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June 12, 2006
Goals, Hopes, and Plans Can Be Destroyed by Debt – But there’s hope!
Your wildest dreams are actually quite attainable but if you are one of those who abuses and misuses their credit cards you are diminishing your chances of achieving your goals.
Most people set goals for something special they want or want to do in life and THE most common element holding dreamers back is money. Even if your hopes aren’t really money related, you may be held back from pursuing your dreams due to your job. The need for earning money is always an issue.
So what can be done, you might be buried in credit card debt and that is going to really impose a problem in pursuing your goals. I know the feeling all too well! It was only a few short years ago, 5 years ago to be exact, that I was a slave to the daily grind. I dreamed of freedom. For me freedom meant not having to set an alarm clock to get up in the morning only to battle rush hour traffic for a job which I could not stand.
In order for me to pursue my goal of freedom and quit that nasty job I had to find a way to pay off some bad debt. There is such a thing as good debt by the way. Good debt is debt that you take on in order to make money, such as an investment property or stock portfolio. Bad debt is debt that costs you money, where there is no chance of making the money back such as a car loan or purchasing gadgets on a credit card.
Now, working at my job there was no way to really get ahead and start paying off credit cards other than to try to squeeze in some overtime hours which was sporadic at best. I was fortunate enough to have a friend who started his own business which produced a lot more than I was making and allowed him the freedom to do what he wanted, when he wanted.
I wanted a piece of that action! So I helped him (for free) in his business and in return I learned the ropes of what to do to follow in his foot steps and make a great living for myself. A living that provides me with the freedom I dreamed of. Incidentally, I have been free from a job for almost 4 years now. That’s right, within a year of starting my own business I was able to leave the “real job” for good and now can work whenever I feel like working, not working because I have to.
If you work at a “real job”, that job is likely going to be the key factor in not being able to achieve your dreams. Your credit cards and other debt will definitely factor in too. To chase your dreams you are going to need to be “debt wise” and avoid any debts that are not going to produce a return on investment.
Stay tuned – More to come on getting rid of those credit card bills and how to earn more to pay off debt to chase your goals, hopes and dreams!
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