Debt Free – Starting from where you are
Do you really have a problem with Debt? The simplest rule of thumb to decide if you do is to take the stress test. The stress test is simply this – when the word ‘Debt’ is mentioned in general conversations do you feel your level of stress increasing? If yes then read on – if no then I suggest you find out why you are on this website but not yet stressed about your debts.
The real problem with Debt is that it’s not a sudden thing. It’s more a case of the frog being slowly boiled to debt in a pot of hot water than being dropped into a boiling pot of water and then jumping straight out. Mortgage aside – I’m sure that if some one said to you when you were fifteen – you are going to grow up into a responsible adult with a mountain of debt you would have said straightaway - no thanks!
Commitment
Ah the C word – yes it’s almost like a marriage. You are effectively married to your debt…until debt do us part. Well the sad fact is that the majority of relationship break ups are caused by financial problems. With Debt you can’t always up and leave the relationship. Yeah sure you could file for bankruptcy but then the shadow of your debt will still follow you around for years to come.
So you are effectively committed to your debts whether you like it or not. That’s the unfortunate reality of the situation. Your creditors have you. They own you. It’s not nice to hear it being put like that but that is where you are starting from. You are effectively a slave to your debts and to your creditors. Each morning when you go to your ‘Wonderful’ job keep in mind that you are in fact going to work for creditors and they are laughing at you all the way to the bank.
Does this upset you? I sincerely hope it does. The reason why is not because I like making people feel bad but because you can harness the good from these negative emotions.
You have two choices – let the anger and frustration at your situation grow into despair and inaction or you can use your and anger and frustration as energy to push you to tackle your debts.
The cause and effect principle.
Pay the price now in terms of discipline and action or pay the price later in terms of despair. Your call.
Posted in Debt Freedom - Starting your Journey
April 7th, 2008 at 1:22 pm
[…] Debt Free – Starting from where you are Do you really have a problem with Debt? The simplest rule of thumb to decide if you do is to take the stress test. The stress test is simply this – when the word ‘Debt’ is mentioned in general conversations do you feel your level of stress increasing? If yes then read on – if no then I suggest you find out why you are on this website but not yet stressed about your debts. The real problem with Debt is that it’s not a sudden thing. It’s more a case of the frog being slowly boiled to debt i […]
April 7th, 2008 at 1:30 pm
[…] nerdd.net |** tech news, stories and opinion **| wrote an interesting post today onHere’s a quick excerpt Do you really have a problem with Debt? The simplest rule of thumb to decide if you do is to take the stress test. The stress test is simply this – when the word ‘Debt’ is mentioned in general conversations do you feel your level of stress increasing? If yes then read on – if no then I suggest you find out why you are on this website but not yet stressed about your debts. The real problem with Debt is that it’s not a sudden thing. It’s more a case of the frog being slowly boiled to debt i […]
April 7th, 2008 at 1:56 pm
I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog.
Tim Ramsey
April 7th, 2008 at 2:26 pm
[…] AllMortgageInformation.com wrote an interesting post today onHere’s a quick excerpt Do you really have a problem with Debt? The simplest rule of thumb to decide if you do is to take the stress test. The stress test is simply this – when the word ‘Debt’ is mentioned in general conversations do you feel your level of stress increasing? If yes then read on – if no then I suggest you find out why you are on this website but not yet stressed about your debts. The real problem with Debt is that it’s not a sudden thing. It’s more a case of the frog being slowly boiled to debt i […]
April 7th, 2008 at 2:40 pm
[…] Debt Free – Starting from where you are Do you really have a problem with Debt? The simplest rule of thumb to decide if you do is to take the stress test. The stress test is simply this – when the word ‘Debt’ is mentioned in general conversations do you feel your level of stress increasing? If yes then read on – if no then I suggest you find out why you are on this website but not yet stressed about your debts. The real problem with Debt is that it’s not a sudden thing. It’s more a case of the frog being slowly boiled to debt i […]
April 7th, 2008 at 3:16 pm
[…] Debt Free – Starting from where you are Do you really have a problem with Debt? The simplest rule of thumb to decide if you do is to take the stress test. The stress test is simply this – when the word ‘Debt’ is mentioned in general conversations do you feel your level of stress increasing? If yes then read on – if no then I suggest you find out why you are on this website but not yet stressed about your debts. The real problem with Debt is that it’s not a sudden thing. It’s more a case of the frog being slowly boiled to debt i […]
April 7th, 2008 at 3:55 pm
[…] Debt Free – Starting from where you are Do you really have a problem with Debt? The simplest rule of thumb to decide if you do is to take the stress test. The stress test is simply this – when the word ‘Debt’ is mentioned in general conversations do you feel your level of stress increasing? If yes then read on – if no then I suggest you find out why you are on this website but not yet stressed about your debts. The real problem with Debt is that it’s not a sudden thing. It’s more a case of the frog being slowly boiled to debt i […]
June 28th, 2008 at 5:38 am
[…] Leonard presents Debt Free – Starting from where you are posted at Until Debt Do Us […]