10 Steps to Get Out of Debt Now and Stay Out of Debt Forever

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When I explored topics for my first book more than 20 years ago, there was one that I couldn’t ignore: debt. I was compelled to write about how to avoid it and how to destroy it, because I’d personally experienced how creating debt holds you back and eliminating it sets you free.

The result was “Life or Debt.”

I’ve always believed debt is a cancer that destroys the financial fitness of far too many Americans.

Sure, there’s “good debt,” like the kind used to pay for an education, a home or maybe a business. But far too often, debt is what happens when desire meets easy credit. Result? Often, needless stress, derailed goals, ruined relationships and postponed retirements.

That’s why I’ve served on the boards of nonprofit credit counseling services, and why I’ve been preaching debt-free living for decades.

Unlike achieving massive wealth, achieving a debt-free life is within the means of most people, and getting there requires a few simple steps — not easy steps, perhaps, but simple.

That’s what this week’s “Money!” podcast is about. We’re going to talk about why it’s important to avoid debt, the fastest methods to eliminate it, and how to stay debt-free for life.

As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.

Sit back, relax and listen to this week’s “Money!” podcast:

Not familiar with podcasts?

A podcast is basically a radio show you can listen to anytime, either by downloading it to your smartphone or other device, or by listening online.

They’re totally free. They can be any length (ours are typically about a half-hour), feature any number of people and cover any topic you can possibly think of. You can listen at home, in the car, while jogging or, if you’re like me, when riding your bicycle.

You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.

If you haven’t listened to a podcast yet, give it a try, then subscribe to ours. You’ll be glad you did!

Show notes

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About me

I founded Money Talks News in 1991. I’m a CPA, and I have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Source: moneytalksnews.com