Debt, that stranglehold around our finances as well as the cause of sleepless nights and daily worries for many of us, doesn’t look as if it will be going away anytime, soon, for us or the global economy!

So what should we do about it? We should get financially educated, because financial education is the only way to combat the debilitating state ’debt’ creates for many of us. We need to increase our knowledge of debt in order to overcome our fear of it.

Robert Kiyosaki, author of Rich Dad, Poor Dad, who I mention a lot here on Becoming Financially, writes “Without Financial Education, your money flows to those who profit most from your financial ignorance.’

He also talks about how debt and taxes can be a positive thing. For more information on this click here.  His reason is, in the words of Albert Einstein “You cannot solve a problem from the same consciousness that created it. You must learn to see the world anew.” If you don’t then those who do, in Robert’s opinion, will have unlimited opportunity in the next few years of financial crisis, whilst those who don’t will be wiped out.

I write the above because I want you to realise that to a certain extent it is not entirely your fault that we are in the predicament we are in!  This does not mean we should shirk our responsibility regarding paying our debts back, but neither should we beat ourselves up over it; lose our marriage and families over it; and most certainly not kill ourselves over it!

I came across this documentary film called ‘In Debt We Trust’ by Danny Schechter, yesterdaywhich is just brillant and is something parents, university students and graduates, in particular, should definitly watch. I doubt Credit Card companies are being so agressive in dishing out ‘credit’ disguised as future long-term debt these days, what with the current global economy being what it is! But even so the points highlighted in this film below, are still relevant, regardless.  Enjoy! And start becoming (more) financially savvy!

Watch more free documentaries

Debt Resources (of which there are many!)

 Life UK Financial - FREE Financial advice on Debt and other financial product and services.

Money Buddies - an informal blog by a woman in debt getting herself out of debt and sharing her story and experiences to others in order for them to be more aware of their rights in this country! Very interesting, informative and an enjoyable read!

CAP – Christians Against Poverty - Christians Against Poverty is a national debt counselling charity with a network of 125 centres based in local churches. CAP offers hope and a solution to anyone in debt through its unique, in-depth service.

War on Debt by Dani Johnson - I think the title ‘War on Debt’ says it all!  Dani deliver’s a powerful program empowering you to take proactive and aggressive action on your debt!

To Your Financial Success! And Becoming Financially Savvy!

Butterfly Wealth Creation

P.S. For those of you would like your money to go back to the good of days where it read ‘In Gold We Trust’ check out the Gold tab above!

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