Dr. Tom Watson was formerly a college professor who quit his job to start his own training business, but still struggled with debt for several years. He developed a debt elimination method that allowed him to become debt free and begin saving and investing. He founded the website TargetDebtFree.com to share his method with others struggling with debt. The method focuses on paying off debt aggressively in a straightforward process to free up 20-40% of income that typically goes to debt payments each month. Dr. Watson was motivated to help others eliminate debt burdens and achieve financial freedom based on his own experience.