This is a great article. It covers different people’s escape from debt. I don’t agree with all the methods used but the bottom line is these people took action to get out of debt and because of it they are living much happier lives, and wealthy… take a look for yourself.

Inga Shivers was working holidays and overtime and lying sleepless at night, juggling the bills in her mind — $55,000 worth — for her nine maxed-out credit-cards. The pharmacist’s exhaustion must have showed, because a kindly colleague who knew of her trouble pulled her aside and told her how he had needed help to dig out from a giant pile of medical bills.In that moment, Shivers, then 34, made her decision. She found a credit counselor, cut up all but one of the credit cards and got on a payment plan. Three and a half years later, she paid off the last of the bills.

Escape stories from debt hell – MSN Money

technorati tags:credit cards, debt relief, debt, dave ramsey

Debt is out of control but as MP Dunleavey there is a root cause. I agree with what she is saying. I also like to make the analogy of someone who has over the years become very over weight. Once you have gained the weight you need to keep eating the way you are and do little to no exercise to keep the weight on.

The hardest part of loosing weight is changing your eating habits and getting into a work out routine. It take discipline and motivation to start to make the change and finally reach your weight loss goals. I believe this is the exact reason why we get into debt and why it’s so hard for us to get out.

The good news is with discipline and motivation debt can be crushed. It will take time and serious root causes will have to be addressed. Check out MP Dunleavy’s take on debt:

Even though people pay lip service to the gospel that debt is bad, millions of Americans are still borrowing beyond their means, spending like the bills will never come — and saving less and less of their personal disposable income.

I’ve attributed this debt dependency to living in a ridiculous
consumer culture, to humankind’s innate greed, to a Darwinian need to
keep up with Mr. and Ms. Crate&Barrel, to elevated blood levels of
financial denial.

It only occurred to me recently that maybe, deep down, people not only like living on borrowed money, they’ve grown so accustomed to its seductive presence that they can’t imagine a life without owing.

Don’t get too comfy with your debt – MSN Money

technorati tags:debt relief, debt, credit cards