A debt free solution takes commitment - and the good news is that it’s all in YOUR hands.
If you’re overwhelmed by debt, as many Americans are, then the only real solution is to finally decide it’s time to become debt-free.
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"Rather go to bed supperless than rise in debt."
- Benjamin Franklin |
It’s not enough to combine your debts, or to take out a consolidation loan. Those methods merely rearrange your debts. You don’t need that. You need to get rid of them once and for all, period.
The reason more people don’t do this is that it requires hard work and determination, as well as some honest self-evaluation.
Human nature dictates that we tend to prefer easy solutions over difficult ones, and the simple truth of the matter is that the debt free solution is not an easy one.
However, it’s also true that most things worth having aren’t easy. The freedom of being totally debt-free more than compensates for the hard times you might have to endure in getting there.
Creating and ultimately achieving a debt free solution also means accepting responsibility for your past actions. It’s your fault for being in the mess you are in, attempt to blame one else but yourself.
Yes, credit card companies are ruthless and devious. They intentionally target people they know will overspend - college students, for example, and other young people - and entice them with one credit card offer after another.
Yes, many of their advertising practices are misleading and their pricing strategies are beyond belief. But the fact is nobody forced you to open those accounts and rack up those debts.
You have to accept that YOU got yourself into debt, and now YOU must be the one to get yourself out. You have to stop blaming others and own your actions. How your respond in the face of adversity will determine your character and integrity, so accept this challenge head on – you’ll be better off for it in the end.
So you’re in a financial mess. You have large credit card debt, automobile and other personal debt. Well, the good news is that it’s not the end of the world.
With determination and self-discipline, you CAN arrive at a debt free solution, and you can stay out of debt for the rest of your life. Everyone with an income has the power to do this, including you.
The only question left to answer is whether you’re committed to doing it.
Sites like Debt-to-Income.com can give you advice, encouragement, and recommendations. But we can only do so much. It all falls on you, the individual. You have to WANT to get out of debt. We can’t do that for you.
So what are you waiting for? Now is the time to take charge. Get organized. Make a list of all your debts. Make a list of all your monthly expenses, then determine which ones can be reduced or eliminated.
Put every penny you can toward your debts and work hard to pay them off, one by one.
Keep coming back here for advice and tips, and follow our Debt-to-Income program for maximum results.
Most of all, keep yourself committed to the program. Your future is entirely in your hands.
"The only way not to think about money
is to have a great deal of it.”
- Edith Wharton |
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Debt is NOT your friend. It's not a wonderful "tool" for building wealth. That's a myth.
