In today’s world, where financial stability can be easily disrupted, many people find themselves trapped in a credit card quagmire. Finding oneself in this situation is a very human experience, and it’s important to recognize that it is not unsolvable. However, what really matters is setting aside regret, focusing on how to escape this financial dead end, and seeking realistic solutions. Many people, quite understandably, seek an answer to the question, “Can I solve this problem immediately with an aggressive financial strategy?” It’s important to realize that no chronic financial crisis ends instantly, as if by magic. A lasting solution comes not from knee-jerk reactions, but from taking conscious and focused steps every single moment.

We Can Solve It by Staying Focused

Time flies, and every moment we experience holds a new opportunity. Of course, we can’t solve these problems with a magic wand in a single second. However, if we live every moment, every minute of our day with this awareness, we can solve all our problems. Look, it’s not just about credit cards; we’ll solve our weight issues, our communication problems, our financial problems—we’ll solve everything. We’ll also work on our personal growth. To solve our financial problems, we need to focus on the issue. We can’t solve this in a day, a minute, a few hours, or even a week.

Don't Be Afraid to Make Radical Decisions

Solution number one: You have a car, you have credit card debt. If buying a car will pay off that credit card debt, don’t think twice—buy the car and pay off the debt. Why? Because, after all, a car is a problem that can be solved. You can take a taxi, a minibus, a bus, or use public transportation to get around, or you can ride with a friend. If your home isn’t too far away, you can walk there and back. A solution will be found—it’s not the end of the world.

Personally, I sold my car many times back when I was younger, about 20 years ago. Here’s a suggestion for you—something I did myself. I didn’t have a car, and it wasn’t a problem at all, but right now I do have one. So what happened? The important thing is to solve your problems. You’re paying interest on this debt every month, and it’s growing. Instead of owning a car, be a debt-free person. You can always buy another one later. Pay off your debts; clear them. Take out a loan to buy a car—it’s that simple. You’ll just have one loan to pay off, and you won’t be hit with such aggressive interest rates like on a credit card. So here’s the first solution: If you can sell your car, sell it. Sell it outright—don’t think twice.

Second: If you own a property, sell it too. Look, I’m being very clear here. Because at the end of the day, you’ll live in a house and pay rent, but you won’t have to endure this ordeal, this psychological pressure, and this stress for months on end. Peace of mind is more important than anything else.

Family Support and Sharing

Let’s say these aren’t there—neither of them is. Third: Mom, Dad, your elders… Sit down with your family and explain the problem. Say, “I’ve gotten myself into this mess.” I think families—your spouse’s family, your own family, and so on—can support you. Tell your family, “I have this problem—can we find a solution as a family?” Maybe everyone will chip in a little, and your problem will be solved. You could, for example, borrow from them in dollars and pay it back little by little over the course of a year; after all, it’s within the family. That’s another solution.