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Three Foolproof Ways to Deal With Credit-Card Debt
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By Dr. David Eifrig
here is no easy way to get out of debt.
Every single method of eliminating debt requires hard work... sacrifice... and more hard work.
Of course, most folks aren’t interested in this method of getting rid of debt. There’s not much personal responsibility today... starting with the folks on Wall Street and in Washington, D.C. Most Americans want the easy way out. Let’s get something straight... Each of us is morally responsible and accountable for the obligations we accept freely. Personal debt is no different. Once you agree to borrow money and pay it off, those debts are yours unless a bankruptcy court releases you from them. But I understand that sometimes well- meaning people get in over their heads. And there are some laws and legitimate strategies for easing the burden of debt.
Before I share these methods, you need to understand the purpose of debt... Debt is simply a way for you to own and control more than you can currently afford from your savings. When you take on debt, you are agreeing to use future earnings to pay for something you want now. In general, if it’s something consumed – like a car, clothes, or airplane tickets – all you’re doing is stealing from your future to satisfy your present desires or needs. Eventually, it will not work. For example, with Thanksgiving “Black Friday” sales and then Christmas and the holiday season in December, this is the time of year that many folks spend more than they expect.
All you’re doing is stealing from your future to satisfy your present desires or needs. Eventually, it will not work.
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