In order to get out of debt, you have to stop charging and start taking charge of your spending habits. If you use credit cards without paying the balance monthly, owe money on a loan or are paying off a home mortgage, you’re a debtor. Most Americans are in debt; if you’re not, some might think you’re downright unpatriotic.

Many economists believe that indebtedness keeps our country financially on the move. When was the last time you saw a bank ad encouraging you to save? The theme of our consumer-driven economy is borrow and spend. It’s not popular to suggest becoming debt free. However, freedom from debt speaks for itself; in a word, it is freedom.

Your thoughts on this subject? Your comments appreciated!

Content © Rich Brott, 2011

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