QUIT Taking on Debt.
“Most every person that I talk to would like to eliminate all of their debt, however, most of those people will go deeper into debt in the following year,” says Cook. “They will convince themselves that they need something enough that it is worth going into debt for.
“Marketers will do whatever they have to in order to get you to buy their products and services; they really don’t care that you want to be debt-free,” he adds. “Make it a point to stop borrowing money next year. You will find that there are things that you can actually live without, and it is the first step toward becoming debt-free.”