Slaying the Debt Monster
Seven in 10 American families are in debt. In other words, they live beyond their means, spending more than they earn. Using debt to purchase goods has become so common that many people simply accept debt as their reality.
If you’ve got reoccurring debt payments (auto, mortgage, student loans, etc.), you’ve already given away that much of your paycheck each month before you’ve even earned the money. It’s spoken for and you’ll never be able to use it to achieve your dreams. If you’re making payments on a credit card or student loan, it’s time to get serious about evicting these money pits from your family budget. And don’t be fooled into thinking that mortgages and car payments are “good” debt. Instead of concerning yourself with building a high credit score by making monthly payments, get these debts paid off and start to build a stockpile of actual money!