A couple of weeks back someone asked me "What's the secret to getting out of debt?"

Wow, tough question, I thought.

Because so many people find it easy to get into debt. But getting out of debt, that's a whole different story. For many of us it's like going to the dentist - it's easier to pretend there's not a problem until the pain gets REAL bad, and you can't avoid it any further ... or else!

So, what is this secret to getting out of debt?

Is it debt settlement? Credit counseling? Getting lucky and winning the lottery? Investing in the stock market, or real estate?

Nope. Nope. Nope. And nope.

If there's one thing I've learned over the last few years, the secret to getting out of debt is ... well, it's the same as the secret to succeeding at anything in life:

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That's a question I get asked a lot. After all, there are lots of horror stories about this aggresive debt reduction strategy (that has become VERY popular with so many people in debt these days). It worked well for me, which is why I decided to share my experiences in the first place.

But I wonder - when you read about these unhappy customers, are the companies at fault? Or are their customers, who expect to get out of debt instantly after years of poor financial decisions?

The real problem is that many of these settlement companies don't educate their customers properly. Settling your debt is a lot different from credit counseling, which simply consolidates your debts and lowers your interest rates.

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