I’m Mark Daugherty, and until recently, I was deeply in debt. $72,000 in credit card debt, give or take a few hundred, plus a mortgage on my home and a home equity loan.

How in the world did I get there? Well, most of it happened when the company my wife worked for declared bankruptcy and closed its doors. She had earned a fairly substantial salary as an IT consultant, and we found ourselves putting most of our basic living expenses (gas, groceries, clothing) on our credit cards while she tried to find a new source of income.

That’s not such a great idea when you are supporting two adults and four children between the ages of 7 and 15… the debt builds up very quickly.

But how I got there isn’t as important as how I got out.

You see, my wife never did manage to get a new job that paid anywhere near what her old one did. She started her own small business where she was able to stay home and devote more time to the kids. We cut our expenses as much as possible without selling our house and moving somewhere less expensive. And using a combination of the techniques I talk about on this blog, we managed to pay credit card debt of $72,000 in less than three years on my $68,000 salary and the small supplemental income earned by my wife.

So, I’m here to say, “I did it, and so can you!”

Really, living in debt, especially credit card debt, is a terrible waste. And you know that, or you wouldn’t be here.

So take some time to read the articles in this blog, research some of the companies I link to that can help you, and put together a plan to pay off your debts as soon as you can.

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