Fact: the average debt for every house hold in the U.S.A, sums up to 15,000$, not including mortgage, to this add the average mortgage payment of 1100$ a month, all accumulated to a sum of 28000.200$ piled up debt.
This is why debt-management-
"With the right knowledge, you can literally turn your position around. You can go from being in the red every month to being in the black" says Eldad. Trace your incomes and outcomes, cut off all credit cards but one, use only one payment per expense, these are just the first "technical" steps you can do, the major change starts with the head, changing of lifestyle and detained thoughts.
For example- most people don’t know the difference between expense and an investment, and Throw their hard earned money into debt, assuming it's an investment in the future, while it's really is a piled up expense.
Purchasing a house is often an investment but sometimes it's really an expense. If you can purchase property with a small mortgage, you gain by getting more for rental income than you are paying for the mortgage, plus, the property may increase in value. If, however, you invest in property taking a large mortgage, you end up paying more than 150% for the property, so the only one making a profit is the bank.
