3 Simple Debt Relief Solutions

Three simple debt relief solutions.

Spend Less

Make More

Use the postive cash flow to pay off your debt.

If you were looking for some long winded sales letter where all you have to do to get out of debt is buy my book, or ebook, or subscribe to my monthly membership put your money away now and just get cracking on those 3 tips above and watch your debt problems disappear

The first is to spend less. I know, I know you think you’re already doing a bang up job but I’m going to guess you’re not. If you have anything other than the necessities of life, and consumer debt, you are spending too much money on needless stuff when you could be spending that money on your debt. After your debt is paid, then and only then can you buy that new iPhone you thought you needed. But, a funny thing will happen over time. - what you thought you needed, all those fancy clothes and electronics and monthy fees and TV subscriptions can be gone just like that and what you will notice is that after a while living with less tend to be easier than living with stuff.

We get pitched stuff all day long. I heard a radio ad today from a jeweler who wanted you to call and authorize a credit card charge and then he would give you three times that value in jewelry. And I gaurantee people got out their credit cards and charged it.

But you don’t need jewelry to live a full life and despite what the ads say you don’t need to spend 2 months salary on a ring (your fiance might have different opinions, so guys feel this out a bit first). But the point I’m trying to make here is we do not need half of what we’ve been sold. We need a safe place to sleep at night, food that is healthy and that’s pretty much it. The rest, is gravy .

Making more money is another way to get out of debt sooner and if you start even thinking of this today, and apply yourself a little every day you could be happily jobless and doing something you like in years.

Yes, I said years. Unless you are a lottery winner or a big trust fund there’s a good chance you’re not going to make any more money at your job. You traded 8 hours a day for a salary. It’s set, and you just show up,do the job and go home.

But what do you do when you go home? Could you work on something for an hour or so after the kids go to bed instead of plunking down on the coach and watching TV? (and if you have taken my advice, you will have sold the TV, and canceled the cable anyway, so problem solved) Instead, take that time and start something on the side. What can you do? What do you like to do? Can you do this for others, or create product that has value of some kind that you can deliver that value. Can you knit? Can you sell you wares on ebay or etsy? Think about what you could do to earn more money. Don’t be worried that you wont’ be an overnight success. In fact, have no expectations of success at all and then when you are it will be a pleasant suprise.

Once you have the spending less and making more under control, the product of these two combine to give you positive cash flow. And with positive cash flow comes more money you can use to pay off your debt this month. And then next month you will pay less interest so you are paying more and more principle off every month until you’re debt free.

When you are debt free, the world is yours. You owe nobody so you have no debt and no one to answer to and nowhere for all your positive cash flow to go. You can now start to apply the positive cash flow to something remarkable like savings,or the trip or the experience you wanted to have. And it all happned because you learned to spend less and make more. It sounds so easy and when you look back it will be.