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Debt is a facility leveraged by many as a means to gain access to products or experiences that are currently out of their financial reach. Most people resort to debt for significant purchases like homes, as accumulating the requisite cash for buying a home outright is a formidable task. For some, a car purchase requires a loan. And then, there’s the prevalent trend of student loans. Despite the average graduate being saddled with a student loan debt of around $23,000, these loans are what makes their education possible.
Debt becomes a recurring reality for those who cannot distinguish between their needs and wants. Credit card debt is often a consequence of such behaviour. Whether one is in debt because of a genuine need or a want, excessive borrowing has the capacity to jeopardize economic stability. As per a report by Daily Finance, with the “average American owing roughly $47,000” and juxtaposing this with “the average American salary in 2010 being $41,673.83”, the strain of a high debt burden becomes evident.
If you’re knee-deep in debt and weary of monthly payments, know that you are not alone. You can claim 2013 as the turning point in your financial life. Why not join the Debt Movement if you’re prepared to make that life-altering commitment?
WHAT IS THE DEBT MOVEMENT?
Debt movement, conceived by financial advisor Jeff Rose of Good Financial Cents, is a collective effort aiming to inspire people to diminish their debt. It endeavors to stimulate people to collectively pay off a total debt of $10 million within a span of 90 days.
DEBT SCHOLARSHIPS
The process of debt repayment is a challenging and drawn-out journey. This is exactly why the Debt Movement extends scholarships. They have provisioned $10,000 to distribute, generously contributed by their sponsors, to expedite your route to a debt-free life.
To be eligible for the debt scholarship, certain steps are required:
1. Submit the Debt Scholarship Application by February 15, 2013.
2. Subscribe to the Debt Movement Newsletter.
3. Bi-monthly tracking of your progress through the Debt Movement’s survey. You can also utilize the Debt Movement’s sponsor, Ready for Zero, to monitor your debt repayment.
Crucially, these scholarships are not reserved for the fastest debt repayors but may be granted to those who display determination against financial odds.
GET STARTED
Do you have it in you to designate 2013 as the year when you intensively address your debt and take strides towards liberating yourself from monthly payments? If the answer is yes, join a community of like-minded individuals by subscribing to the Debt Movement newsletter.
If you’re seeking moral support or wish to exchange tales of triumphs and trials, engage with the audience at www.debtmovement.com forums. Here, you will find others embarking on a similar debt-free mission.
Regardless of the reasons behind your debt, seize 2013 as the year to unite as a community and collectively move towards a debt-free life.
