Saturday, May 3, 2008

You've got to quit borrowing

The first step to debt free living is to stop the borrowing. You’ve got to stop borrowing. The worst thing you can do is start paying down your debt while still using your credit cards.

Just say, “that’s it, I’m not borrowing anymore.”

Check previous posts for getting real mad about your situation.

Think of it this way. If you go to the doctor bleeding from your hand what is the first thing you want the doctor to do? Do you tell him to do surgery? Do you tell him to check out a bruise on your leg?

NO!

You ask the doctor to stop the bleeding.

If you’re still using your credit cards you’re still bleeding. And if you’re still bleeding you aren’t solving the problem.

Stop the bleeding first. Stop spending on your credit cards. Cut them up, put them in a drawer, stick them in a safety deposit box, freeze them, but what every you do quit using your credit cards.

The first step is to stop the bleeding. Stop using your credit cards and you’ll stop the bleeding.

David Dassow

No comments: