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.

---

Dont Drown Your Debts, Manage Them!

Are you among the millions of people who have found... Read More

Debt Relief with this Simple Formula

Is there a way to get out of debt without... Read More

How To Get Out Of Debt

If you have found yourself in a position where you... Read More

Two Ways To Debt Relief

There are many debt relief programs out there both off... Read More

Should You Invest In Savings Or Payoff Your Debts?

I have faced this financial question 8 years ago and... Read More

Debt Elimination 2

The First Step To Debt EliminationRegardless of your personal and... Read More

New Bankruptcy Law Will Not Protect You from Identity Theft

Recently passed by Congress with overwhelming support, the oddly-named Bankruptcy... Read More

Is My Credit Card Debt A Problem?

For most Americans, credit card debt is a dangerous and... Read More

Credit Card Debt & the Unfairness of the Universal Default Clause

Let's look at a real world example: A woman purchased... Read More

Five Major Ways to Save Money

There are two main roads to improving your personal finances:... Read More

How to Protect Yourself: Debt Collections

So you are getting collection calls? You're desk is full... Read More

Free Quick and Easy Money Saving Tips ? Part 1

With the high cost of gasoline and the amount of... Read More

Personal Debt Reduction Practices

Personal debt reduction practices, the steps people take to relieve... Read More

Reducing Debt Before Its Too Late - How to Avoid the Pitfalls of Creeping Debt

Reducing debt usually isn't a high priority for people until... Read More

Debt is The Master of Souls

Wholeness requires separation. In order for you to experience yourself... Read More

Christian Debt Consolidation ? Feel Comfortable About Managing Your Debt

Many Christians feel uncomfortable with the notion of being in... Read More

What the Mail on Sunday Said

Anyone considering Bankruptcy may have experienced fear after reading an... Read More

Tips To Take Control Of Debt Collection

Yes, debt collection tips can help. You may think you... Read More

Senate Passes New Bankruptcy Law

The United States Senate passed a law on March 10,... Read More

How to Reduce Your Debt in 5 Easy Steps

If you have incurred substantial personal debt, consider these options:... Read More

Credit Card Debt Elimination

Credit card debt elimination can be done with a good... Read More

A Debt Elimination Process Must Be Initiated From You.

The first and maybe most important step in a debt... Read More

Getting Past The Idea Of Budgeting & Saving Money

I'm sure you'll agree that budgeting, saving money, and eliminating... Read More

Five Hot Tips To Get Out Of Debt Forever

The financial and psychological burden of being in debt causes... Read More

Think for a Change

I'm not sure where it originated, but I've heard it... Read More

Future Secured? Oh Really?

A headline for a retirement annuities flyer declares "Future Secured!"... Read More

4 Simple Ways to Solve Your Debt Burden

Getting Behind Getting behind on your debts owed can be... Read More

Credit Card Debt Freedom is Possible

Credit card debt have you drowning financially? You're not alone.... Read More

Free Quick and Easy Money Saving Tips ? Part 2

Although many consumers would argue differently saving money doesn't have... Read More

Debt Settlement

What is debt settlement?Debt Settlement is a process to settle... Read More

Get Debt Free

If you once have been caught in the debt trap,... Read More

Debt Consolidation and Personal Finances: Learn the Truth!

An inability to manage credit, growing debt and bankruptcy are... Read More

What Is A FICO Score?

Your FICO score or credit score as it's commonly called... Read More