Purchase Your Future Now While It Is Still Inexpensive

Leaving school, getting a new job, or even a raise at your current one, has most people considering their next great purchase. Few think about the affect this could have on their future. Rather than pay down the debt they carry, many ponder, "What can I buy now"? The greatest purchase anyone can make is their future.

Each year as you live your life, the proper choices would have you possessing a greater net worth at the end of the year than you had at the beginning. What happens though, is you usually find yourself further in debt. The balances on your credit cards are higher. You bought a new car. You needed more toys for the home.

This is not how you purchase your future. You pay all your bills, except for one. Your future does not submit an invoice; you never receive a statement. Even though it does not demand an interest payment, the longer you give no heed to the purchase of your future the more it will cost you. Your future has no advocate, except you, you can't continue to ignore it.

You gladly pay on debt, mostly for items that lose their value, or had none in the beginning. These are payments which if properly directed could easily purchase your future and secure some peace of mind.

It is important to note some disturbing trends. Recent news stories point to large companies who are in trouble going to the courts to eliminate the need to fund the retirement plans for their employees. Under-funding of pension plans has been a problem for years. The money simply will not be there when many are ready to begin drawing on it.

Then, recently Alan Greenspan, the chairman of the Federal Reserve Bank, said the congress needed to get serious about cutting back Social Security and Medicare. Where does the money for your future come from? Apparently not from there either.

You need to look in the mirror. The person you see there is your only hope. It is the person looking back that will either ensure or sabotage you future. Can you depend on the reflection to get rid of the overhang of debt in your life? It is your only chance. But you cannot wait, you must do it now.

It reminds me of the movie from a few years ago, "Hunt for Red October".

You might remember the scene where the American officers have just come onboard the Russian sub. In the process of turning over his ship, the sub is attacked by another Russian sub. With Americans at the helm and on the sonar station the Russian sub captain assumes command. He orders the sub turned toward the direction of the fired torpedo and moves toward it.

The American officer is yelling and threatening the sailors. He is certain this is not the course of action to follow. However they obey the instructions of the Russian officer. They meet the torpedo head on and it bounces harmlessly off the hull of the sub.

The American officer realizes what has happened. They were able to close the distance with the torpedo before it had a chance to arm itself. Upon reflection, his response was two words, "Combat Tactics".

How does this apply to you? You need to meet your debt head on, not run from it. Take care of it before it has the capacity to destroy you. Even with family members "screaming and threatening" you need to turn your ship to decrease the distance debt stretches in your future and assume "Combat Tactics".

This is a great challenge. That's why you should carefully decide how you spend your money. It is why you need to track your spending. It is why you should engage in aggressively paying down your debt. These things are "Combat Tactics" against debt. When that battle is over they can become your peacetime policy to purchase and ensure your future.

David Wilding

http://www.debtattack.com

Changing Attitudes Toward And Acceptance Of Personal Debt

About The Author

David Wilding has, for the past ten years, been trying to help people rid their lives of debt. Through changing their attitudes towards, and their acceptance of, debt in their lives, he has help many to reach the goal : living debt free. Visit his website http://www.debtattack.com.

Gulf Times
Ivory Coast could get debt relief mid-2009 - World Bank
Reuters South Africa, South Africa - 23 hours ago
This is Ivory Coast's third attempt at HIPC debt relief. According to Economy and Finance Minister Charles Diby Koffi, external debt repayments amount to ...
W. Bank says Ivorian aid tied to cleaning up cocoa Reuters South Africa
all 11 news articles

BBC News
Progress seen in debt relief for poor countries
Pakistan Dawn, Pakistan - Sep 4, 2008
By Masood Haider UNITED NATIONS, Sept 4: A new UN report finds significant progress in providing debt relief to the world’s poorest countries. ...
Poverty-reduction aid lags, study finds Los Angeles Times
DEVELOPMENT: UN Warns of Faltering Goals on Aid, Trade IPS
Donors’ Aid to Poor Nations Declines, UN Reports New York Times
UN News Centre - Reuters South Africaall 184 news articles

Hurricane Relief Efforts Create Red Cross Debt, Nonprofit Says
Washington Post, United States - Sep 5, 2008
By Philip Rucker The American Red Cross said this morning it is going deep into debt to fund a $70 million Hurricane Gustav relief effort, ...

Handloom weavers may get debt relief
Business Standard, India - Sep 2, 2008
After the debt waiver scheme for farmers, the Union government is hoping to extend a similar scheme for handloom weavers. The Union textiles ministry, ...

Bankruptcy lawyers can advise clients on debt-court
Reuters - Sep 5, 2008
The amendment in dispute prohibits debt-relief agencies from giving clients advice about taking on more debt before filing for creditor protection. ...
8th Circuit: Bankruptcy Provision Violates Lawyer Free Speech Rights ABA Journal
all 5 news articles

Gene F. Turnwald: Debt relief might be less than it promises
Lansing State Journal, MI - Sep 2, 2008
I ask you to please keep that in mind when dealing with debt relief companies that guarantee to lower your credit card or loan payments and interest rates. ...

Justices fault part of 2005 debt law
Arkansas Democrat Gazette, AR - Sep 6, 2008
“The threat of being labeled as a debt-relief agency has curbed or chilled big firms from doing pro bono work for people” who need bankruptcy, Henry Kaim, ...

Group advocates tax increases and non-user fees for sewer debt relief
The Birmingham News - al.com, AL - Aug 29, 2008
At a morning press conference, the group put forward "the people's plan," an 11-point proposal for dealing with the debt. The activists, including a ...

Staying On Track with Your Debt Relief Plan
3x24 - Your Newspaper and News Magazine, Germany - Aug 29, 2008
All these things, however, pale in comparison with the importance of sticking to and staying focused on your debt relief plan. Sticking with a debt relief ...
4 Simple Steps To Getting Rid Of Credit Card Debt 3x24 - Your Newspaper and News Magazine
Settling Credit Card Debt: Choosing the Right Words 3x24 - Your Newspaper and News Magazine
all 3 news articles

Canada Bonds Gain as Economic Slowdown Drives Investors to Debt
Bloomberg - 19 hours ago
``Technically no recession, but no relief from fairly sluggish growth either,'' said Craig Wright, chief economist at Royal Bank of Canada in Toronto, ...

Wind Chimes and more...

Windchimes for great gifts!

Use A Debt Checklist To Examine Where You Are