Do you suffer from the feelings of being in bondage to your debts? Well, that’s been devised by design. Who and how it was devised like that is a discussion for another blog, but you will surely want to know about the 7 secrets that will free you from debt slavery. Actually, the only basis I’ve chosen for calling it this is because these seven secrets are what the wealthiest people and families have identified and practiced for generations. I believe what you will discover is that the focus on these secrets is not a great deal about debt, but about fresh new habits. The next six Blogs will give all the secrets so you will want to pay close attention to these posts.
Secret 1
Your individual debt was acquired lawfully, you didn’t steal from a bank, but the creditors took a risk on you, insured the account and they are adequate enough to deal with it. Count yourself lucky, this money was received legally and there are no tax ramifications to it unless you were trying to pay it. And, the single way you have any collection risk is if you persist with your same banking and credit habit behaviors.
Summary: Debts are insured by banks. Taxes are only a concern on debt forgiveness amounts, that is if you pay back the money at a settled amount.
