3 Secrets to Eliminate Your Debt Today!

September 16, 2009 | Posted by M

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Secret One: Know the Enemy!

In order to eliminate your debt you have to understand how it came to be and how to eliminate the root cause. Your government and big business are conning you and your friends and family. You do not have to have a new car every other year, you do not have to have 50 pairs of shoes, or twelve suits. That new putter will not take three strokes off your game, but more practice might. We have been conned into believing that we are entitled to have what we want and to have it right now. No longer do we save and scrimp in order to buy something we want. No, we buy it now “on credit”. So we need to recognize that our minds have been brainwashed. It is time to become conscious of our spending, and to stop buying on credit.

Secret Two: Know How You Got Into Debt!

You must know your bottom line living expenses and confront your habits. Many of us have no idea how much convenience costs us. Instead of buying a chicken and taking it home to cook while we make some salad and cook some potatoes we stop on the way home and buy it already cooked, with some pre-made salad, some tasty treats and some instant potatoes to go along. This is killing you in two ways, it is probably twice as expensive to eat this way, so your meal instead of costing $5 for the whole family now costs at least $10 and is nutritionally terrible! Net result: you add pounds and spend more money. That s a real lose/lose. We see something “on sale” so we buy it. If it goes on a credit card with a balance on which we are paying interest was it really on sale?

Secret Three: Know Exactly What You Want to Achieve

Do you want to be totally debt free, including having no mortgage in 5 years? Sounds impossible? Well many people just like you have been able to accomplish just that, but first they had to see that as a goal. I am sure that you have heard the saying, “When the student is ready the teacher will appear” well we are quite prepared to teach you what you need to know to accomplish your financial goals but you need to decide what those goals are. After all if you set out on a journey and don’t know where you are going, then you have no right to complain if you don’t get anywhere.

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