More and more people are going into bad debt, whats the best way to avoid being a slave to finance companies?

I just hate the idea of being a slave.

Live within or beneath your means.

Most people don't plan very well. The key is to create a strict budget and follow it. No matter what a persons pay grade, a strict budget will lead you on the path of financial stability.

Don't take on any debt. If you have debt, make it your first priority to pay it off, then pay cash for everything. EVERYTHING!

Don't buy stuff with credit cards.

Save for what you want instead of the "buy it now" mentality. Never ever get a credit card instead have a good savings account. Who would you lend money to. someone in debt or someone who knows how to save?

Everyone, myself included, that gets into debt does so willing. Do buy things you do not have cash for. That is all it takes to avoid being a debt slave. Once you are in debt it is very hard to get out. You need to view debt reduction as your first priority, after that view savings as your first priority.

It really is that simple. Now I wish I could do it.

DJ,
visit daveramsey.com to learn what the bankers Pray you never ever learn.
apply some of his simple principles .
read the millionarie next door and understand car loans are for people who will all ways be a slave to debt. paid cash for 02 dodge ram.
no debt here an more

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