How to Get Out of Debt, Stay Out of Debt and Be Financially Free Forever: Your Essential Guide to Managing Your Debt Successfully

By Clarissa Valdez

Get out of debt easily


There are many people in today's society that do not know how to manage their debt effectively. Because of this they are overrun with debt repayments and can never seem to get on top of their finances.

Most people think that debt management means just getting rid of debt. However, it may be understood that debt management includes the entire process of handling consumer debt

In order to know how to manage debts effectively, it is important to first understand what debt management is and to also appreciate that different types of debt require different solutions.
It is a must-know for all people managing debts.

In her book "How to Get Out of Debt, Stay Out of Debt and Be Financially Free Forever", Clarissa Valdez explains the different debt solutions options and also how to know which one is best for you. There you will also discover, how to stay out of debt forever.


Debt can be like cancer. At first, it seems that everything is just fine. But it is growing slowly and killing your finances without you realizing it.


You don't have to wait till it gets out of hand before finding a solution.

Scroll up and click on the buy now button to get started.

• Language: English
• Publisher: Salvage Books
• Release date: Jan 3, 2022
• ISBN: 9791220881111

Book preview

DISCLAIMER

No part of this book should be considered legal or professional advice. Take everything I say in this book as my personal experience and opinion.

You are responsible for the actions you take by acting on the thoughts and views shared in this book.

INTRODUCTION

So, you are in debt, who is not today? We live in a society that encourages people to get into debt but at the same time, not everyone is in debt.

A lot of people know how to handle money. Their debts are manageable and they have money in the bank. Doesn't that money in the bank sound good? You deserve it. But to get there, you have to change the way you think about money a bit and learn new ways of handling it.

People who are not in debt think differently about money and treat it differently from those who are. They know some things about money and debt that keep them going. Let's call them financially ready. If you can start to relate to money like them, then you are on your way to not only being debt-free but a successful life as well.

Don't feel so bad if you can't handle a dollar well, many aren't. Schools don't teach money and too often parents are too busy coming out of their financial holes to help much. Sadly, many of us learn about money from our parents than anywhere else. The good news is that learning how to get out of debt and become financially competent isn't that hard.

Debt is sometimes inevitable, but often not. When money is tight, you have several options. Getting into debt is just the easiest thing. Instead of going into more debt, you could have decided to work overtime and earn more money, or you could have tightened your belt and spent less money. Debt was not your only choice.

There are many reasons people get into debt, some are good reasons and some are bad. It does not matter. Have you bought any luxury goods that you couldn't otherwise afford? Has illness or divorce held you back financially? Was debt your way of dealing with other sudden and unexpected expenses? When looking at why you got into debt, it's important to know if your spending habits are following a pattern. If you can see a pattern, you need to consider that pattern as well as the underlying debt.

Think about Mark and Diane. They both earn a good income; he is a psychiatrist and she is a psychologist. They have two children to whom they are engaged. They both send them to a private school that costs a total of $ 15,000 a year, and the two children go to summer camp. These costs sum up.

Mark and Diane don't buy luxury goods, don't travel a lot, and are very frugal on top of the children's expenses. But the only way to pay it all is to go into debt. They use their credit and debit cards to help them stay afloat. While they would like to move to a cheaper area, they can't because they don't have equity in their home, so