ssary.

This is how you can conquer the mountain. 1st the smallest balance (keep making regular payments on the other obligations; your credit rating is at stake.) when this is paid in full you can apply that extra money to the principle of the next largest debt, then so on and so on.

Until you have finally paid off all of your credit and charge cards, then you can work on eliminating the larger balances. Your goal should be to conquer the mountain in an orderly fashion so you don't become overwhelmed in the process.

Once you have reached a point wher

I remember as a child hiking through the Rocky Mountains, with its steep slopes and jagged rock formations. The road trip was a thing of magnificent beauty. Miles of trees and rocks as we ascended upward thousands of feet above sea level in our voyage to the wilderness.

I remember being mesmerized by the monumental walls, scathing hundreds of feet straight up into the sky. Hours passed as we approached our destination. That was only the beginning of our journey.

Once we arrived at a point where we would leave our vehicle we loaded up our supplies and began the second phase of our journey. We would hike into the deeply wooded area to find the perfect camping ground. This would take up to several hours as we navigated the steep hillside and rough terrain.

Then once we arrived we would set up camp and get ready for our adventure. Fishing and camping was the best part of my child hood. I remember catching my 1st fish and all of the experiences of learning to cast the bait where the hungry fish were hiding, the setting of the hook on the nibble and reeling in the whale (or so I believed).

All of this took time and patience something we lose sight of as we turn into adults. Yet the lessons of patience are needed when we look into our financial stability and our obligations when it comes to debt.

You see when we take a good long look at where we are today and what we want to accomplish for tomorrow the end of the rainbow seems so distant. Conquering debt has to be done in a manner that makes progress easy and painless.

Setting up a plan of action can be as simple as getting a credit report and reviewing your current obligations. What types do you have? Auto loans, credit cards, mortgages, utilities and medical expenses. Take a look and perform this strategy.

Organize your debts from the smallest debt to the highest debt on a piece of paper.

Now look at the amount of interest you pay. I would be willing to bet that the lower balances are costing more in interest that the larger balances; am I correct?

Now make a promise to yourself not to charge any more on your credit lines until they have been eliminated. I don't mean just pay them off and rack them up again. Seriously pay them off and use them only when necessary.

This is how you can conquer the mountain. 1st the smallest balance (keep making regular payments on the other obligations; your credit rating is at stake.) when this is paid in full you can apply that extra money to the principle of the next largest debt, then so on and so on.

Until you have finally paid off all of your credit and charge cards, then you can work on eliminating the larger balances. Your goal should be to conquer the mountain in an orderly fashion so you don't become overwhelmed in the process.

Once you have reached a point where

the second phase of our journey. We would hike into the deeply wooded area to find the perfect camping ground. This would take up to several hours as we navigated the steep hillside and rough terrain.

Then once we arrived we would set up camp and get ready for our adventure. Fishing and camping was the best part of my child hood. I remember catching my 1st fish and all of the experiences of learning to cast the bait where the hungry fish were hiding, the setting of the hook on the nibble and reeling in the whale (or so I believed).

All of this took time and patience something we lose sight of as we turn into adults. Yet the lessons of patience are needed when we look into our financial stability and our obligations when it comes to debt.

You see when we take a good long look at where we are today and what we want to accomplish for tomorrow the end of the rainbow seems so distant. Conquering debt has to be done in a manner that makes progress easy and painless.

Setting up a plan of action can be as simple as getting a credit report and reviewing your current obligations. What types do you have? Auto loans, credit cards, mortgages, utilities and medical expenses. Take a look and perform this strategy.

Organize your debts from the smallest debt to the highest debt on a piece of paper.

Now look at the amount of interest you pay. I would be willing to bet that the lower balances are costing more in interest that the larger balances; am I correct?

Now make a promise to yourself not to charge any more on your credit lines until they have been eliminated. I don't mean just pay them off and rack them up again. Seriously pay them off and use them only when necessary.

This is how you can conquer the mountain. 1st the smallest balance (keep making regular payments on the other obligations; your credit rating is at stake.) when this is paid in full you can apply that extra money to the principle of the next largest debt, then so on and so on.

Until you have finally paid off all of your credit and charge cards, then you can work on eliminating the larger balances. Your goal should be to conquer the mountain in an orderly fashion so you don't become overwhelmed in the process.

Once you have reached a point wher

and patience something we lose sight of as we turn into adults. Yet the lessons of patience are needed when we look into our financial stability and our obligations when it comes to debt.

You see when we take a good long look at where we are today and what we want to accomplish for tomorrow the end of the rainbow seems so distant. Conquering debt has to be done in a manner that makes progress easy and painless.

Setting up a plan of action can be as simple as getting a credit report and reviewing your current obligations. What types do you have? Auto loans, credit cards, mortgages, utilities and medical expenses. Take a look and perform this strategy.

Organize your debts from the smallest debt to the highest debt on a piece of paper.

Now look at the amount of interest you pay. I would be willing to bet that the lower balances are costing more in interest that the larger balances; am I correct?

Now make a promise to yourself not to charge any more on your credit lines until they have been eliminated. I don't mean just pay them off and rack them up again. Seriously pay them off and use them only when necessary.

This is how you can conquer the mountain. 1st the smallest balance (keep making regular payments on the other obligations; your credit rating is at stake.) when this is paid in full you can apply that extra money to the principle of the next largest debt, then so on and so on.

Until you have finally paid off all of your credit and charge cards, then you can work on eliminating the larger balances. Your goal should be to conquer the mountain in an orderly fashion so you don't become overwhelmed in the process.

Once you have reached a point wher

credit cards, mortgages, utilities and medical expenses. Take a look and perform this strategy.

Organize your debts from the smallest debt to the highest debt on a piece of paper.

Now look at the amount of interest you pay. I would be willing to bet that the lower balances are costing more in interest that the larger balances; am I correct?

Now make a promise to yourself not to charge any more on your credit lines until they have been eliminated. I don't mean just pay them off and rack them up again. Seriously pay them off and use them only when necessary.

This is how you can conquer the mountain. 1st the smallest balance (keep making regular payments on the other obligations; your credit rating is at stake.) when this is paid in full you can apply that extra money to the principle of the next largest debt, then so on and so on.

Until you have finally paid off all of your credit and charge cards, then you can work on eliminating the larger balances. Your goal should be to conquer the mountain in an orderly fashion so you don't become overwhelmed in the process.

Once you have reached a point wher

ssary.

This is how you can conquer the mountain. 1st the smallest balance (keep making regular payments on the other obligations; your credit rating is at stake.) when this is paid in full you can apply that extra money to the principle of the next largest debt, then so on and so on.

Until you have finally paid off all of your credit and charge cards, then you can work on eliminating the larger balances. Your goal should be to conquer the mountain in an orderly fashion so you don't become overwhelmed in the process.

Once you have reached a point where the momentum of your effort is taking huge bites out of the principle balances you may wish to look at refinancing the debts under your mortgage.

Some of the benefits are interest deduction and faster elimination of higher interest rates. You can also use the equity in your home for investment purposes which will offset your debt in the long run.

Remember before making these decisions you have to weigh the pro and the cons, does it make sense to start the term over on your mortgage are you disciplined enough to make this decision and follow through with it once the money gets into your hands?

Why start climbing the mountain from the bottom when you were already half way there?