In order to get out of your debt, you must apply the secrets of debt freedom. These tips are the foundation of becoming debt free and creating options in your life.
There is an old saying that talks about stupidity. It goes something like "the definition of stupidity is doing the same thing over and over again, expecting a different result". For example, people don't keep turning on a cold water tap expecting hot water to pour out. So why would you keep doing the same thing with your debt? If it isn't going away you need to do something differently.
Ignoring the debt isn't going to make it go away. Blaming others for your mistakes is of no help, but hoping something will change is even worse.
You have to effect change in your life and not wait for it to happen. At the end of the day you have to want to get out of debt to make that change to your financial situation.
As a little 8 year old I can remember that burning desire for a bicycle one summer, my parents were poor so I had to figure out a way to get it on my own. I must have shoveled 50 driveways that winter in the freezing cold (and it snowed heavy that winter) at $5 a driveway to make the money. But I did it because I had the image of that bicycle burned into my minds eye.
I don't care if you owe $75,000, if you want out of debt bad enough, sit yourself down and figure out a way. Don't blame anyone else for your problems; take a good hard look in the mirror. The person looking back at you got you into debt, and believe it or not can actually get you out of it.
During my career I have seen winners and losers deal with all types of debt. I can tell you without a doubt the reason why people get out of debt is because they don't blame others, are serious about it, and do something to fix it. The main reason the losers are stuck with their debt is because they aren't serious about resolving it.
Brian Tracy, a motivational speaker, once stated that "you only have options if you can save money. If you are in debt, you have no options." What he means is you cannot quit your job, open a business, treat yourself to a luxury or even take a vacation. Being in debt severely limits your options in life. Once you find your reason for becoming debt free and plan it out, nothing can stop you.
There are a lot of great articles on getting debt help, some can do it all on their own and others may need help. Bankruptcy, Debt Settlement, and Credit Counseling are all viable plans. I personally believe (and have proven) that debt settlement does the least amount of damage to your credit and is the fastest and most cost effective way to debt freedom. Do your homework and start doing something about it.
Richard G. Cooper is Founder & CEO at Total Debt Freedom Inc. Canada's most respected debt settlement company. Total Debt Freedom offers debt settlement plans that can save you 50-70% of what you owe and get you debt free in 1 - 3 years. http://www.totaldebtfreedom.ca/
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