The Debt Elimination Challenge - 90 Days to Debt Freedom

"The better a man is, the more mistakes he will make, for the more new things he will try. I would never promote to a top-level job a man who was not making mistakes...otherwise he is sure to be mediocre."
- Peter Druker

Although I believe credit to be a useful financial tool, I also believe that America, as a society, have become too dependent on credit and credit cards, using them to pay for cost of living expenses. There is currently no require courses in our school system to teach our children about the power of credit and compound interest and we, as a nation are sinking further into the abyss of runaway debt.

This is the reason I am issuing the Debt Elimination Challenge- 90 Days to Financial Freedom. In this challenge I intend to educate the consumer, young and old as to the responsible use of credit and not just managing but eliminating your debt.

But will my challenge be accepted?

That is the question. Have we become so dependent on our use of credit that we will remain slaves to our credit cards? Will we actually choose to remain indentured servants, working two jobs, just to pay our credit card bills? Will remain a nation dependent on credit cards?

These are questions that all consumers must ponder. As your monthly bills are developing into a mountain of debt, you, as consumers must decide if you will continue to accept rising interest rates and escalating fee's or if you have had enough and desire a change.

Because it is when you truly decide, to make a commitment to yourself, that things will change.

Those that are brave enough to accept my challenge must be sick and tired of this lackluster economy and is willing to take an aggressive approach to their debt problems. The first step is to have a debt management coach that will show you the steps you need to take to eliminate your debt.

It's time to be debt free.

But where do you start?

First of all, you need to stop charging. No matter what. Stop the bleeding. Do nothing more to increase your balances. In fact, total them up and let's see how bad the damage is. Now, it's decision time. Some questions to ask yourself are:

Are you behind on your payments?