Comments on: Debt is the new slavery and how you can be truly be free

By: Aditya Shivahare

Aditya Shivahare — Sun, 03 Jan 2010 12:33:52 +0000

“A man in debt is so far a slave”. So easy to read but so difficult to follow because debts are wrapped beautifully to make them attractive and make you feel that it is for your benefit.
Thank you for educating us and spreading the awareness.

By: jota

jota — Wed, 30 Dec 2009 15:51:37 +0000

good article but it’s not the same for everyone, for instance in countries like argentine where the money is constantly devaluated in realation with the dollar value sometimes buying by credit card might be a good invertion, I mean if you buy a new tv, let’s say in 10 fixed quotas without interest of 100$, the first month you’ll start paying 100$ but you’ll finishing paying another 100$ that with the devaluation will result in less money.

By: Carico

Carico — Wed, 30 Dec 2009 15:37:23 +0000

We all do depend on our credit cards way to much. And there is no greater feeling then paying off a credit card but it does always seem like it is so easy to get the balance back up. I agree that as much as 29% sucks it may make people think before purchases. But probably not. We live in a now society and so we buy now and worry about the cost later.

By: AlchemistGeorge

AlchemistGeorge — Wed, 30 Dec 2009 03:24:36 +0000

This is so true, we’ve spent four years digging ourselves out of debt!

By: Nate Stiverson

Nate Stiverson — Mon, 21 Dec 2009 13:38:57 +0000

Brad, thank you so much for sharing your thoughts. I couldn’t agree more. I think that people tend to forget that banks are NOT a non-profit organization. They are in it to make money just like any other business, and if the consumer is willing to pay (high interest rates), which we are, why wouldn’t they take advantage of that?

I truly believe that education is the best defense, and weapon, we have in the fight for our own financial freedom. My wife and I have spent the last five years dumping our toxic debt and have finally achieved freedom. Now I am going to give back. I am starting a Financial Counseling/Coaching practice to help others in their pursuit of Freedom.

Keep up the good work!

By: Spencer McDonald

Spencer McDonald — Fri, 18 Dec 2009 20:59:18 +0000

Debt is the new slavery and how you can be truly be free http://j.mp/2sGFAX

By: Brad Isaac

Brad Isaac — Tue, 01 Dec 2009 13:53:50 +0000

Matt, I love your BDIL debt reduction method. Thanks for posting!

By: Matt Belcher

Matt Belcher — Tue, 01 Dec 2009 12:06:53 +0000

Good article,

We should all probably be helping to give this message to everyone. Having been through a lot of debt and helping others with debt I know how important this is.

There is a great little acronym that I was taught. BDIL.

So if you made $ a month you would pay according to BDIL.

Business, Debt, Investment, Lifestyle.

Obviously food comes first! But it’s good to use with your left over money.

TV would come under lifestyle by the way!

Matt
.-= Matt Belcher´s last blog ..Brian Tracy How to Talk: Secrets of the Great Communicators =-.

By: Rob Mowery

Rob Mowery — Mon, 30 Nov 2009 02:09:05 +0000

Debt is the new slavery and how you can be truly be free http://bit.ly/1jKlq4 (via feedly)

By: dave saw

dave saw — Fri, 27 Nov 2009 13:30:02 +0000

#debt is #slavery heres how to #getoutofdebt http://www.persistenceunlimited.com/2009/11/free-from-slaver/