Business bankruptcies, entrepreneurial failures, unemployment, and salary reductions have been ongoing topics in recent years. Many former business owners have accumulated debts and been forced into becoming “debt defaulters”, while numerous individuals have been blacklisted for credit breaches due to job losses and interrupted mortgage payments. Data shows that in the past five years, China’s personal debt has surged by 50%. Those branded as debt defaulters now number over 8.5 million, a near 50% increase from 5.7 million at the beginning of 2020. These debtors, who have failed to meet their repayment schedules for home or business loans, mostly range in age from 18 to 59 and constitute 1% of China’s workforce.
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It’s a big one! Tune in to see my progress for this week.
I provide updates on my student loan debt, credit card debt, cosigned student loan, and mortgage.
I also provide some encouragement to others that are also on this journey and some tips that have helped me.
Like this video and subscribe to this channel to follow my journey.
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About Me:
I’m a 39-year-old wife & mother who is on a journey to be free indeed! I am on a journey to pay off all of my debt within 7 years, build wealth, and be a financier of the kingdom of God.
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?Hey guys! Welcome to this incredible episode as Omar interviews multi-millionaire entrepreneur John Shin on his incredible story of overcoming all odds as an immigrant coming to the US & going from $500k in debt to building a 9-figure business in the financial management industry! Overcoming all odds & many failures, John ultimately used many of the principles he shares in this interview to turn around his life! Today, John is a successful family man, serial entrepreneur, producer, investor, philanthropist, author, speaker & is also currently on a world tour sharing the “THINK & GROW RICH” message around the world! Enjoy ?
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