If you have discipline and focus in your life and in the plan for your business, you don't have credit card debt.
Credit card debt is a result of insignificant gratification that is being sought. Business owners and entrepreneurs who want to be more succesful faster or grow and expand faster think that credit cards can help them do this when they don't have the cash flow to do it themselves.
Credit cards allow you to jump to the end result without any effort or extra work on your part. You can easily purchase anything you want or think you need, and you may even tell yourself you will pay off the bill in full each month to justify this practice.
Some people do this, but most do not. Which is why we are seeing so much about this in the news lately, with the credit card debt, lenders and subprime mortgage markets being perfect examples. Credit cards make people feel accepted, (I was approved! Yipee!!) and also fills the need that Americans have today with the attitude of "I want it now, so I will have it now" When you hand over the plastic to pay for a purchase you are not even thinking about the 18% interest rate, because you are SURE you will pay this off at the end of the month. But when the end of the month arrives, you "need" something else so you just make a payment on the account and before you know it, the bill is much higher than you could have imagined and you can't understand how you owe so much money!
If you save the money to purchase something or grow your business, you will find you appreciate it more, you don't owe anyone but yourself and that is a great feeling. When you have a thriving business and dont have any debt, you are successful, when you have a business - even if it appears to be thriving - and you owe thousands of dollars in credit card debt - you are not successful.
When you make a decision to be succesful, you are aware of what you are doing now, you have a plan and you focus on each goal and follow your plan. When you don't have a credit policy, you have customers that owe you money and you don't know how to get it. When you have a credit policy, few customers owe you money and if they do, they won't for long.
When you do this, you gain confidence and success.
To your success!
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