When you are deep in debt, not only do you need to find ways to get out of debt but you need to set a time period to accomplish it. However you got there is no longer the issue as it’s part of life’s lessons to learn from and now action needs to be taken in order to eliminate the debt.

My goal is to be rid of $25,000 in debt in four months (16 weeks). That may seem like a short period of time as it took longer to accumulate it, but I would like to beat Karyn who eliminated her $20,000 debt in 20 weeks through her save karyn website some years back. That’s $5,000 more and in one month (4 weeks) less than her. I figure I am putting the pressure on myself but hey I am sick of being in debt and want to show people that anything is possible with pure determination.

I created my blog simply for this purpose, as a vehicle to get out of debt. I am asking for people to donate cash or buy products off my site to help me reach my goal. Just think if 25,000 people each donated $1 or 12,500 each donated $2, that is all it would take for this challenge to be a success.

So what is the target date to be debt free in this challenge?  I started this blog October 7, 2009 and counting 16 weeks ahead, that would make the target date January 27, 2010. Mark it on your calendar and come back often to see my progress.

What will you receive in return? Not too much…other than some entertainment, useful tips and the privilege to help someone get out of a bad financial situation.  Not only that but, in the laws of karma, by helping that person can bring good in your life and someday when you need help you will be helped too. Just think how the world could change if people came together like this.

Please join my debt-free challenge, get the word out and make a difference!

You may be wondering how does debt suddenly appear, then multiply like rabbits and then run you over like a train.  Well it’s quite simple it takes A + B to equal C (in this case D for debt). An event takes place that triggers another event to occur and then the combination of the two is the end result of it. For example, a brainless idiot cheats on his wife, gets caught, is booted out, left homeless, rents a 5-star hotel or sleazy motel (depending on what is available on his credit card) for the night or month, and next thing you know is involved in a long-battled divorce action and is now owing huge amounts of legal costs, alimony and child support for all his trouble. Of course this is an extreme case and most don’t need to resort to these measures to get themself deep into debt.

Debt overload can be caused from various circumstances from a job loss to overspending habits. Once there it isn’t easy to get out of and you have to scramble for solutions to reduce or eliminate it…or pray it goes away.