For starters, get financial knowledge that we so desperately need to stop growing cycle of debt building, and start eliminating troublesome debts that consume our paychecks month after month. Fortunately, this knowledge is not that hard for us to find, if we know where to look. There are non-profit organizations advertising on television and radio that are devoted to helping people consolidate there debts, and this is a start. Other sources require a purchase of there educational media or encourage membership in their organization for a nominal fee, and information provided can be more than worth small investments if teachings are taken seriously and applied to one's real life budget.

Maybe solution is literally as simple as way one teacher on subject puts it: "If you don't want to make hole that you've dug for yourself any bigger, then stop digging!" Sure, this may mean having to do without some of latest technological gadgets, or having to discipline yourself into putting a small amount of monthly paycheck into a savings account. But, any step that will allow us to keep more of money we've worked so hard for is a step in right direction. Then, comes focus on eliminating burdensome debts that are already weighing us down. And, it may take awhile. But, isn't freedom to do what we want with our money worth effort and time?

After freeing ourselves from obligations to creditors and banks, money once spent on debts needs to go somewhere. Maybe it's now time to consider investing this money into stocks or real estate or, possibly, even a business that in time will generate a positive return on our money. This, too, will require some education into what and how of making wise investments. But, information is as readily at hand for those who are ready as solutions to relieving debt.

Then, comes need to assure ourselves that we won't fall back into monthly drag of giving away our money to advertisers that so diligently entice our attention. Resisting urge to buy into costly items is one way of dealing with this. But, in a land of prosperity such as ours, is it really necessary to live frugally? There may be yet another way. How about buying assets that will generate an income that we can then spend on these desired possessions?

Not necessarily a novel or new concept, but.... How many of us struggling monthly with debts ever considered possibility that we really have opportunity to reach this point? Regardless our present status in life, what can we really achieve with just a little awareness, thoughtful planning, and knowledge of what to do and when to do it? For those who are seriously looking, there is a way out of debt. And, though each person's situation may be slightly different, steps that are outline above have been used and proven to be effective by countless individuals who live financially happy lives. Just check out their ads!

Joseph T Farkasdi is the President of JtseF, Inc. and is a member of the Financial Freedom Society. He is an entrepreneur who is committed to helping others achieve the financial lifestyle they desire. For more information on eliminating debt, visit http://www.jtsef.com/financial.htm .

GettingOutOfDebt@jtsef.com

We began immediately researching ways to help this client and found a lender willing to work with him and save his home just in nick of time. His mortgage payment stayed about same and he was able to pay off more than $25,000 in other debts, which alleviated several hundred dollars in credit card payments every month.

More importantly, this man's house was saved and his family was in a much stronger financial position.

“A bank is a place that will lend you money, if you can prove that you don’t need it,” Bob Hope once quipped. But when you are going through a bad financial spell, you need an institution that will stand by you.

Banks tend to make loans that are risk-free to them. It is hard to imagine that any bank would have helped him in this situation. But as a nationwide mortgage banker we have ongoing relationships with lenders that specialise in different types of loans. This knowledge allowed us to help a client save a family home from certain foreclosure.

Although we have ability to help in extreme situations such as this, we highly recommend that homeowners take action long before desperation sets in.

For more information please go to: http://www.goldmedalmortgage5.com/california/10/California-Debt-Consolidation-Home-Mortgage-Loan.html

For immediate assistance to stop foreclosure please call toll free 1 888 300 2040