Although not a popular theme and despite the fact that some think they’re in debt so deep that they can’t ever get out, becoming debt-free is a worthy, realistic and attainable goal. Getting rid of your debt isn’t always easy. However, the process is actually very simple.

Allow no more debt …duh! That means no bank or family loans and tearing up the credit cards.

Start retiring the debt now. Begin with high interest debts first. If they’re all high-interest, pay the smallest balance first. Once it’s paid off, put all the available money on the next and so on. Most families can be debt free in three or four years.

Like boot camp, becoming debt-free is not the end; rather it’s the beginning of a whole new adventure.

Your thoughts on this subject? Your comments appreciated!

Content © Rich Brott, 2011

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