Avid skiers delight in telling others how exhilarating it is to glide down the slopes. In their mind, there is nothing like it and they can’t understand why some of their friends are not as excited about joining them on skiing trips. Skiing into debt is also very exciting. However, the price of escaping from the debt is greater than most people realize. Simply stopping the intake of new debt is not enough. A multi-faceted and financial reverse is necessary.

Look at what must happen in order to work your way out of the debt trap.

• Stop spending more than you make.
• Spend considerably less than before.
• Pay off the old debt.
• Pay interest on the old debt.

Your thoughts on this subject? Your comments appreciated!

Content © Rich Brott, 2011

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