Debt Control Equals Financial Freedom

debt freedom
When we think of the word “freedom” we think of a hostage escaping from their kidnappers, or some other life altering escape from captivity. We don’t often think of freedom when we think of our debts, but being held captive by debts is reality for many.

Think about it: If you have a lot of debt, you don’t have the money to go out and do anything. You can’t afford to go out for dinner with family or friends, or even go to a movie. You feel like a captive in your own house. You are not free.

You can’t afford to physically go anywhere, but you also don’t even feel free to open your mail or answer the telephone, for fear that it will be a bill collector.  The mail piles up on your kitchen table, because you can’t bear to read the collection notices.

You always look at the call display before you answer the phone; if you don’t recognize the number, you don’t answer the phone, which is embarrassing when your mother phones you from a pay phone to tell you she has a flat tire and needs your help.

If you can’t go out, or answer the phone, or open your mail, you don’t have freedom.

Debt limits your freedom, which is why debt control equals financial freedom.

Imagine what it would be like to be able to answer the phone without first checking the call display, or to be able to go the mailbox without a feeling of worry?

Wouldn’t it be nice to not have to worry going to work every morning, because this might be the day that a garnishment notice arrives at work?

Getting your debt under control can give you financial freedom.  Financial freedom is peace of mind.

You do not need to live your life in fear of what may happen if you don’t get your debt under control.  You know that living with debt is not working out for you, so take action today.  Research your options, and get your debt under control to achieve financial freedom.

Category: Debt Management |

Feb 20, 2014

About J. Douglas Hoyes

J. Douglas Hoyes, BA, CA, CPA, CBV, CIRP is a Licensed Insolvency Trustee and the co-founder of Hoyes, Michalos & Associates Inc., one of Canada's largest independent personal insolvency firms. As an expert in debt management, Doug has been helping people deal with debt for more than 20 years.

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