How to Become Free of Consumer Debt.

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Drowning in Debt?

Are you struggling because of credit card debt or car loans?  Have you managed to dig a financial hole and fall into it? 

I have been there.  I spent just a little more than I earned, just a little too long.  Next thing I knew I was borrowing from one credit card in order to pay another one. 

That was an embarrassing and scary time of life for me.  Fortunately, I came out of it and survived.  You can too.  

How & Why?

Getting out of debt is largely a matter of decision.  I often ask patients who stopped smoking how they did it.  More often than not they say “cold turkey.”  Something happened that scared them.  A heart attack.  Or a child who asked them to stop so they could watch them grow up.  

Something gave them a WHY.  They could then find the HOW.

It is the same with losing weight or getting out of debt.  Once you decide to actually do it then you only need a few simple techniques.

“Dave Says …”

I highly recommend Dave Ramsey as a great resource for getting out of debt.  He has helped thousands of people do just that over the last 15 years or more.  

His radio show and podcasts are free.  His books are a bargain considering how much financial value they add.  

I don’t agree with his investment strategies but his debt demolition advice is the best out there.  If you are not sure where to start, try reading his book, The Total Money Makeover.

If you need more one-on-one help, consider a credit counseling service.  They will help put you on a budget for paying off your debts.  They may be able to get you a lower interest rate.

It feels great to be debt free!  Trust me on that one!  If I’m wrong and you really miss making all those interest payments you could always go out and get more debt!

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  1. Xrayvsn said:

    Congratulations on your new website. This looks really clean and nice.

    I can only imagine the issues with moving over to a new location just like moving in real life but I know you will settle in.

    I hope that this is the first comment on this site ever (and may end up being a trivial pursuit question). LOL

    As for getting rid of debt, the feeling is unlike anything else. Once you paid off your last debt, all the money coming in truly belongs to you and what you see fit.

    July 23, 2018
    • Yes, Xrayvsn you made the first comment ever on the new blog. Thanks for the kind words and encouragement.
      And yes there is a huge difference in the quality of life when comparing paying interest vs. receiving interest.

      July 24, 2018
  2. Dr. MB said:

    Hi WealthyDoc!

    Love the new website. I can not follow you on Feedly. I would not have guessed you would have had consumer debt after reading your site.

    It is a very easy hole to fall down. That’s why I refuse to allow my kids to get credit cards until they are much older.

    July 25, 2018
    • Thanks for the compliments. I’m glad you like the new site. It should be quicker and more mobile-friendly for sure.
      I’m not sure about the Feedly thing. Is there something I need to do so people can follow me there? Man, I struggle with the technology!
      Yes, I learned a lot of my lessons the hard way. I’m hoping that we bloggers can spare the next generation some of the hardship.

      July 25, 2018
  3. Dr. MB said:

    Sorry WealthyDoc. That auto correct on my iPhone!!

    I meant to write that I can certainly now follow you with my Feedly. Your site is mobile friendly as well.


    July 26, 2018

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