Get Out of Debt 101 Blog

That’s probably the million dollar question, right?

Are you making it a priority? “It’s very hard to be disciplined enough to avoid spending money on things you want simply because you have bills to pay” told me a visitor to this site once. And I know she was right, it’s not easy. But you still have to make it a priority: you have to do whatever it takes to become debt-free as soon as possible.

Making only the minimum payment is like committing financial suicide: it will take you forever! And the amount of money you will pay in interest alone is staggering.

Give this a try: Go to the Federal Reserve’s site and try their online debt repayment calculator to see for yourself.

For example, paying the minimum payment on a $20,000 debt at 18% will give you this: It will take you 58 years to pay it off, and you would have paid almost $58,000 in interest alone! You cannot afford that.

Go to our home page and take a look at our Get Out Of Debt 101 Master Manual. For about the price of two pizzas you can start your journey to a debt-free life today! Commit yourself to becoming debt free today. You have NOTHING to lose, but you have a whole new, stress-free life to win.

See you tomorrow!