Our socity is more deeply into debt then they ever have been. Yet we are making more than we ever had too. So what does that tell you? People say if I only made more money I would be out of debt.
That would not fix anything. Most people no matter how much money they make
they will always be in debt. That is why you have people who win the lottery end up worse then they were before. There is bad debt and good debt. A bad debt would be a plasma TV. Good debt would be a debt that pays you in return such as rental property.
So what we need to do is learn how to manage our expenses. There are things that you can do right now without dramticaly changing your life style That will lower your monthly expenses by hundreds or even thousands of dollars check out expenses reduction program.
Our grand parnets during the 1920-1940 saved money. Our parnet during the 1960-1970 spent the money that they saved. And from the 1980’s to today we are the first generation to be living off of debt.
I would like to suggest to key as your main key of getting out of debt to get the book ABC’s to getting out of debt.
