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  • Will You Add? - Confront Your Debts

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    unt down on one big piece of paper and then total them up. Find out how much you owe to the nearest cent. Accuracy is vital to focus your mind on the size of your problem. Th
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    The first stage of getting out of debt is to work out the size of your problem... to the nearest cent! If you don't know the true extent of your debt, you won't be able to do anything about it.

    I want you to collect together every statement, account, bill and final reminder that you’ve got. Add together everything, and I mean EVERYTHING that you owe to other people. This includes, mortgage, rent, utility bills, property tax, the tax authorities, credit cards, store cards, overdrafts, personal loans, hire purchase, car loans, money borrowed from friends and family, other invoices, newspaper bills, even include money owed to the milkman!

    Leave nothing out!

    Write every amount down on one big piece of paper and then total them up. Find out how much you owe to the nearest cent. Accuracy is vital to focus your mind on the size of your problem. The

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    anything about it.

    I want you to collect together every statement, account, bill and final reminder that you’ve got. Add together everything, and I mean EVERYTHING that you owe to other people. This includes, mortgage, rent, utility bills, property tax, the tax authorities, credit cards, store cards, overdrafts, personal loans, hire purchase, car loans, money borrowed from friends and family, other invoices, newspaper bills, even include money owed to the milkman!

    Leave nothing out!

    Write every amount down on one big piece of paper and then total them up. Find out how much you owe to the nearest cent. Accuracy is vital to focus your mind on the size of your problem. Th

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    t you owe to other people. This includes, mortgage, rent, utility bills, property tax, the tax authorities, credit cards, store cards, overdrafts, personal loans, hire purchase, car loans, money borrowed from friends and family, other invoices, newspaper bills, even include money owed to the milkman!

    Leave nothing out!

    Write every amount down on one big piece of paper and then total them up. Find out how much you owe to the nearest cent. Accuracy is vital to focus your mind on the size of your problem. Th

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    se, car loans, money borrowed from friends and family, other invoices, newspaper bills, even include money owed to the milkman!

    Leave nothing out!

    Write every amount down on one big piece of paper and then total them up. Find out how much you owe to the nearest cent. Accuracy is vital to focus your mind on the size of your problem. Th

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    unt down on one big piece of paper and then total them up. Find out how much you owe to the nearest cent. Accuracy is vital to focus your mind on the size of your problem. There’s no place for thinking ‘oh, it’s around ninety-three thousand dollars’. That type of thought is all too easy to dismiss. At this stage you need pin point accuracy.

    Note down the interest rate on each of your debts. This will show which of your debts are the most expensive in terms of interest charged. Remember to use the APR figure for each debt. In many countries, lenders have to tell you this rate. These figures will be useful later.

    Now I realise that this might be extremely difficult for some of you. Facing up to the size of your debts can be a truly frightening experience, especially if you’ve been hiding the extent of the problem from yourself.

    But seri

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