Almost everyone has debt!
However, there is Good Debt and Bad Debt!
Good Debt, is good because the borrowed money was used to purchase or create something that now brings in more income than the repayments cost.
Bad Debt is bad because the money was used to pay for something that may have satisfied an itch at the time, or it may have been a short term solution to a problem. However, after the initial feeling of relief or satisfaction, it then causes an unpleasant drian on your bank account, and meeting the repayments weighs heavily on you, dragging you down and causing you grief, stress and sleepless nights.
‘Get out of Debt’ Club to the Rescue
On your own, it is difficult to get out of debt.
Did you know that it is 10 times more difficult to get out of debt than it is to become wealthy?