Are you a slave to debt?

Are you a slave to debt?

If you do not know what is on your credit report, then you do not know if you are debt slave or not. Harriett Tubman knew it was impossible to free slaves who were not aware that they were indeed slaves...

Far too many in our community ignore the cost of debt and the calls of debt collectors. Money management or money mismangement is the legacy we hand to the next generation. Our children learn their fiscal habits from us. They are aware of our habits of shuffling cards, ignoring and blocking calls, and stacking mail we have no idea of how to or intention of learning to deal with so we can live in peace.

Many of us assume since we do not make a lot of money there is nothing that we can do. That is not true. We can to small but regular steps to establish money management skills that will improve our sense of physical well being and our fiscal health.

One suggestion I make to kin and friend is to check their credit reports each year as they prepare their tax returns. Thanks to legislation we are able to obtain one report that is aggregated from all three major reporting agencies annually. Apply tax refund, job bonuses, or raises towards paying off lingering debt. If you find errors invest the time to contact the credit reporting agency and the creditor and identify the error with as much detail as possible and ask for a correction. This annual check up is a good basic step. Click here: AnnualCreditReport . Once we have our debt diminished we can become investors and savers which empowers us to become independent in pursuing our dreams and helping others.

Know what is on your report. Know where your money is being spent. Know where your money is invested. Knowledge is power. Know who to turn to for help and knowledge as you learn to become a money master rather than living as a debt slave!

I freed a thousand slaves I could have freed a thousand more if only they knew they were slaves." - Harriet Tubman