Many people who are looking to earn extra money are doing so because they want to get out of debt.
William Shakespeare had some wise advice regarding debt: “Neither a borrower nor a lender be; For loan oft loses both itself and friend”. Apparently most people in America aren’t listening to him, because by 2008, total household debt totaled $13.8 trillion.
And in 2009, unfortunately, we’re seeing the end results of that debt-fueled lifestyle as foreclosures and repossessions sweep through the land.
This isn’t to say that all debt is bad; for many people, borrowing money is the only way to buy a house, which comes with significant tax advantages and can be a good long-term investment.
To help those who are looking to get out of debt we have put together a new daily blog at Best Ways To Pay Off Debt – hope it helps!
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