Your in debt right?  You want to get out of debt right?  Of course you do, who wants to live a life in debt.

If you are tired of dealing with the stress of living paycheck to paycheck, tired of dealing with creditors, and/or sick and tired of feeling like your debt situation is hopeless then  I have good news!

I am going to share with you a book written by Scott Stephen.  In it he shares almost everything I coach, teach and mentor when I provide one-on-one coaching.

So why would I direct you to an ebook that someone else wrote as opposed trying to sell my own coaching services?  Simple, I know not everyone is willing or able to invest in my services and yet so many people need some form of help digging out of debt.  This ebook costs less than a personal one-hour call with me and is filled with as much information that I provided in a full three month coaching engagement.

As you will read on his site, Ultimate Debt Guide, you will see that this,  proven to work course, has been featured in such publications as the Wall Street Journal, USA Today, and more.

This isn’t just another ebook that contains a bunch of worthless information.  It is a get out of debt course, with proven principles.  The information is priceless, and works!

Please read all the details and testimonies from those who have worked the course with success.  Don’t let the “sales pitch” style scare you off, this is legit.  You can find out all you need to by clicking this link Ultimate Debt Guide by Scott  Stephen.  You have nothing to loose, there is a 100% money back guarantee, if you don’t think this course can help you get out of debt, return it and get your money back.   So if you don’t order it, it is like saying you want to stay in debt.  Do you?

So a friend or even a relative has come to you explaining how they found this great car.  They tell you it has low mileage, ice cold air, runs smooth.  It has new tires, and for a three year old car the price is fantastic.

They go on and on about the car, how it is just what they were looking for.  They ask if you will come take a look at the car, take it for a test drive so you can give them your honest opinion about the great vehicle.

You are flattered that they value your opinion and are glad to take them up on the offer to help.  You look at the car and even agree it is in great shape and the price isn’t bad and mention that with a little bit of negotiating they price would be perfect.

Now that they have you agreeing with them about the car they mention that they have the down payment, and remind you about that new job they just got five months ago so making the payments will be not problem.  They finish that statement with a “but.”  Even though they have the down payment, and can make the payments, they don’t qualify for a loan and they ask if you would be willing to co-sign for them.   They give you every assurance that they can make the payments and that you would have nothing to worry about.  Can you help them out and just “give them a signature?”

Now, lets take a look at this.  They have the down payment, and income from a job of five months that will more than cover the monthly payments.  Why would they need a co-signer?  Simple, contrary to the surface indications that they can afford this car, the bank as proof that this person does not make payments on time or maybe not at all.  The bank considers this person too high a risk to lend them money without the guarantee, in the form of a signature, from someone who has a proven track record of making regular on time payments.  That way, when your friend or relative misses a payment or two, or three (and they will, otherwise they wouldn’t need the co-signer) the bank can and will count on you to cover the loan.

This concept of co-signing isn’t a new one.  For thousands of years people have been guaranteeing the loans of others and are then stuck holding the bag (paying off the loan)

It’s stupid to guarantee  someone’s loan. Proverbs 17:18

So if the concept of co-signing or guaranteeing has been something so bad and common that God felt it necessary to put a warning in the Bible about it, why would any one co-sign a loan for anything? After all, we have been warned it is “stupid.”

So since the Bible is what I consider “Basic Instructions Before Leaving Earth” and more importantly, God’s word, I would never co-sign a loan, regardless of amount, for anyone.

When a bank requires a co-signer they are stating “this person can’t manage money can’t be trusted with this money”

Are you mean, unloving or not a good friend if you don’t “help out” by co-signing? Actually you are just the opposite.  You are a person who is not willing to enable your friend or loved one to continue to mis-manage their money as well as someone who is following Biblical guidance.

You are someone who just may be the person who helps your friend or family member begin a new journey in life. You can take this opportunity to sit with them and help them work a budget teach them how to handle their money so pay for a car on their own without the help of anyone else.

Give a man a fish feed him for a day. Teach a man to fish, feed him for a lifetime.

How do you want to help your friend or loved one?

Do I really need to engage with a money management coach in order to get out of debt?

Is a money management coach required to get out of debt, no it is not required for your to engage in the services of a money management coach to get out of debt.

With that said, most individuals and couples who are in financial distress are so close to the actually problem that if they could resolved it on their own, they would. When you are so overwhelmed with the situation at hand it many times is much easier to continue on with status quo instead of working together to resolve the problem. Most of my clients don’t even know where to begin.

Most of the information that a coach will teach you can be found in well written books such as Dave Ramsey’s The Total Money Makeover. Personally, I believe that Dave’s philosophy is the best as it totally focuses on never using credit again and always paying cash. When that is done, then there is no way to get into debt.

What a coach offers, is additional accountability that you don’t already have when going it alone. It is someone who will provide a third party objective view of your financial situation. It should be someone who has experienced debt first hand and has conquered the problem. Do you want to work with a coach in regard to getting out of debt if they are carrying debt of their own? I don’t think so.

A coach will provide you with recommendations as to where to begin to cut back from your preliminary budget and teach you how to work a budget each month. What a coach shouldn’t do is the work for you. How will you learn if someone else is paying your bills, or working with your creditors. That takes the responsibility off you as well as the accountability. If you don’t do the work yourself, learning and making mistakes along the way, you can’t expect to know how to never get into debt again. Sure, it will hurt, there will be sacrifice, but it will be well worth it in the long run as you will be learning new habits, change behavior and your mind set as it relates to money management along the way.

Now with all that is said, you will not always agree with what a coach recommends to you. Think about it, this is a life changing experience and change is many times a difficult pill to swallow, but if you are serious about getting out of debt, staying out of debt, building wealth and changing your family tree, working with a coach is a great first step forward.

Well, Kim, how on earth can I afford a money management coach if I can’t afford to pay my bills? This is one of my most popular questions. Simple answer is, how can you not afford it. What you are doing right now is obviously not working or you wouldn’t be in a debt situation. I have found that people in debt are more than willing to find money for a new TV, a dinner room table, or something fun and don’t begin to “claim poverty” until it comes to investing in a change for their future. Many times the reason for this is they really don’t want to change and use “I don’t have the money” as an excuse to continue on the path of living paycheck to paycheck. But if you really want to change and are tired of living in the cycle you are in now, you will find the money, just like you found it to get all the things you wanted in the past, it just depends on what your priorities are.

Please feel free to look around our site and invest in a 30-minute call if you are ready to change your financial life.