Help me restart life
As many already know from my recent posts, I'm in never ending debt around 80L
Don't what to go in story how and why
So here is my plan
Debt Total approx 80L out of which 35-40L is already NPA loans and Cards so it's in settlement stage, which I can forget for year (.till I can arrange settlement amount one by one )
So planning to sell my Flat, can get around 48-50L
17L will be homeloan pay
So = 32-33L left
Have gold loan of 23L
Pay all and get gold released, then sell 30-40G gold later
So left with 15L
Out of that pay 6L to reletives loan
Left with 9L
Pay 3L wife's PL and Card 2L
So left with 3-4L which will b used for some settlement and Have emergency fund of 1L minimum
So all loans will cleared, zero EMI
Now our income is not great, monthly 25K only currently
So shift on rented flat ( 10K )
With 15K we can manage household
With left with zero but No tension of EMIs, will change mobile number and address so almost no Harrasment by recovery agents
With no tension of EMIs, I can focus on ok earning something for Side income, and aim for minimum 50K income within 6momths
How is my plan?
Suggest if you have something better idea? My goal is to get out of this mess Asap
Can't even sleep currently