I see numerous reports online that explain how one must get out of debt and an endless flood of advice on how to best deal with your financial situation. First, lets look at the numbers :
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When the time comes for you to wield the axe and take a huge step towards getting rid of your financial problem, the world advices you to go for debt consolidation. — which typically means that you take a one huge loan and pay off all the smaller loans such that you can just continue to pay one single Interest rate and strive to pay up one single loan.
Hey, we had to solve the problem — not merely tweak it. If you are in debt, you need to get out of it, not make it look good or reduce it. Of course debt consolidation is an effective first step, but it is still the first step, not the end of it.
You need to get rid of debt, then you will need to steel yourself up and work extra hard in doing two things simultaneously — lower your expenses ( and debt consolidation might help you do that) and increase your income. A huge amount of information exists online to help do both — discussed individually, of course. You will do well to pick this information up, slap it together and then use it for your advantage.
It is no fun living with straps of debt creating deep red wounds on your shoulders; living without a care in the world and without an iota if responsibility towards your family which will inevitably bear the expenses you created out of your foolhardiness.
It is time to achieve financial independence and for all losers out there who think that money would come the easy way, forget it and continue living miserable lives. If you want to do something about it — well, DO something about it. The world was never such a forgiving, resourceful and helpful place and you have the world at your fingertip, if only you extend a hand.
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