How To Get Out of Debt

[Issachar]

Why, borrow of course! If I was trying to be funny, that would be a dumb joke, right? But, in today's upside down world, that is how debt is "solved." This AP article explains it. Be it far from this "world's" mentality that it should live off of the fruit of it's own labor. No, it must borrow from their children and their children's children and children that haven't even been thougt of yet. That way, they can have more for themselves, now. Cool, eh? Not. It all goes back to what God said in Gensis.

Greece is near default .. sinking not only economically, but socially too .. because of debt. (of course the debt is because of ungodliness and no wisdom, just as in most nations today.)

It seems like the terms (hey, what do words mean today anyway?) "bailout" and "loan" would be two different things. But there have been "bailouts" of countries and businesses that have been paid back, most often through borrowing from yet another entity (e.g. Chrysler). Some folks ask, "Who would bailout the U.S. if it needed it?" I contend that it has needed it already, at least a few times, and got it. Who bails it? Current taxpayers and future taxpayers. It's all a shell game, but instead of the media being investgative and honest, it allows itself to just be the good news bearers for the globalists.

Issachar

[Guest]

Re: How To Get Out of Debt

I realized as a young person in the military that if I was short one week I could borrow $20 from the local loanshark untill next payday...

The problem was that I had to pay back the loan with interest out of my next check so I ended up with even less money to spend the next week

I may be slow, but It didnt take me too long to figure out that credit dug me into a hole......
so that today I only use credit if I really have no choice. and I pay it back as soon as possible.......

[cornerstone33]

Re: How To Get Out of Debt

Credit is good if you know how to management it, and don't go over one's head which is very easy to do. Pay it off right away this way, you avoid the high interest. If you have debt now, payoff asap starting with the cards that have the smallest balance and then go to the big ones. Make a sheet of all your credit cards, and as you pay them off, scratch them off your list and you will start to feel better as you see that list dwindling down. It's a good way to start if you can, to free yourself from the greedy credit card industry who charges too much interest to even those who have really great credit scores.

Also, you want to make sure that you have nothing else but your mortgage and utilities, that need to be paid and of course, everyday stuff. I believe something is coming, and it will be good to have most things paid so that you don't have to struggle so much.