During a candid Twitter confession this week, Kanye West announced that he owed $53 million in debt. He said he “wanted the world to know his struggle.”
Mission accomplished, Kanye.
While the details surrounding his debt are still a bit murky, the fact that a multi-millionaire can be in debt roughly twice his income is a little startling to most people.
Then again, it may not be that shocking to you. If you’re like 80% of Americans, you know how it feels to be in debt. That new car probably seemed like a good idea at the time. But now you’re frustrated with the never-ending payments.
So how do you get rid of them? Well, if you’re Kanye, you send another very public tweet to Facebook billionaire Mark Zuckerberg asking him to “invest 1 billion dollars into Kanye West ideas.”
We recommend a slightly different route. Here are three simple steps to creating a life without debt: