My boyfriend and I just had a financial analysis done but haven’t gotten the results on our options yet. Is it really worth it to go through with this? Has anyone had experience on it? I mean we have debt but not so much we can’t handle. On the other hand we are both mid-twenties and have no retirement savings started and we are not able to put much, if any, in our savings accounts. We will have the option to consolidate debt, start retirement accounts, have money to put in savings, and get better life insurance. Is this just a ploy for the financial company to prey on young people or is this real? Please help!

Honestly, debt consolidation does not get rid of your debt – it just moves it around. If you have to pay these people to do this, don’t. You can do this on your own. There is a great (and free!) plan to get out of debt, save for retirement, grow savings and retire a millionaire (it’s just a matter of taking charge of your money and putting yourself on a budget). (like the guy before me who said it helped him – several times…well apparently he didn’t get it right the first time if he needed to do it several times).

www.daveramsey.com Dave Ramsey has helped thousands of families get out of debt and give them financial peace using a very logical and simple method.
Good luck!

Originally posted 2010-01-26 11:54:44. Republished by Blog Post Promoter

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