Is there a Formula to become debt free?

Date: Mar 27, 2009

Is there a Formula to become debt free?

craig927 · Posts: 6

I'm new to this forum but I think the best formula for getting out of debt is to first realize the need to be debt free and then just commit to actually do it. Once you do that everything else will fall in place. Where there is a will there is a way.

Dave@D2P · Posts: 20

Hi Anonymous,

I think Craig927 has a good point. The first step to becoming debt free is to make the commitment that you are going to get there. I'm guessing that you are not a member of the D2P program yet, because the simple formula to getting out of debt is one of the first things we cover. Getting out of debt doesn't have to be complicated, here are 3 basic rules to follow: 1) Stop going further into debt 2) Learn to operate on cash not credit 3) Get out as fast as possible and minimize the interest you pay. While these rules are simple and easy to grasp, it is important that you carefully analyze your financial situation to find a debt elimination plan that will empower you to follow those 3 simple rules. That is where some professional guidance can be helpful.

Here are two resources you may find helpful:

You can contact RAM Financial Services at 866-726-2122 and receive a FREE consultation with one of their consumer advocates or visit http://www.calltheram.com/

If you want to do it yourself you can check out the Ultimate Guide to REAL Debt Relief by visiting www.getrealdebtrelief.com

If you have any questions just leave a post and I'll help anyway I can.

-- Edited by Dave@D2P on Monday 30th of March 2009 10:24:43 AM

Date: May 12, 2009

Thanks Dave and craig927. I was expecting some long answer. Sometimes the simplest answers are ignored. In order to correct the problem you have to realize there is a problem. Once you realize there is a problem, then you see what can be done to correct it. I went to Ram's website and requested for a free ebook "Confused About" was really helpful.

Date: May 15, 2009

I know what you mean. Once I got past the denial and admitted my debt was a problem I made a commitment to do something about it. As soon as I made that commitment I found all kinds of help and suggestions to deal with the problem. The hardest part was admitting to myself that I needed to deal with my debt.