Darren Gaudry Says "Separate Debt Guilt from Shame"
Many people are ashamed of their debt and simply hide it. They never cut down on spending and never face the music. Stop Spending, eliminate the debt and then build your wealth.
So I received a letter yesterday that I want to share --
"Dear Darren Gaudry"
Right out of college , my wife and I both landed fairly decent jobs. Newly married and living a single life, we didn't quite watch our spending habits like we should have. Using the credit card to pay for groceries, gas, utility bills and restaurants, we now owe more than $10,000 to XXX XXX bank.
Looking down the road, we're focused on paying off debt and building a savings, but it seems like no matter what we do, we're still drowning in bills. How do build enough wealth to pay off everything and live comfortably?
Sincerely,
Jonathan
My first advice is to look at where your money is going. Are you really spending your money on necessary items? Cut the cable bill. Slash that grocery bill. Stop the eating out for a while. There are many things you can do. Save money by diminishing your expenses, and place that extra savings towards debt.
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