As humans, we all make mistakes. Some of the most successful people on the planet admit to making their fair share of mistakes. But these same individuals also say that their mistakes taught them lessons they couldn’t have learned on their own. Asked if they’d rectify their actions, if they could go back and change the past, some of them would say they’d do the same thing over again.

Their mistakes and failures propelled them to their future, made them who they are today.

Financially speaking, we all make mistakes, too. When we say mistakes, we mean living above our means, buying things that are worthless years from now, and getting buried in debt for them without any assets to show for it. If only we could turn back the clock, then we could change our decisions and not be in debt today. But since that’s wishful thinking, all we can do now is fully accept the situation and take actions that will solve our debt problems. There is no other choice. Not doing anything will just push you deeper into the debt hole because debt is a problem and problems don’t solve themselves — you have to take action.

Keep an eye on your goal

Don’t let go of your financial goals even if you are in debt today. Doing so would just mean you’ve given up on it, which tells your mind that this is only as far as you can go. You are content with just paying your debt indefinitely. On the other hand, if you keep an eye on your goal, you’d want more than just being able to pay your debts. You will have a sense of urgency. You’d want to pay off your debts faster because you know you have bigger dreams ahead, whether that’s retiring rich in a foreign land or building a successful business.

Besides, you can still save for your goals while paying off debts.

For many people, money is a source of motivation and knowing that they are able to grow their money, even if it’s just an incremental growth, means a lot to them. That’s why some debtors still save a part of their income even while they’re still trying to pay off debts. If saving money and knowing that you are taking steps towards achieving your goals motivate you more, then go ahead and do both: save and pay off debt at the same time.

Most of all, there are solutions to debt problems.

If you feel that there is no hope for your debt, then you might not have looked far enough for available solutions. Have you heard about Debt Counselling? Do you know that the world doesn’t end after filing for bankruptcy/Sequestration?

You are not the first person to have a debt problem and will definitely not be the last, worst atrocities happened in the 2nd World War than you battling to pay your creditors.

Look into alternative solutions. Listen to other people who have done it before. And most importantly, don’t lose hope. As long as you have a strong resolve to tackle your debt problems and take the necessary action, it’s only a matter of time until you finally find freedom from debt.

Therefore OUDS is willing to assist consumers in this predicament with a free service of a financial assessment, assist the consumer to organise an affordable, realistic and structured monthly budget and debt management plan thereby providing consumers with a guideline for eliminating and remaining out of debt.

Remember above all else that you are not alone out there. Contact OUDS directly for more information on our effective Phalanx services.

Oyisa United Debt Specialists HAS A SOLUTION for YOU!!!