Give Yourself the Gift of Freedom From Debt

by Kevin on December 26, 2013

The Christmas wrapping paper is bunched up in the garbage. A handful of boxes have been carefully selected for reuse while the rest are sitting at the curb.

Yet your debt remains.

It doesn’t really matter how you got there. Maybe it was credit cards and simply spending more than you earn. One late payment snowballed into a financial catastrophe.

Maybe it wasn’t your fault. You were laid off during the recession and had a medical emergency. You’re now facing $40,000 in medical bills.

Whatever the reason the debt hangs above your head like you’re in a poorly drawn comic strip. Somehow you managed to drop more money on Christmas because, well, that’s what you’re supposed to do.

So the debt grows. The timeline until you are free is pushed out a little further.

Happy New Year?

It’s time to be bold and do something different.

Destroy Your Debt

Dave Ramsey likes to say that being normal sucks because normal is broke. Ain’t that the truth? Our culture is built on consumer spending. It just seems so… right… and wonderful… to go shopping and swiping.

Meanwhile the truly wealthy folks don’t go out much. They don’t drive fancy cars. They don’t eat out every meal.

They are different.

Want to be like them?

Be different.

Let 2014 be significantly different from every other year you’ve had. Do whatever it takes to give yourself the absolute freedom available to those that don’t carry debt.

This can manifest itself in many different ways, but here are two main ones:

  • You might work more than you’ve ever worked. A second or third job. Overtime. Extra shifts. Side work. Whatever it takes to generate enough income to pay down your debt.
  • You might cut back like you didn’t know was possible. Cut off your cable. Fire the lawn service. Go to basic cell phones and drop the expensive data packages. Pack a basic lunch every day. Never eat out. Whatever it takes to free up your cash flow to apply it toward debt.

It’s a magnificent gift to give. Think of what it would be like next Christmas to not be fretting about how you’re going to make the minimum payments on the gifts under the tree. Imagine how much you could give if you weren’t saddled with the weight of debt on your back.

You might have to switch jobs, sell the house, rent a small apartment, eat peanut butter and jelly sandwiches every day, and live like a hermit.

But only for a little while.

If you can force yourself to grind through this painful transition you can significantly change the rest of your financial future. Permanent change to your life, the life of your kids, and of their kids as well. (Of course that’s assuming you’ve learned the lessons about how you got into debt in the first place.)

Aren’t you tired of the same old, same old? Day in and day out?

Be different in 2014. Make changes. Take action. And give yourself one of the best gifts you could ever receive.

{ 1 comment }

Elissa @ 20s Finances January 8, 2014 at 2:36 pm

Sometimes, too, it’s way easier to cut back than imaginable! Sometimes it’s even just looking at purchases on your monthly statement – my boyfriend found out he was getting charged for a gym membership that he quit years ago. Has saved us a ton of money. Good tips!

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