Best ways to pay off debt | Pay off debt

Best ways to pay off debt — people have long turned to consulting as a way to pay off debt. If you’re looking for a list of the best ways to pay off debt, whether from student loans, credit cards, holiday overindulgences, life events or a job loss, consulting can help you make money so you can turn your life around.

I’ve previously mentioned that you can use consulting to get out of debt. Second jobs and work from home jobs can also be effective. But, as a consultant, you can usually set your fees at a higher hourly rate, such as $50, $75 or $150 an hour. Considering that many retail jobs only pay $8 or $10 an hour, you can either work less or earn more by making money as a consultant.

If you’re looking for what to do with the money you earn, put it toward your highest interest payment. If you’ve got department store credit cards, that’s probably where you want to start.

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