one answer www.daveramsey.com. This guy is the financial guru. I love listening to this guy on the radio. "giving the same advice your grandma would give you except we keep our teeth in..." :) Hes the best. Check him out.
Debt has become a tremendous problem in America today. Dave teaches you how to beat debt and build wealth with a plan that works.
Myth: Debt is a tool and should be used to help create prosperity.
Truth: Debt isn't used by wealthy people nearly as much as we are led to believe.
Debt is dumb. Most normal people are just plain broke because they are in debt up to their eye balls with no hope of help. If you're in debt then you're a slave, in the sense that you do not have the freedom to use your money to help change your family tree. According to a recent USA Today article about debt, 78% of Baby Boomers have mortgage debt, 59% have credit card debt, 56% have car payments.
It takes a lot of will, discipline, courage, and help to slay the debt monster. But it can be done. Imagine how much you could put toward retirement if you just didn't have a stinking car payment? This is how the wealthy build their wealth. Debt is really dumb. Welcome to the real world!