The best personal finance solution is one that eliminates all debts – forever! The magical money solution you’re looking for is this: There isn’t one.
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"Money is a good servant but a bad master."
- Francis Bacon |
There is no way to get out of debt overnight (unless you win the lottery), no “tricks” or “secret strategies” that can get you out of the red in a pain free manner. Anything worthwhile, doesn’t come easy. If getting out of debt is your goal, (and if you are in debt, this should be your goal) then you can be successful, but it will take some time and a good deal of effort. The only real personal finance solution that actually works is to simply spend less, save more and earn more. Period. Anyone who tries to sell you another solution is probably, well, just trying to sell you something. Don’t buy in to all the get-rich-quick lies and scams. This is going to take some time and a good dose of self discipline on your part. But that doesn’t mean you should be discouraged! On the contrary, the fact that there are no shortcuts to financial independence is good news. Why? Because it means anyone can do it! You don’t have to buy a particular how-to book, or go to a certain seminar to learn how its done. ANYONE can get out of debt and stay out of debt. The principles aren’t secret, nor are they overly complicated. Why should you have the goal of being debt-free? Well, for starters, every time you carry a balance on your credit card from one month to the next, you’re being charged interest. Now, wouldn’t it be better if you simply paid cash for whatever it was you bought on credit, rather than using the credit card and having to pay finance charges? All money spent on credit cards is money WASTED. Being in debt means losing some of your freedom. No matter what happens in your life, you’re still going to have to pay back that money. Go on vacation to the ends of the earth, but when you come home, you’re still going to owe that money. If you die, your spouse or estate will have to pay it. Debts are like a leash around your neck. You’re never completely free to do as you please until you pay them off. Pause for a moment to think of all the money you spend every month just making your debt payments. If you’re like most Americans, it’s probably a lot. Now imagine what you could do if those debts were all paid off. Think of all the extra money you’d have that you could use to start building wealth! All those hundreds of dollars that are currently going to the creditors each month, they’d be in your own bank account, making you more money as they earn interest. This is where you money belongs! Money should be working for you, not you always working for more money. Isn’t it time to devise a personal finance solution that lets you truly be free and independent? Isn’t it time your personal finance solution was a REAL solution, one that bought you true freedom, and not merely a stop-gap measure? Forget debt consolidation or lowering your interest rates. You should want to get rid of the credit cards altogether, once and for all. Now is the time. Take the initiative and take back your life!
"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.
