How do you get out of debt? That's the $64 million dollar question facing an alarmingly large number of Americans today, and by the look of things, unless people wake up to the reality of the situation, its not going to change any time soon.

Are You In Debt Right Now?

As you read this article, if you're in debt of any kind, I want t you to ask yourself one simple question. There is no right or wrong answer but you must be hones. Honest with yourself.

"What's your life and business style when it comes to debt?" What do you choose to be, do and have when it comes to the issue of your finances and debt?

Personally, my life and my business goal has been to be financially savvy and safeguard against potential "bad" outcomes.

Whenever I look around me, read the newspapers or sometimes watch the TV...when I simply take stock of things, I can’t even begin to tell you blessed I am. It can all be boiled won to one thing. Economic common sense.

Do You Have A Deficit of Economic Common Sense?

I've observed people that suffer from a deficit of economic common sense crash and burn in the same things I have been engaged in both personally and in business.

The only way I can explain it is to say to do yourself justice you had better be honest with yourself at all times. Sounds easy and it is easy but sadly its something that a large number of people fail to do on a daily basis.

Addictions That Lead To Debt And Desperation

You probably know of a few people that are addicted to shopping. You probably know of others who seemed to be in the habit of spending more than they earn.

Its a sad fact that an increasing number of people every year fall into the latter group. Get this fact:

"Fewer Americans in 2004 than in the two previous years said they planned to cut back when it comes to spending on luxuries, high ticket high-technology items, eating out on a regular basis or purchasing things for their homes".

Unfortunately, if you’re spending more than you make, you’re digging deeper and deeper into debt.

If that the case and you want to start changing that all from today onwards then ask yourself that one simple question, "What's my life and business style?"

The answer may surprise you.

Author's Bio: 

BAYO is a recognized ezine article author, Lifestyle Coach and Personal Development specialist. He runs a number of online communities and provides resources for improving any situation you may not be satisfied with but don't know how to handle. His sites include and - Check them out!