Debt Reduction Strategy: Don't "Worry" About It

An article over at Kiplinger's caught my attention this morning. It was titled, "The R Word: Time to Worry?" The "R" word in this case being, recession.

In the investment world, lots of people get high anxiety over the "R" word. For those of us trying to get out of debt, we stress over it too because it can often mean lost jobs, higher prices, higher interest rates, etc. Don't sweat it.

One thing I've learned about getting out of debt is that worry has a zero and often, negative, rate of return.

What I mean is, worry is counter-productive and will almost never benefit you. In fact, worrying about what may happen usually makes things worse. Stress causes us to forget things, get distracted, and generally stop focusing on what we need to be focusing on, getting debt free!

It's good I think to be alert to what's happening around us, just don't stress about what hasn't yet become a reality. It makes it that much easier to focus on what is relevant to us, today.