Monday, June 16, 2008

A New AP Story On The Pit-Falls-Of-Debt

A new AP story on the pit-falls-of-debt

Just came out and it’s pretty depressing! The story talked about the emotions of being in debt and how it’s pretty tough on the debtor to live life with the emotions and pressures of owing lots of money.

I’m sure you can relate to the story.

I know I can. I’m more amazed that it took this long to realize when you owe a pile of money and can’t afford to pay it back, “that’s a problem”!

What the story should have done was to focus on the solution. The solution isn’t to borrow more money. The solution is to pay-off the debt and live debt free.

Until you change the way you do things you’re always gonna get the same results. The bigger question is, how do you make a change and go from living in debt and always thinking in terms of debt to living debt free and always thinking, “I won’t get it if I don’t have the cash”.

Cash is KING. The story doesn’t focus much on cash. But, if you go to a cash only mentality you’ll get rid of your debt and feel even better. You can live a life free of most of your stress. You can live a life free of the emotional ups and downs that go with staggering your bills to make the minimum monthly payments.

Look for the strategies I’ve posted on living debt free. Start with the $15 dollar strategy for one and treat the problem like you were eating an elephant. One bite at a time.

David Dassow

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