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!