Beat Debt Guide

Archive for June, 2010

If I had a pound for everytime somebody asked me, “What would be your most important piece of debt advice?”,  I would be a wealthy man.

There is no single piece of debt advice that will solve all debt problems.

Everybody’s circumstances are different. What will work for you may not work for somebody else. That is why I created the Beat Debt Guide. It enables you to have a personal journey to beat debt and has all the advice you need to get yourself out of debt to suit your individual needs.

When you’ve built up loans and credit card debts it can seem like a mountain to climb to recover them but the hardest part is realising that you’re in debt and have a problem that needs to be resolved.  If you are here you have hopefully realised that and are on the first step of the journey.

When you build up loans and credit over a period of time it can be hard to know where to start but remember Every Single Penny Counts.

In fact where ever you are in the world the Debtiples™ principle can be applied.   Every single dollar, euro, pound, cent, yen ALL count if that’s your currency.   If you’re in debt the same situation applies.

You need to realise you are in debt and the sooner you start to beat debt the sooner you will be out of debt.

Interesting article on BBC News website about the countries within the Eurozone and how many of them have breached their own rules. One of which is that the annual government deficit must not exceed 3% of GDP. If the UK were a member of the Eurozone it too would be outside this range.

It shows what a serious situation we are in and also the importance of not breaching rules. They are there for a reason. It is just like managing your own personal finances. If you need to borrow you need to make sure you can afford it. If you can’t it will ultimately come back and haunt you.

Make sure you have your own rules in place and stick to them. If you break the rules you will have to manage the consequences.