“Debt will take you farther than you want to go, keep you longer than you want to stay, and cost you more than you want to pay”
Wouldn’t it be nice if you could relive yourself of debt as quickly as you accumulated it? In most cases, that’s not likely. Oh sure there are numerous companies that will tell you they can provide debt relief, debt consolidation, debt management or debt counseling. The reason most of these programs don’t work for most people is that they don’t address the real problem.
Why People Stay in Debt
There are 3 simple reasons why many people in debt, stay in debt. At risk of getting personal, here they are -
Now if that raised your dander a bit, you need to keep reading.
Most people who enroll in some type of program that promise to help them with their debt fail. Oh they start off well. They just don’t finish well.
We live in a culture these days were personal responsibility is almost discouraged. It’s always someone else’s fault. That not only applies to debt and finance, but to other areas of our lives as well.
Real debt relief requires real commitment from you. It has to be a passion. You have to get up each morning and purpose yourself to getting out of debt. If you are the leader of your household, you have to make sure everyone on your team is on board. Everyone must be walking in lock step towards the goals. The goal is living debt-free. The goal is to stay debt-free.
Once you have made the commitment to live debt-free you must resist the temptation to reach back into your past way of living. You must move forward and follow your debt plan to the letter. No looking back. You cannot walk in two directions at one time. Becoming debt free is not easy and will require you to commit 100% of your energy and resources. Stepping back and “borrowing” from your past is a surefire recipe for failure.
Most people fail at becoming debt-free because they are not committed to the process. Accumulating debt is a learned behavior. Relieving yourself of that debt is a change in that behavior. Until you are committed to changing your behavior, you can try every debt settlement company around, and you will find yourself in the same situation you were in when you began the process eventually.
Are you ready to make the commitment? Is your family ready for the commitment? I have lived both ways. I lived in debt for the majority of my life. I’ve lived debt-free. Trust me, the latter is much better.