How to Dig Yourself Out of Debt

Just do what Norman Harvel does. Norman is 60 years old. He faces medical and credit card bills topping $80,000. He hasn't worked in 10 years. He lives on $904 a month in Social Security disability benefits.

But Norman has a solution. He says, "I was so sick and tired of getting the bills, so I would throw them away." 

That reminds me of the old Steve Martin solution to high taxes. Steve said you don't have to pay your taxes. When the tax man comes and says, "Why didn't you pay your taxes," you just say, "I FORGOT!" No problem! When those past due notices arrive, just toss them into the round filing cabinet!

"Drowning in debt." The Dallas Morning News; June 13, 2012; p. 2D.