We all know that Debt, for the most part, is bad. Bad for your finances, bad for your retirement goals, bad for relationships, and frankly, bad for you health. Having a constant burden of wondering when or if you'll ever achieve financial freedom places a toll on your well being. Being stressed has been medically proven to lead to other ailments, including heart disease and depression. There are ways to get out of debt, some ways are quicker than others, but the goal is to be debt free, so that you can even get to an age where you can actually retire.

The first step to achieving financial freedom is to get a grip on all the debts and get an understanding of where you really stand financially. Some individuals may look to bankruptcy as the best avenue to achieve financial freedom, while others may not qualify for bankruptcy and require debt settlement instead. Whatever the case may be, you need a plan and you need to execute the plan. Once a plan of action is establish, you're one step closer to achieving financial freedom and ridding yourself of all the stress and heartache that comes along with it.