If you’re in debt, you’re certainly not alone. According to data collated by the New York Federal Reserve, household debt in the U.S. rose by $184 billion to reach $17.69 trillion in the first quarter of 2024.

That includes $12.61 trillion worth of mortgage loans, with the remainder comprised of consumer debts like credit card balances and auto, personal, and student loans.

Fortunately, getting out of debt is attainable, even for those with a lot of debt. It takes hard work and…