Digging Yourself Out of Debt!

I personally have felt the pain that debt can have on your life, it is a feeling like you no longer have control over your life.  I am not going to stand on a soap box and tell you that your a bad person cause you let yourself get into this predicament.  I remember exactly when I first learned about credit and created my very first debt that later snowballed.  I was about 18 years old, and my car at the time only had a cassette player but I wanted one of those new CD players.  I was visiting my local SUN television and appliance where I lived and had my eyes on a particular Panasonic model.  Well at that time the stereo was well out of the reach of a 18 year old who was just barley putting gas in his car.  But the salesman seized the opportunity and told me how they had a credit plan I could apply for.  Well that was my first taste of credit, like all of us credit sure seemed like a easy source of cash when you really wanted something.  Now let me make myself clear I said wanted something and but not nessessarily needed it.

Years went by, so did jobs and girlfriends and the debt just kept piling up.  For most of us that eventually wake up one day and realize we need to dig ourselves our from all this debt, it is a very sobering day indeed.  Well during that cold fall day years ago I was on a mission to find a way to pay off all the debt I created.  I started searching for any debt reduction or debt relief material I could find at my local library but nothing that really told me anything I didn’t already know.  I was pretty good at keepign a budget for the household things but it never could help me with those impulse buys.

Then one day when I was talking to a good friend of mine that I respected and always though had her act together, we somehow got on the topic of debt reduction.  She had told me about her experience which sounded like my own, but what I really learned that day was how she was able to get herself out of debt.  Then there was something she said that knocked my socks off, she said that she was going to have her car and house paid off in 10 years.  I wanted to know what she was doing, she explained to me how she keeps a spreadsheet and tracked all her debt, then by giving each source a score you end up with a list that is in order which debt to tackle first.  Most of your high interest credit card debt winds up at the top of your list while your house typically is at the end.  What is significant to this list is the acceleration effect of the system, you use an affordable amount of money you put aside each month that creates the real debt relief.  Now if your interested in an excellent education in credit, the financial industry and why they want to keep you in debt then you have to get your hands on Transforming Debt Into Wealth by John Cummuta.  I am using this program now and based on my debt reduction spreadsheet I will be debt free in 8.5 years, now that includes paying off my house.

If you would like to get more information about John’s program then Click Here Now to Learn How To Be Debt Free