When it comes to "The Consequences of DEBT", we must realize that the most important thing that we can do (besides avoiding it in the first place) is to MAKE A PLAN and GET OUT OF DEBT!
No matter how impossible the task may seem we MUST begin the process to eliminate this crushing problem. As the graphic below states, "It ain't going to take care of itself!"
And, yes, I hear those of you out there that might say, "Yeah, but..." There will ALWAYS be some "yeah-butters" in the crowd! For whatever reason, they are the ones that feel that THEIR particular situation is so unique that no one else in the world has faced their dilemma.
"My spouse and I BOTH work (or I work 2 jobs) and we just don't have enough money to make it!" O.k....but HOW MANY OF YOUR BILLS come from DEBT? I'm NOT talking about “normal” bills such as electricity, television, phone etc. but from bills that you pay for STUFF that you BOUGHT that you DON'T NEED? And, while we are at it, let's get brutally honest here, how much of even THOSE "normal" bills could be "cut back" in order to help with the problem?
We'll come back to that in a moment but, let me go ahead and mention a couple of "requirements" for the program that I have shared with you in each article this week. You know, the program that can help you get out of ALL debt in as little as 5 - 7 years.
#1. You do have to have some income. Whether it's a job or some other way that money comes into your household on a regular basis, you MUST have income.
#2. You must bring in more than you spend. This is budgeting 101 and it IS a requirement for this program to be able to work for you. However, the good news is that, as long as you have even just $10 left over after your bills, we can work with that!
Pretty simple, right? But, again, I can hear the "Yeah, But" crowd speaking up once again. However, this time I will refer to them as the "What Iffers" as in, "What if I don't have any income coming in right now and, What If I don't even have $10 left over at the end of the month?" Throw in that bunch the "Hand Wringers" that might say, "It won't do any good, we have too much DEBT and too little money!"
To be honest, my mind begins to start feeling numb at this point! C'mon people, remember, YOU MUST DO SOMETHING about this problem because, again, IT AIN'T GONNA' TAKE CARE OF ITSELF! As we talked about in the last article, ignoring it will not make it go away. As a matter of fact, doing so will only bring about late charges and other fees that will actually increase the problem!
So you don't "qualify" for this program at this time. That still doesn't remove the problem, friend, You STILL must take some action and DO WHATEVER IT TAKES to start chipping away at your debt! Get out there and take a job and don't be picky about it. "But I'm not going to flip burgers!" WHY NOT??? How is your current plan working out for you? You do what you gotta' do! Wash cars, rake leaves, mow grass, clean houses...whatever it takes to bring some extra cash into the household.
And that's only half of the equation. You must INCREASE the amount of INCOME for your household and, at the same time, you must DECREASE the amount of your DEBT!
To be honest, my mind begins to start feeling numb at this point! C'mon people, remember, YOU MUST DO SOMETHING about this problem because, again, IT AIN'T GONNA' TAKE CARE OF ITSELF! As we talked about in the last article, ignoring it will not make it go away. As a matter of fact, doing so will only bring about late charges and other fees that will actually increase the problem!
So you don't "qualify" for this program at this time. That still doesn't remove the problem, friend, You STILL must take some action and DO WHATEVER IT TAKES to start chipping away at your debt! Get out there and take a job and don't be picky about it. "But I'm not going to flip burgers!" WHY NOT??? How is your current plan working out for you? You do what you gotta' do! Wash cars, rake leaves, mow grass, clean houses...whatever it takes to bring some extra cash into the household.
And that's only half of the equation. You must INCREASE the amount of INCOME for your household and, at the same time, you must DECREASE the amount of your DEBT!
Simply put, you must take a look at all avenues of money that you have coming in for your family and you must also take a look at all avenues of money that is going out from your household. Again, you must find ways to INCREASE the income while finding ways to DECREASE the debt.
You may be able to bring in some extra money by selling things around the house that are not really needed. Do you rent a storage unit or have stuff up in the attic that hasn't been seen in years? GET RID OF IT if it's not some sort of family heirloom! If you're really ready to "get after it" you may even need to look about the possibility of selling a vehicle that has a high monthly payment and find something with NO payment on it or one that is considerably less. Too, you likely may save on insurance.
These things might be able to bring in a little extra cash but you must REALLY get serious at trimming down the debt and those things that you are paying for on a monthly basis. Do you REALLY need all of those premium channels and movie channels with your cable or satellite? How much do you REALLY understand about the seriousness of this debt problem for you and your family? Do you REALLY need the latest and greatest cell phone? Get serious and really get after "trimming the fat" wherever possible.
You might actually find this kinda' fun if you make a game out of seeing how much you can cut out of your monthly expenses! Sure, you may have to bargain with each other on a possible compromise in some areas (maybe cut the cost on a particular item by 30% instead of 70%) but when you put your family first in this area I believe that you will find that a lot of this "stuff" will begin to be seen for what it really is: STUFF.
Remember, "As long as there is breath, there is hope!" You MUST fix this and, friend, you CAN fix this! I'm here to help in any way that I can. If you find yourself in a position at a later point in time to where my program might work for you, just let me know. But, in the mean time it's time to GET LEAN AND MEAN with your budget!
Once again, you can go to ulivefree.com and take a look at some videos that gives you information about this program. No need to fill out any information unless you want to download the "more detailed" e-book that is available there. DO ME A FAVOR? If you stop by that page you will find my e-mail address at the top of the page. Would you drop me a line and let me know how you came across that information? Did you read about it in one of the blogs? Did you hear about it on one of my podcasts on on one of my videos? Thanks in advance for doing so.
Next week I will be "shifting gears" and getting back to my "normal" type of messages full of hope and positive information. Sure, I'm still going to challenge you with things, but we will look at ways to help improve the positive mindset that you will need in this process as well as going through every day of your life.
Until then, whatever you do, always be sure to...
Until then, whatever you do, always be sure to...
"Make it an AWESOME day! (Who else is going to do it for you?)"
Mike
Mike
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