These days, debt is THE top topic when it comes to personal finance.

Folks like Dave Ramsey have literally built fortunes on teaching people how to get out of debt, and yet, it’s still a hot topic.

In fact, the average American has over $36,000 of debt not counting their mortgages.  How does yours stack up?

Now think about this.   If your interest rate on your debt is in the neighborhood of 20%, and you owe $36,000, that’s $7,200 you’re paying every year for the honor of borrowing that money.

That’s $7,200 that you are giving your bank for the privilege of borrowing money for things that most likely you already used and may no longer even have.

I can think of like….hmmm..a thousand things I’d rather be spending that kind of money on.  Can you?

The thing is, that debt has become such an ingrained part of our lives, it’s hard to imagine not having any.  But when you see numbers like $7,200 a year you may be paying in interest, you have to pause and ask yourself “Do I have my debt under control?”

If you’re like me, you want to get your debt paid off.  You really do.  So you buckle down and really focus on making a dent in it.

Then what happens?

You get close to paying it off and you start to get comfortable.  So you start spending again.  I REALLY need a new car.  We are overdue for a vacation.  I need new clothes for work.  The hot water heater goes and you don’t have cash to fix it.  We’ve all done it.  And the world has made it incredibly convenient to borrow money so we can have what we want when we want it (and not necessarily what or when we need it).

And so, somehow, the debt never seems to go away.

Here’s a picture of how I think about the debt cycle.

Ringing any bells for you?

Let’s do a little visualization exercise.  Take a minute and imagine if you felt 100% confident that you could afford the debt you had and you never worried about making payments!  Imagine if you felt like debt was a tool you used at your convenience.  Imagine setting a date you will be debt free and then after that, you never have to take on more debt unless you WANT to.

How do you take the moments when you are feeling like you’re making headway on your debt and use them to break out of the cycle of never ending debt?

I’m so glad you asked!

This week I have a FREE eBook for you called Breaking Your Debt Cycle. 

 Click here for the FREE Download!

This eBook breaks down each step in the debt cycle and tells you how it works and gives you tips and tricks for changing your story.  So no matter where you are in the cycle,  you can break free from your old patterns.  Imagine changing your entire relationship with your debt!

Let’s do a little visualization exercise.  Take a minute and imagine if you felt 100% confident that you could afford the debt you had and you never worried about making payments!  Imagine if you felt like debt was a tool you used at your convenience.  Imagine setting a date you will be debt free and then after that, you never have to take on more debt unless you WANT to.

Make today the day you decide you’re going to do things different and keep that $7,200 for the things you really want.

Grab your FREE download here and get started!

OTHER RESOURCES YOU MAY WANT TO CHECK OUT  

Take my quick, fun personality testWhat’s Your Money Personality? 

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