The level of personal debt accumulated has never been so high. Money issues are the primary cause of divorce, depression and any other number of crushing personal problems. Imagine the weight that could be lifted off your shoulders should you be able to realize the dream of debt free living.
I'm now find myself in the middle years of my life and for many of my previous years I knew nothing besides living in constant debt. The burden that put on my emotions, psychological well being and relationships was immense and is something I never want to experience again. To help you avoid enduring the same pain that I did below I have laid out how to achieve debt free living in 7 (not necessarily easy) steps.
1. Realize you need to change. Keeping the same bad habits is going to keep producing the same problems repeating themselves.
2. What's your current position? Spend some time noting down all your current debts, what your current assets are, and how much money you have coming and going out every month.
3. Where would you like to be? Be introspective and ask yourself some serious questions. Don't spend time on little items but really ask yourself - What are my principles and values? What am I seeking in life? Use these as your defining goals and make every decision from here on around those goals.
4. What options do you have? Everyday you're faced with decisions that affect both additional income and how you spend your money.
5. Decide on your options. Take step 4 and make the hard decision that need to be made. Finding part-time work? Internet business? Cancel your cable TV subscription? Use your cell phone less? These represent just a few examples of things you need to consider.
6. Create a plan. Now that you've chosen your options put a plan down on paper. This is the guide that you use to make the daily decisions which must be made to meet your ultimate objectives.
7. Stay focused. Regularly analyze the progress you're making and find ways to reward yourself for small successes along the way. Tweak the things that do not seem to be working. Before long you'll be financially free in way that many can only dream about.
I'm now find myself in the middle years of my life and for many of my previous years I knew nothing besides living in constant debt. The burden that put on my emotions, psychological well being and relationships was immense and is something I never want to experience again. To help you avoid enduring the same pain that I did below I have laid out how to achieve debt free living in 7 (not necessarily easy) steps.
1. Realize you need to change. Keeping the same bad habits is going to keep producing the same problems repeating themselves.
2. What's your current position? Spend some time noting down all your current debts, what your current assets are, and how much money you have coming and going out every month.
3. Where would you like to be? Be introspective and ask yourself some serious questions. Don't spend time on little items but really ask yourself - What are my principles and values? What am I seeking in life? Use these as your defining goals and make every decision from here on around those goals.
4. What options do you have? Everyday you're faced with decisions that affect both additional income and how you spend your money.
5. Decide on your options. Take step 4 and make the hard decision that need to be made. Finding part-time work? Internet business? Cancel your cable TV subscription? Use your cell phone less? These represent just a few examples of things you need to consider.
6. Create a plan. Now that you've chosen your options put a plan down on paper. This is the guide that you use to make the daily decisions which must be made to meet your ultimate objectives.
7. Stay focused. Regularly analyze the progress you're making and find ways to reward yourself for small successes along the way. Tweak the things that do not seem to be working. Before long you'll be financially free in way that many can only dream about.
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