Reduce Stress - Reduce Debt

I do a lot of writing about debt, mainly because I've had some of the largest financial websites as my clients for the last three years. I've written hundreds of articles on the problems caused by debt. It is alarming how many people face bankruptcy, divorce, legal action, heart attacks, and social or behavioral problems that is 100% attributed to Stress caused by debt.

The sad thing is, it doesn't have to be that way. What is the difference between people who build wealth and those who are in debt? Simple - knowledge. Most people can free up 20% of their income, just by learning how to budget. This often includes a year or two of 'tightening' your belt until you have 'expendable cash.' It may also include consolidating their credit cards through Secured Loans.

However, don't do it yourself. Many people think that a second mortgage is the same, but it costs more in interest. Others are looking to transfer credit cards to another zero interest - but they don't pay attention to the 'fees' - even fees for not making more purchases on the loan.

The people who are 'doing it themselves' and doing what 'looks good' will not get out of debt, but just defer it and later end up paying more in interest.