Alon Gal advises: Should the listener sell his apartment?
The business coach comes to Walla! Business: Every week a wave advises on areas of life that concern us all. This time: A listener who is considering selling his house to get out of debt
Spouses take loan (Photo: shutterstock)
Spouses take out bank loan (Photo: ShutterStock)
"I father 4 small children and repay about NIS 7,000 in loans and mortgages every month. I have endless debts, and I feel stuck," listener Elon Gal told business coach on 103FM radio. "Every month I increase the minus a little bit, and finish the month with my teeth. If I sell the apartment, and I repay all my debts, I stay with about NIS 800,000, but my wife opposes the idea. She claims the loans will be over and my little boy is out of kindergarten we can reduce Our expenses. "
Oak did not agree, saying the loans were not going to end soon. "Without paying attention you will create more and more debts every time, which is a very bad idea. That is not how life is managed." The ideal solution is to sell the property to reduce your monthly expenses, the interest you pay will be worth another house.
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From Malls to Purchase Tax: 10 Important Real Estate Judgments of the Year in the Precious Golden Parade in Adam Neumann's History is about to swell even more "Need a receipt?": The new law that stirs Germany Why many Israelis choose to have a hair transplant in Turkey?According to Alon, the listener should sit down with his wife for a conversation, look her in the eyes, tell her he understands her fear, but this step can get you a lot more money, and improve your situation. "Explain to her that you can plan for yourself as long as you want, without ever being in debt. You can save a few thousand shekels each month and leverage them successfully."
