STOP using credit cards now!!!

You’ve heard me say that the only way to get out of the hole (of debt) you’ve dug yourself into is to STOP digging.

First and foremost you don’t need credit cards. You don’t need credit cards for an emergency. You don’t need credit cards for convenience. You don’t need credit cards for “points”, bonuses, and “mileage”.

You absolutely, positively, do not need credit cards at all! Credit cards are a snare, a trap, a mistake. Credit cards are not necessary.

One of the biggest myths in this country is the thinking that, “I need a credit card for emergencies.” “I need a credit card to make my purchases.”

No, no, no you don’t. You don’t need a credit card, period. There’s a psychology to using credit cards. We’ve convinced ourselves that we have to have credit cards to function in today’s society.

There are two steps to stop using credit cards. First, cut ‘em up! Destroy your credit cards but do not cancel them. Do not cancel your credit cards, just cut them up or put them in a baggie and stick them in the freezer.

Second, pick one card at a time and pay it off. I recommend taking the smallest balance credit card and use the $15 dollar a day strategy to pay off your credit cards one at a time.

To success!

David…