Rebuild Your Life With This Simple Plan
We’ve all heard it before. It’s much easier to get in debt than out of debt. But why do we believe this? Is it because it’s what we’ve been taught? Who taught us this?
Our society would certainly like to make us believe that debt is simply a part of life and there’s nothing we can do about it.
If you want to buy a house, you have to get a mortgage.
If you want to buy a car, you need financing.
If you want to go to college, you need a student loan.
But what if I told you it was possible to do all these things without ever going in debt? It is, you know.
But it takes self-discipline. You have to be willing to make some sacrifices and “do without” for the short term in order to have for the long term.
And while it’s certainly not easy, if you can just apply a few changes every day, you’ll soon find yourself debt-free and happy!
Tip #1: Want Evaluation
Remember when you were a kid and you asked your parents for something and they told you that you couldn’t have it? Remember what you said?
“But, Moooooommmmm…I NEEEEEED it!”
And what did she say?
“No, you don’t. You WANT it.”
And so, you learned the difference between what you “need” and what you “want.”
Well, I’d like you to take it a step further. Instead of simply deciding whether you need it or want it, determine if you WILL want it, say, five years from now. If the answer is “probably not,” then do without. It’s a waste of money and will take up space you need for something else.
Tip #2: Pay Yourself Last
I know, I know. You’ve heard that you should “pay yourself first.” Well, I think a lot of people misunderstand that. They hear the word “self” in there, and assume it means they get the money to spend on whatever suits their fancy at the time. That’s not the case.
“Pay yourself first” REALLY means pay your debts first. If you owe money, and you have some extra lying around, guess what? It’s not extra. And it’s not yours.
It belongs to someone else. So, simply return it to them. Once everything else has been paid, THEN you can have what’s left. (Remember, it’s nice to share.)
Check out http://www.monsterdebthelp.com for more tips and resources for getting out of debt.
Add comment January 29th, 2008
