Credit card debt. The sound of that should send shivers down yours and mine spine, but likely it does not. Credit card debt has become a fact of life, and truly – a way of life for millions of Americans. Some would argue that our entire U.S. economy in built upon debt; banks offering credit and consumers taking on debt to keep the wheels of our once robust economy turning. But at what price?
The consequences of this debt mentality and debt way of life have been staggering. Millions of Americans have upwards of 10, 20, 50, and even 80+ thousand dollars of credit card debt. With so much debt owed, making even the minimum monthly payments can become impossible or nearly impossible. Recent studies have shown that debt stress is a real medical condition. This debt stress can affect your emotional health, physical health, sleep, self-esteem, even your sex life.
Why has this become acceptable? Why are we a nation of consumers, rather than a nation of savers?
Is keeping up with the Jones’ really that important? Is every new gadget that comes out really something we absolutely must have? Do our kids really need every new trendy thing that comes along? Must we continue to buy now and worry about paying it later? I, personally have friends and family that have struggled with debt and the treadmill of debt way of life. And I can tell you – it’s demoralizing. I realized through them that this is not the life for me, and in fact: it’s not the life for any of us. I offer you this advice: buy less and save more. And what do you buy – shop wiser.
John Settler has made it his life’s mission to show the ways and means to reducing your debt and over time actually eliminating for millions of Americans just like you. For more useful information on credit card debt relief, please visit Debt Relief Adviser.
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