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Optimal Finance Daily - Financial Independence and Money Advice
2517: 6 Ways to Pay Off Debt When You Have No Money by Christina Browning of Our Rich Journey
Nov 14, 2023
Former federal government employee Christina Browning shares 6 creative ways to pay off debt when you have no money, including repurposing resources, acquiring and reselling free items, and exploring alternative housing options. Learn strategies to tackle debt without additional funds, such as selling unnecessary belongings, and discover how financial independence is still possible even with a limited income.
10:30
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Quick takeaways
- Repurpose and sell discarded items to generate income and pay off debt.
- Offer your services in exchange for goods to cut down on expenses and use the saved money to pay off debt.
Deep dives
Generating Income from Repurposed Items
One strategy to generate income when you have limited funds is to repurpose and sell items that others have discarded. For example, Aman repurposes old pallets into furniture pieces like bookcases and wine racks, which he then resells. You can acquire free items from platforms like Facebook groups or Craigslist and turn them into profitable products. By utilizing your available resources and tools, you can cut down on expenses and potentially make a profit.
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