I was talking to a friend of mine last night and somehow we started talking about why people don't get out of debt.
I must admit because my mindset is so focused on staying debt free and helping other people become debt free I've been missing the reason why most people can't get out of debt...
First he stated that he wanted to get out of debt by making more money. That's a solution to getting out of debt but it really doesn't work that way when people try to put it into action. Why? Because for most the more money you make the more you spend.
Just look at your situation right now. You're probably making more money than you made 3 or 5 years ago and you probably have more debt.
So the solution to that would be to learn how to handle the money you have and you'll learn to handle more money that you will have later.
Also a persons MIND cannot assess the future of having more money, you might think of having more money but you're action will work with what you have now.
Another good question / statement he made was...It's easy to get out of debt, all I have to do is spend less than I make - simple math!!! LOL
I replied...yes but its more than just the numbers its about your current behaviors. If it was all about the numbers everyone would spend within their means but look at our government and citizens. The majority are overspending...LOL :)
Getting out of debt can be simple if you understand how to do it the right way. You don't need a lot of money you need a simple solution and action towards your goal.
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