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The Debt Escape Plan by Beverly Harzog

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2Look Your Debt in the Eye and Own It

Are you ready to do it? I think you are. I don’t think you’d be reading this book if you weren’t ready—or at least close to being ready—to own your debt. So much of personal finance is emotional. You have to be psychologically ready to tackle debt. You can’t pay off debt until you acknowledge it and take responsibility.

If you still feel that you’re a victim, you aren’t ready to commit to the hard work of paying off your debt. Your anger and resentment will get in the way. So you can’t blame the credit card company even if they raised your interest rate. And even if you got into debt through an unfortunate life circumstance, such as unemployment or medical bills, it’s still your debt and you have to pay it ...

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