Hi All,
Tonight as we contemplate the past week’s newest crises along with the continuing pressure on the global economy created by financial chaos, environmental disasters, and natural disasters, I have observed a curious problem with respect to dealing with indebtedness. I recently spoke to an associate about the tremendous distractions going on in the news when it comes to turning one’s attention from the television to the consideration of finances. Interestingly, the associate knew that the world events weren’t making a direct hit on their circumstances but it was easier somehow to be caught up with the world’s circumstances than to engage the current near term issues of debt! Why should this be? I think that the answer is somewhat obvious. It must be easier to worry about something that represents a worse situation than the situation that you feel that you are in when it comes to getting out of debt. However, it is never too late to deal with the challenge of debt. Never!
So what should one focus on when it comes to dealing with debt. I say pick the closest and hit it the hardest. That may turn out to be a single credit card. It might be the misspending of funds on unnecessary items or the lending of money to folks who never seem to pay you back on a timely basis. Somewhere on the horizon is a challenge to start fresh with your own situation and expect a better outcome that you’ve experienced in the past. If that’s what you need to do, then I say, let’s get going, today!