A metaphor I’ve heard of several times when I’ve written about the subject of debt reduction is the comparison of being in debt to slavery. In a sense, I can see where they are coming from, but all in all, I can't see why some people take this comparison to extremes. I even stumbled upon this book once entitled ' Debt is Slavery'. I didn't know how to react to it, but I do remember wondering if it was an incorrect metaphor or just me. I’m sure it's available on Amazon or something right about now. It does have its similarities though, I must agree. Being in slavery means not being able to enjoy the fruits of your labor. And unless you embark upon debt reduction, debt entails almost exactly the same thing. I remember back when I was neck deep in debt. Numbers consumed every minute of my [...]

I’ve been one of the lucky few people of this planet to have managed to steer myself clear of the bad economic times without a dime of debt on my name. But I’m amazed to see my friends, mostly people with sound financial cushioning and stable careers succumbing to the pressures of the recession and now burdened with heavy debts. If you are one of them, here are some things that you should do, without fail, to relieve yourself of the crisis soon. Don’t Get Psyched First of all don’t be embarrassed because you are not alone. Professional debt collectors say that these days there are a large number of middle class and rich people under huge debt. They are first timers and don’t have adequate strategies to cope with the situation. Being first timers they are dismayed and are not focused [...]