What would a personal finance book be without a section on reducing personal debt? Debt is simply a fact of life and, while it’s not all bad, too much of it can be a problem. Whether your debt could finance a small army or it’s enough to keep you from buying your dream home, it’s worth considering some options to find your way out of this seemingly bottomless pit. After all, too much debt can affect your personal and professional life.
In this chapter, we will cover two topics related to debt: