Get Out Of Debt In a Year - Taming The Monkey
Posted on Jan 26, 2008 under Get Out Of Debt in a Year | No CommentDeveloping a game plan to get out of debt is crucial, the only thing more important is sticking to the plan. It does not have to be a difficult process if your game plan is sound and reasonable. You cannot possibly shut down your whole life and do nothing until you get out of debt, that is unsustainable. You will give up on it in a few weeks. Your first step is to assess your actual current position.
Start with a pen and paper and draw a line down the center of the page. Label one column assets and the other liabilities. What you are going to do is give yourself an exact figure, where you stand financially. This can be a liberating process. Put real values on your assets, not guesses, but put some real thought into the figures and be realistic. Ask yourself, if I were to put my leather sofa into the local classifieds, what could I get for it. These types of questions help to put your figures in perspective. Read more… »