According to Creditreform, almost a third of all indebted people are not even 30 years old. So that you can join in this statistics soon, we have put together some valuable tips in the following. (The following article may occasionally contain traces of irony!)
1. Finally finish your job
Punctuality, productive and over-the-top practices, keeping deadlines, achieving goals set: all so dreadfully conservative things that your boss really likes. It’s enough for you. This permanent stress and pressure from above. Nobody can handle that! Burnout is imminent. And besides, you wanted to become famous instead of worrying about the wealth of others daily from 9 to 5. It’s 5 before 12. Try it out and finally quit.
Then you soon count to the nearly 6.85 million adults in Germany, who according to Statista (see graph) have over-indebted in 2016. In other words, they lack the financial means to repay their debts in the foreseeable future. Sudden unemployment is by far the most common reason for such indebtedness. If spending can no longer be covered by revenue over the long term, it goes downhill. Deeper and deeper into the debt spiral.
2. Separate yourself from your partner
According to the Federal Statistical Office, single men and single mothers are among the most frequently affected by debt. To pull together and fight for a common cause is simply OUT in the Generation “Unable to Relationship”!
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A divorce or separation from the partner is the second most common reason for indebtedness, according to Statista. No wonder in the costs that come to one here: both the dissolution of the common apartment and the division of the household, as well as when renting a new, own apartment. The resulting rent, security deposit, facility and any brokerage fees you swing with left.
And when the divorce costs, such as court and attorney fees as well as maintenance for the ex or the children are added, the whole thing looks really great. Ciao life section mate, hello debt. Such a separation one must first be able to afford, especially without a marriage contract.
3. Move to the north of Germany
Such a move comes just right, where you have quite dewy separated from your Altballast. How about a nice apartment in Bremen, Berlin, NRW or Saxony-Anhalt? According to SchuldnerAtlas, the debtor ratio in these areas is particularly high compared to the south. In Bavaria and Baden-Württemberg, on the other hand, people seem to be able to best manage their money. Who wants to live there already…
4. Be brave and become an Entrepreneur of a very hip start-up
You have developed an ingenious business idea overnight that is guaranteed to go through the roof? Lucky you. Now you are finally getting rich. You deserve it!
“Getting off to a good start with the start-up” often ends in the debt trap.
The chances of big money are now more semi-optimal. Not even two out of three start-ups survive the first five years in Germany, according to 4 Managers magazine. Even an ant can last longer. Because the life expectancy of an ant queen lies depending on the kind even with 10-20 years.
Incidentally, the most common reasons for bankruptcy are the lack of customer demand for the product or service, problems with or within the team, and lack of financial resources for investment to drive business forward.
5. Be a bird ostrich!
Everything is over your head, you are constantly in stress, everyone wants something from you and permanently some letters are coming in. But why open? Make it like the bird ostrich: Better quickly stick your head in the sand and just do not look, if there is perhaps an invoice and the one or the other reminder. True to the motto: What I do not know does not make me hot!
The optimal way to quickly earn a huge amount of debt. And if the foreclosure takes away all your belongings as part of the “claim management” because you have not paid your bills, that does not matter. You just buy new ones.
More than 80% of the claims litigation can be resolved out of court with the help of a collection agency, creating an amicable settlement between the creditor and the debtor. The total, which is “driven” annually in Germany, is enormous. The Federal Association of German Debt Collection companies recuperates about € 5 billion a year from the debtors.
6. Do not be a philistine!
Saving is something for black painters who think they need something as dusty as “reserves”. According to the statistic study on saving behavior in Germany, 14% of the German respondents see this as well. Because that’s the percentage of those who did not save in 2016 at all. About half of the German volunteers, however, regularly put something aside.
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Such philistines, you probably think. You better crank up the economy and spend your money as it comes in, because that’s what it’s finally for. And you are not a clairvoyant, and tomorrow, only God knows. How do you know that your car breaks down next month and the repair will cost you half a month’s salary?
7. Interested in more important things than finances
A letter addressed to you. The tax office is back. It reminds you of your still unpaid tax return. Another letter. Your insurance increases again the contributions. Finances are just not your thing. Blinkers on and quickly think of something else. And then you get a hefty tax back payment. Because you had something more important in your head. Or you just do not know about it. Or you something in between came. Tomorrow, tomorrow not tomorrow, all the lazy people say.
And suddenly the good intentions are forgotten. It does not matter that you could possibly save a lot of money if you just compare different offers, for example to finally change the provider of your completely overpriced insurance, your mobile phone contract or the TV subscription. Or you promise to terminate the unused gym contract on time and instead pay directly for another year, even though you never go anyway. And the convenience wins yet again over the possible triumph of having chosen the cheapest fare.
Maybe you’re one of those candidates who has better things to do than read the fine print under contracts and sweepstakes. Because that only wastes your precious time. That’s right, and that’s why it does not surprise you when you’re surprised by the unexpected costs of doing so, instead of paying the superficially one-off fees, then every month you pay for them. Zack, nice tapped into the Abofalle. Soon it will say: one more step into the debt trap.