Seems like you’ve always been stuck in debt and don’t see a way out. Sometimes you may think that you’ll never be out of credit card debt. You’re not alone. Millions of people suffer from this same thinking every day. Tons of people lose sleep over it every night worrying about paying the credit card bill.

Well, the credit card companies would love it if you were never out of debt. They love you. The credit card companies love it when you have trouble paying your bills and miss a payment. They get to charge a $39 late fee and then get to raise your interest rate as well.

And on top of that, you get a black mark on your credit report and your credit score goes down just for that one little slip up. And that one little missed payment will affect your credit score for several months, possibly even years. You miss one monthly payment by a few days and make 11 on time payments for the rest of the year but yet you’re punished for a long time. Sometimes it just doesn’t seem fair.

So back to the question at hand, are you ever going to be out of debt? The answer is, “depends.” If you’re a fan of poker, you hear that term a lot when you want to know how to play a hand. If you keep charging small meals and quick trips to the mall to buy a new pair of shoes or if you keep downloading the latest pop songs on iTunes then the answer is no, you will never get out of debt.

There are habits that need to be changed in order for anyone to get out of debt. The pain of being in debt has to be so severe that the pleasure of being out of debt will finally look good. If the pain of being in debt is only a minor thorn in your side and you can make the minimum payments each month then you probably won’t get out of debt.

You’ll just keep racking up wonderful interest charges for the credit card companies each and every month and you’ll keep getting new credit card offers from all the other credit card companies that want to reward you for being such a good customer.

If you want to get out of debt, you need to sacrifice, you need to cut back. You need to give up stuff you really don’t need in order to get the most valuable thing you can have - your freedom. Freedom to do what you want and not be under anyone’s control. You don’t want to be working just to pay your credit card bills. You want to work and be your own person. When you’re in debt, you’re not in control of your life. Your under the control of the credit card companies.

Make up your mind to get out of debt once and for all. Cut up the credit cards. Cancel the department store credit cards and when you get those Amazon emails saying your favorite author just released a new book and suggests you go buy it - don’t. You’ll thank yourself months from now when you start to see your credit card balance go down and you’ll sleep better knowing you’re on your way to getting out of debt.

-Adam

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