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4 Reasons Why So Many Doctors Struggle With Debt

Have you ever met someone who told you, “One of the best things I ever did was take on a lot of debt.  My success is due to the massive amount of debt I have, and spending the rest of my life making payments is a great monthly reminder of my excellent decision to get into debt!”  Of course not.  No sane person would ever say this, but indirectly this is true of most Americans in regard to their relationship with debt.  Americans in many ways are addicted to debt! 

Debt in America is higher than it has ever been, totaling $13.54 billion at the end of 2018, according to the Federal Reserve Bank of New York.  According to the report, auto loans increased by $9 billion, credit card balances went up $26 billion, and student loans increased by $15 billion – all this in just the last quarter of 2018! 

A big problem for many Americans is we like stuff.  Unfortunately, it’s stuff we usually can’t afford to pay cash for,...

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