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Showing posts from December, 2020

Learning 5 Steps on How to Permanently Get Out of Debt

While I was browsing the internet looking for information about my current situation I came across Todd Tresidder's article about getting out of debt from  Financial Mentor . He says, " Debt is not a financial problem. Debt is actually a personal problem masquerading in financial clothing to deceive us ." Hard to believe, but it is true. That's why so many people have persistent problems with debt and I am no exemption to it. Defining our debt problem correctly is critical to solving it. Most of us mistakenly define debt as a financial problem, thus developing financial solutions. That's why our debt returns shortly after paying it off. We fail to identify the root cause of debt, opening the door to repeating the vicious cycle. A permanent debt solution requires a plan of attack based on proven principles that will actually work. When I just pay off my balances, I relieve the painful symptoms. But the underlying condition that put me in debt in the first pla...