Archive for the ‘Financial Milestones’ Category

First Thing’s First - Getting Out Of Debt

Thursday, September 20th, 2007

Upon this road towards financial independence, the first, crucial step will be towards eliminating consumer debt. I, like many of you, have over the years accumulated thousands of dollars on credit cards. It has not been until recently that I have taken the time to evaluate my present situation and realize just how destructive towards financial independence consumer debt can be. The “consumer debt”, as you may already suspect, that I am referring to is of course that which is incurred by credit cards.

Currently, I am approximately $23,000 in debt. Over the past several months, I have managed to move most of this debt to 1-year 0 balance introductory APR credit cards. This of course means that, for as long as I make my minimum payment on time, I will not have to pay the finance charge for these cards.

Right now, my primary focus is the total elimination of this $23,000, and I will keep you posted throughout these “Financial Milestones” as to my progress.

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