DEBT: Do Something NOW!

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!

I understand that this is not going to be easy. I also understand that you will have to also work on your mindset regarding this whole situation that you put you and your family into BUT you still must BEGIN TAKING ACTION now and work on the needed mindset along the way.

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...

"Make it an AWESOME day! (Who else is going to do it for you?)"

Mike

Future You University   FYU on Facebook!   Podcast on iTunes   Podcast RSS feed

YouTube   Live Debt Free!

The Consequences of Debt: STRESS

In my last series ("Working From Home Series") I concluded with a lesson on "My Suggested Solution". In that lesson I shared the following numbers as it concerns debt in America:

In an article written by Bill Fay entitled, "The Emotional Effects of Debt" he states the following: "...72% of Americans said they felt stressed about money, according to an American Psychological Association study. And 22% said they felt “extreme” stress over their finances."

In another article, written by Jennifer Soong and entitled, "The Debt-Stress Connection", she states, "An AP-AOL study reveals that debt-related stress is 14% higher in 2008 than in 2004. Those who report high levels of debt stress suffer from a range of stress-related illnesses including ulcers, migraines, back pain, anxiety, depression and heart attacks."  

I read other articles that talked about other physical problems from which those under stress might suffer. Things like lack of sleep, loss of appetite and even hair loss. From my own experience and what I have seen with others, they may also include acne breakout on a persons body and even panic attacks. 

When you consider these things then you can also see why stress due to financial problems (debt) is one of the top reasons for a couple to get a divorce. Think about the impact on each of the two in the marriage as well as any children that may be a part of the marriage. All of this due to the stress with DEBT. 

The thing is, it's NOT NECESSARY! Too many people - maybe you? - have settled for the lie that debt is just a part of life and there is nothing that can be done to prevent it or to resolve the problem. BOTH OF THESE ASSUMPTIONS ARE FALSE. 

For the rest of this series we will be taking a look at other "consequences of debt" as follows: DIVORCE,  HOPELESSNESS, SUICIDE and LIMITS.  Think about how stress has a role in each one of these produced issues that come from the burden of debt. 

Debt is NOT just a "numbers" problem. It is a problem with our mindset and attitude. Debt often occurs when we decide to BUY THINGS THAT WE DO NOT NEED so that we can IMPRESS OTHERS THAT WE DON'T EVEN KNOW with MONEY THAT WE DO NOT HAVE.

Folks, that's a problem and the consequences are real but, again, they are unnecessary. Click on the link below ("Live Debt Free") for a REAL solution to help you remove ALL debt from your life in a fraction of the time than you can following "traditional" pay-off plans. 

In closing, think for a moment about the change in YOUR life as well as the life of your family and those close to you once you remove debt - and the consequences - from your life. Yes, you can!

Join me in the next part of this series as we continue to discuss "The Consequences of Debt".

"Make it an AWESOME day! (Who else is going to do it for you?)"

Mike

Future You University   FYU on Facebook!   Podcast on iTunes   Podcast RSS feed

YouTube   Live Debt Free!

Starting Over Financially?

 

Just like all of the other "areas" that we have been discussing over the past few days, the same is true about STARTING OVER financially.

 

There is NO SHAME in having to do so and, sometimes, this need is actually do to circumstances that are out of our control. Divorce, hospital bills and many other things.

 

However, if we are going to talk about it, then we also need to be willing to be open and honest about OUR ROLE in many of these scenarios. Financially, we are responsible for the "little things" that tend to sabotage us and set us back.

 

Here's the thing about what I'm going to share with you today: it doesn't matter if your financial situation is due to someone else's fault, unplanned events or your own mistakes.

 

Nope.

 

Today we are going to focus on a SOLUTION. Because, for whatever reason, being in a bad financial situation is a very stressful position to be in. A SOLUTION is needed, regardless of how or why we got there.

 

Agreed?

 

You probably noticed that I've been sharing information on Dani Johnson's "War on Debt" program the past few days. Now, before you "turn me off" let me ask you this question: WHAT'S YOUR PLAN?

 

That's right...WHAT IS YOUR PLAN to prevent having to "start over" again and again, financially? What is it that you PLAN TO DO to keep this from happening?

 

You see, many like to TALK ABOUT what they are going to do and many want to "play dress up" (see yesterday's discussion) and act as if there really isn't a problem when there really is. But most - if not all - FAIL when it comes to taking action that will actually bring results.

 

Take a look at this next picture and make sure that you read the information about this group of people. This picture was taken back in July at the Dani Johnson event that I attended in San Antonio. So yes, these are REAL people and these are REAL results of what this group of people has been able to accomplish over the past 5 years.

 

Think about it, friend. How long have you been TALKING ABOUT the need to do something about your finances? How many years have you stated that THIS YEAR you actually were going to FOLLOW THROUGH with your New Year's Resolution for once?

 

I'm telling you...GET THIS PROGRAM and get it NOW.

 

You want to hear the "kicker"? Dani Johnson shows you how to eliminate your debt WITHOUT having to make more money to get it done!

 

Yeah, I know, right?  (Just click on the graphic to read all of the details about the program)



 

My wife and I do actually own this program ourselves. It is easy to understand and, if followed, easy to do! The fact is, just like with everything else we've talked about this week, the problem may come in with having to swallow some PRIDE in order to make progress.  

 

A PROVEN program by an honest person that actually is full of integrity. Just take a few moments, go to the page (click on the graphic above) and read the testimonials that you'll find there. I have never in my life seen ANY ONE with as many testimonials as Dani Johnson.

 

There is a 100% money-back guarantee, so stop making excuses and TAKE ACTION.

 

Talking and planning to do something never seems to work, does it?

 

Think about it: the stress that comes from financial struggles literally impacts EVERY AREA of your life. It really does. And, many times, we find ourselves starting over in some of these "other" areas due to the stress that comes from THIS area.

 

Take control of your finances once and for all and start moving forward with what really matters in your life. And, by the way, help your children see and understand the importance of taking control of your fiances instead of your finances taking control of you.

 

You can do it but, friend, here's the question: WILL YOU?

 

Until next time, whatever you do, be sure to...

 

"Make it an AWESOME day! (Who else is going to do it for you?)"

 

Mike

 

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