In this Blog Series Phil is answering questions that have been submitted by readers.

Today’s question is “How do I stay out of debt?”

Phil shares five key points:

1. Assume you’ve paid off all your debt – if not do it asap!
2. Cut up all of your credit cards (except 1)
3. Find someone wise and use the principle of accountability

4. Learn off them and learn to think like a wise person

5. Learn the power of delayed gratification by using ________  _______.