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Are you trying to get your bills paid? Do you have large credit card bills, car payments, medical bills, high rent, or college tuition to pay? If you have any of these debts, you are not alone. However, just because other folks are in debt, does not mean you have to be in debt..The number of people filing bankruptcy across the world each year has reached all-time highs.The question many are asking is this, "How can i get out of debt?"
Is this obvious to you?
Let;s state the obvious: The very cause of debt is overspending. Saving more money does not fix the problem, but it can help. Earning more money does not fix the problem, but it can help. Most debt managers and counselors focus heavily on ways to reduce spending. The results are often mixed. Many financial institutions offer investment products. For the majority of society that does not save money, these products do not work. Think about it for a moment. If nobody is saving money, then there is nothing left to put into a mutual fund, IRA, or other banking investment product. These products work great for a society that saves money consistently. Clearly, that is not the society peoples lives in today.
Is this obvious to you?
Let;s state the obvious: The very cause of debt is overspending. Saving more money does not fix the problem, but it can help. Earning more money does not fix the problem, but it can help. Most debt managers and counselors focus heavily on ways to reduce spending. The results are often mixed. Many financial institutions offer investment products. For the majority of society that does not save money, these products do not work. Think about it for a moment. If nobody is saving money, then there is nothing left to put into a mutual fund, IRA, or other banking investment product. These products work great for a society that saves money consistently. Clearly, that is not the society peoples lives in today.