Today was a great day. You were productive, spent time with your family, and went to bed on time. You close your eyes ready for tomorrow, only to find yourself awake 4 hours later… This is the time that your brain ruminates your revolving debt as you desperately try to get some rest.
If your financial situation doesn’t change, you know you won’t be able to retire with enough money. You then start to wonder if you’d ever be debt free.
Being in debt is one of the worst places you can be, but you’re not alone.
I and thousands of others have been there. Those who were lucky managed to pay off their entire balances.
You can too. But, you need to take action fast.
The good news is that there are clever ways to be debt free — the debt snowball method. It’s not easy, but if you’re ready for change–here’s how you can get your financial future back in order.
Kickstarting to Get out of Debt
First and foremost, you need to get yourself mentally prepared to before you start your debt-free plan.
1. Commit for a Worthy Cause
There are stories of people having a “magical moment” when they’d decided to become debt free.
The reality is that you don’t need this magical moment. What you need is commitment.
Instead of telling yourself that you want to be debt free, find a reason worth fighting for. Think of what having zero debt would bring to your life.
Would you be able to travel more? Would you be able to sleep better at night?
Despite most Americans carrying some type of debt, having debt isn’t normal. You’ll put yourself in the never-ending “rat race”–living an unfulfilled life. One where you’ll be dependent on a job you hate to sustain a lifestyle you can’t afford.
By having a clear purpose, you’ll focus on reaching your goal despite the obstacles that come your way.
I’d hit rock bottom when I realized that I was living paycheck-to-paycheck. It was at this moment that I became determined to pay off $6,000 of credit card debt. Because I had a purpose I was able to make an extra $500 principle payment each month–paying off my entire balance off in 18 months.
The same can happen to you, but find a reason worth chasing.