Do you Really Want to Get Out of Debt?

Being debt-free, having no worries about creditors calling at all hours, payments coming due, your property being re-possessed... It is a wonderful place to be! Many people say they want to get out of debt...

But most don't really mean it. For most it's just wishful thinking, just a pipe dream. Most go no further than just wishing.

Are you one of those?

Or are you one who is fed up with just wishing and really want to DO something about your debt problems?

The differences between mere dreamers and actual achievers are intense desire, determination, goals and taking action.

• Intense desire. You've got to really want it. You need to make up your mind that you are going to do it, know it won't be easy, but be determined to do whatever it takes to get your finances under control and get out of debt!
• Determination. You need long-term determination, sticktoitiveness, knowing that getting out of debt takes months, even years. You need to be determined to not stop until your reach your goals, no matter how long it takes.
• Goals. A goal is the difference between a wish and a plan. You need a more specific goal than just getting out of debt. You need to break you goals down into stages, steps, with identifiable markers to let you know when you have achieved them. Your individual goal steps must be part of your overall master plan. You will need a tentative time schedule for achieving your goal steps.
• Take action. Once you have laid out your step-by-step plan with a sub-goal and a marker for each step, you need to take action. Start on the first sub-goal and get with whatever needs to be done to achieve that first step.

For instance, you might decide that, "I want to get out of all debt other than my home mortgage, and I want to do that withone year."

Then you might set sub-goals and markers like this:

1. Pay off my credit card that carries the highest interest/cost rate. This will be achieved when I write the check to pay off the final balance.

2. Pay off all but the two lowest interest/cost credit cards.

3. Pay off the last credit card.

4. Pay off my car loan.

5. Have $2,000 in my savings account to be used only in case of emergencies.

You might set tentative dates by which you plan to attain each of these goals. That's fine. But don't get discouraged if you fail to reach a time goal. What is most important is to keep moving in the right direction, making progress and continue moving towards you ultimate goal.

For more detailed explanations of how to do this, check out:

Common Sense Debt Secrets

For a complete system for getting yourself out of debt, see:

Get Out Of Debt - The Debt Buster System