Don’t Let Debt Dictate Your Life.

How many of you are carrying around debt that dictates how you live your life? I am sure there are many out there, for sure. I was one of them too – in my twenties and very early thirties I had about $25,000 in credit card debt to my name. I had no choice but to live where I was living, drive what I was driving, and stay at a job I absolutely hated – all because I owed so much money to the credit cards. Had an emergency come up I would have been absolutely screwed…and a few years ago I swore I would stop all that nonsense. I paid off the debt, moved to a town I wanted to live in, and quit the job I hated to strike out on my own. I have never looked back and I don’t plan on doing so anytime soon if I can help it. But the only way I could even attempt it is by not carrying around any consumer debt (other than my car payment, which I hope to get rid of this year as well) and not falling back into the debt trap. One of the major keys to living the type of life you want to lead is to not owe money. I am not too concerned with auto loans or mortgages, as most of the time the bigger ticket items do require you to borrow some money. (Last time I checked, no one I know bought their $300,000 house in cash.) If you are hanging on by a thread with a pile of debt to pay off, you are letting debt dictate your life – and that’s no way to live.

Do you have to make decisions in life based on how much debt you have?

Are you not able to do the things you want to do because you owe so much money to other entities?

Are you feeling smothered by that cloud of debt hanging over your head?

Do you not even know what you spent the money on?

Getting out of debt should be one of your top priorities. Period. Being hindered in life by owing money on a credit card isn’t a healthy way to live, as it can potentially stop you from living how you want to live. So, what are you going to do about it? Need some tips for getting out of debt? My 6 part series “Start Digging Out Of Credit Card Debt” is available right here to help get you started:

Start Digging Out Of Credit Card Debt Part 1

Start Digging Out Of Credit Card Debt Part 2

Start Digging Out Of Credit Card Debt Part 3

Start Digging Out Of Credit Card Debt Part 4

Start Digging Out Of Credit Card Debt Part 5

Start Digging Out Of Credit Card Debt Part 6

Start today and start now. Even if it’s only $10 more a month to your credit cards, do it. I cannot emphasize this enough. The weight and burden that will be lifted once you are out of debt will blow your mind. Don’t put it off, and don’t pay the minimums. Get. Out. Of. Debt. Today.

Don’t let it dictate your life; make sure YOU dictate your life.

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  1. Social comments and analytics for this post…

    This post was mentioned on Twitter by mytwodollars: New blog post: Don’t Let Debt Dictate Your Life. http://www.mytwodollars.com/2010/04/01/dont-let-debt-dictate-your-life/

  2. That’s what did it for me–being sick and tired of being in debt.

    People don’t realize what “life on the other side” is all about.

    Really. I never did–till i made it out of debt.

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  5. This is so true. If you have no debt and a big emergency fund, you have options in life and your career.

    with tons of debt and no money, you are stuck. No options.