The First, Most Important, Step in Dealing with Debt

Controlling your personal cash flow is a great way to thrive in all areas of your life.  There’s no safety net for the unprepared, ill-advised, and wrongly confident.  But for the ones who get it right the days will be a pleasure, not a grind.

Owing people money is the most common way you lose control of yours.  I’ve noticed the top gun gurus leave out a key step when comparing their notes on “managing” debt.  If you remember this key step it might be easier than you think.

The first, most important, step in dealing with debt is asking yourself whether you intend to repay the debt.

A simple answer to this simple question can make the whole process seem, well, simple.  Now feel the resurgence of control.

MoneyKen KDebt, Money, Finances