to a second job or side hustle, as well as how much money you would like to make.
Once you have made these considerations, you can decide on the best option for you.
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4. Pay off debt: Start with high-interest debt and work your way down, paying as much as you can each month.
Paying off debt requires a plan. Start by making a list of all of your debts and the amount of interest you are paying on each debt.
Pay the minimum amount on all of your debts each month, and then focus on paying off the debt with the highest interest rate first.
Once that debt is paid off, apply the money you were paying on that debt to the debt with the next highest interest rate, and so on until all of your debts are paid off.
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