Pay Off High-Interest Debt
Pay down your high-interest debt as quickly as possible.
While some types of low-interest or tax-deductible debt can help you along the way, high-interest debt rarely has a good purpose.
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Treat others as comrades
An office or business is a fascinating ecosystem that often combines unlikely people in high-pressure ways without concern for personality, style, or methodology. Everyone just assumes that people will find a way to get along. In reality, it takes effort on everyone's part. Start every debate thinking of the other person as your best friend. Seek to help them understand and feel good about the engagement at the beginning, middle and end.
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Make stress management fun
Sweat out your stress with a high intensity workout. Or do the opposite: completely wind down in a tai chi class. Spend time with someone who makes you laugh. Grab some pencils and a colouring book . While you’re colouring in, you are slowing your thoughts and using your creativity. Dance around the house to your favourite music. Head outside for fresh air and a close encounter with the natural environment. Turning off your screens and devices can help you switch off your thinking. On the flip side, watching a funny movie or talking to someone on Facetime can help you feel better too. Eat a banana or a potato. These foods have potassium, which can improve your body’s energy and recovery. Find a repetitive activity, such as knitting, wood carving or making jewellery . The simple act of repeating a skill with your hands can relieve stress.
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Step away from the problem
Distancing yourself from a problem can help you face it in a more objective way. Instead of remaining in your own frame of mind, consider yourself as an outside observer, such as a friend giving advice or a fly on the wall . Removing yourself in this way helps you filter out some of your cognitive biases and lean you toward a more rational decision.
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Good Debt
Is debt acquired to purchase something that is going to benefit you financially in the future, usually with low interest. That means it's either going to generate income or allow you to make more money in the future. Examples of good debt: Student Loans : typically have low interest rate and raises future income, if you are headed to a profitable field you enjoy. Mortgages : usually long-term loans with low interest rates and tax deductible interest. Business loans : investment towards something with the goal of increasing your net worth.
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