There really are ways to dig out of debt steadily
May 27, 2011
Neither a borrower nor a lender be; for loan often losses both itself and friend,
and borrowing dulls the edge of husbandry.
William Shakespeare
Those few words say a lot, especially today. In the last few weeks, Standard & Poor's, one of the big three rating agencies, lowered the outlook for America's long-term credit rating to "negative" from "stable." At about the same time, the BRICS nations (Brazil, Russia, India, China and South Africa) signed an agreement to use their own currencies instead of the predominant U.S. dollar in issuing credit or grants to each other. Not surprisingly, the value of the U.S dollar continues to drop against other currencies.
If you'd like to get a lot of information, and maybe a little depressed, log onto USDebtClock.org. On this website you can see, in real time, the U.S. debt, debt per citizen, U.S. population, U.S. income taxpayers and a lot of other information. However, this column is not about debt and gloom, but rather, about how a lot of people have reduced their debt and some ideas on how to reduce yours.
To read the entire column, click here: Digging out of a whole The Ridgewood News
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for the individual.
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