Getting Debt-Free by Following Those Who Have Already Done It

When future generations look back on the earliest part of the 21st century, what will the history books say? Will they say that the United States became a nation that was defeated by debt? Or will they say that the people of this great country managed to lift themselves out of a quagmire of financial difficulty into a pool of financial freedom?

Of course, we all know what we would like to see. We want our children to wake up without monetary concerns facing them at every turn. We want them to enjoy each day unaware of the burdensome feeling of being behind in bills. In short, we want them to live a much different life than that which most of us currently experience. There is one way to make sure that future generations are not caught in the tangle of debt that is so rife throughout the world. That one way is to learn from the experts and to pass that knowledge on to those around us.

Listen to the Professionals

There is no shortage of advice available to those who wish to listen. However, the advice you choose to listen to and follow can be the difference between savings and struggles. It is best to choose advice from well-known sources that offer proven savings methods. The John Labunski Retirement Talk Radio program, for instance, promotes strategies that may be necessary for those have have 5-50 years before retirement age arrives.

Though no one should wait to start planning for retirement, many feel that they cannot begin putting away money for the future until they pay down the debt that they have accumulated today. Following the advice of a well-respected financial adviser is the best way to get started on the path to a financially independent future.

Implement Time-Tested Practices

Financial advisers around the globe agree that the first step to getting debt-free is for individuals to stop financing their lives. Though it is not necessary to destroy credit cards, it is necessary to pay them down and use them for emergencies only. Make sure to pay as much as possible each month. Once the cards and any other debt has been paid, do not spend more than can comfortably be paid back in full each month.

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Savings isn’t all about paying back debt. It is also about reducing spending. In the modern world, this can seem easier said than done. Make an inventory of expenses, then make the hard choices about what items can be reduced or removed. This requires wise choices as well. Think about luxury items and entertainment expenses as surplus and unnecessary if the budget doesn’t add up.

Educate Others

Children should learn from their parents mistakes. Be sure to share these struggles, in a simple yet honest way. Kids must understand the importance of living within their means and saving for the future. In this way, parents realize their dreams of living debt-free while giving their children and even better change at a brighter tomorrow.

About the Author: Anna Hicks is a freelance writer who is normally writing on the topics of business and finance. Anna has been reading and writing on personal finance for years and likes to use her knowledge in practical applications for everyday readers. You can read more finance writing by Anna at

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