Are you struggling with the all too common question? How do I get out of debt? Racked up your credit cards to their limits and have more collections than you care to let your husband or wife know about? If so then what I am about to tell you will leave you ready to take action.
First you need to be honest with yourself and ask why did I get into all this debt in the first place.
Trying to impress your family, neighbors or girlfriend perhaps? Do your family, friends and neighbors bow in your presence every time you enter the room? No so now you must realize that it is a fool's game trying to look good to impress people.
People are too busy concerned with themselves every second of the day to worry about or even acknowledge what you are doing.
So now that you understand a little bit more on why you got into debt in the first place and understand that you were not successful in your goal and all that you have to show for it is a mound of debt.
Take a deep breath acknowledging this is one of the biggest steps in the whole process.
Live below your means.
Ok, OK I know where does the live like Donald Trump part come in.
We are getting there...
Right now you need to break the cycle and stop spending more money than you earn.
This will serve to two purposes; one your snowballing debt will stop or at least slow down and two you will now realize the lifestyle that your current income grants you.
Starting to get a taste of reality about what your income affords you, huh.
Doesn't leave a good taste in your mouth, huh.
That is fine this is what will make you hungry, the burning desire to succeed.