The thing is, some of us manage to get out of debt, eventually. And most of the time, it’s the result of drastically cutting your spending, starting a side business to earn extra money, or trying a combination of the two strategies until something sticks.
There’s no way around it. When you’ve got credit card debt, monthly payments on a short-term loan, car payments, and who-knows-what-else to contend with, you have to do something to improve your situation.
But here’s the thing – anyone who has paid off huge sums of debt can tell you that it takes much more than the desire to become debt-free to make it happen. In addition to wanting it, you have to change your mindset as well. And that part of the equation is sometimes the hardest part of all. [Read more…]