10 Commandments of Debt Elimination ” Eliminate Debt Now”
1.) Thou shalt learn the difference between “needs” and “wants”.
2.) Thou shalt not use credit to purchase expensive toys.
3.) Thou shalt create a budget and debt elimination plan and stick to it.
4.) Thou shalt not covet they neighbor’s mortgaged-to-the-hilt McMansion, nor his soon-to-be-repossessed Mercedes, nor the 50′ inch LCD TV he will be paying off for 5 years at 25 percent interest.
5.) Thou shalt create an 6 month emergency fund and set aside money for it every month.
6.) Thou shalt not spend more than you earn.
7.) Thou shalt not live beyond your means.
8.) Thou shalt not open any new lines of credit.
9.) Thou shalt teach thy children from an early age how to manage money responsibly.
10.) Thou shalt not ever make late payments, because they will ruin your credit and take money out your pocket.
If you continue to adhere to these 10 Commandments of Debt Elimination, you will live a debt free life, and have total freedom over the major decisions you make.