Don’t Allow Debt to Cripple Your Life!

Ben Franklin who lived a life as full as any man whomever lived, understood the insidious nature of debt. He firmly believed that it’s better to slash expenses to an extreme level rather than to incur debt in order to afford a lifestyle that is beyond our means. Debit and interest will sap your mental energy, increase worry and very often damage your health in the process. Avoid debit like the plague!

Many times, I have heard people limit their options and therefore their life experience by saying, once I pay off my… take your pick:”

Collage loans
Car payments
Home mortgage
or credit cards ….

Then I’ll be able to do this or that…

Credit cards should be used to gain travel points and paid off every month never to finance your lifestyle. We all take on some debt at some time but the less you take on the more options you have. The less millstones you have slowing you down. You cannot live a life well lived for long in debit therefore getting out of any debit you have should be high on your to do list.

Americans on a whole are not great savers, to the point where almost 70% don’t have $1,000 in the bank. Furthermore, almost half of Americans claim that to cover a $400 emergency, they’d need to borrow the…