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Go on a Debt Diet

by

John R. Burley

f your body is out of shape, you go on a diet. It’s the same with fi ghting

I fi nancial flab; to get out of debt, you go on a diet. It’s a tough routine,
learning how to lose fat and gain muscle, but once you get going, the process
is exhilarating.
I learned to develop two new habits in fighting debt that I’d like to share

with you. Integrate these principles in your new daily financial routine, and

you’ll get out of debt, too.

Habit 1: Never Use Credit on the Lender’s Terms

Never use credit cards if you can’t pay off the full balance every month. Ask
yourself what’s more important in your life—taking on more debt that weighs

you down, or increasing the financial freedom that will help you reach your
dreams?
If you’re serious about becoming wealthy, but know you’re not disci-
plined enough to use credit cards the smart way (paying off the balance in full

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