A serious debt problem / by Tyson Pop

Australia is in 53 billion dollars worth of credit card debt. 

53 billion. 

That's a heck of a lot of people buying things they can't afford with money they don't have. But we act like that behaviour is so normal. It's strange to me that when our kids are growing up and want to buy something, we teach them to save up for it. But as soon as they're old enough to get their own credit card, we encourage them to get one and use it wisely as it will help their credit rating. 

It makes no sense. 

It's actually bloody ridiculous. 

We justify it because a lot of us are in it, but there's nothing good about it. It's a stressful way to live. It increases the chance of anxiety, depression, higher blood pressure and divorce.

It shouldn't be tolerated. 

But there's a way out. 

If you want one. 

Here's exactly where to start:

Go and buy Scott Pape's best-selling book, The Barefoot Investor. It's short, sharp and incredibly practical. It will help you get the ball rolling on getting rid of your debt. It might not be easy. But it is essential. 

Good luck.