Debt steals your freedom; it is even more virulent than cancer. You must do everything humanly possible to pay off your debts.

You are in debt today probably because you lived beyond your means in the past or got into a messy business that led to debt. Three things I hate the most in this world: debt, poverty, and disease. Debt could stem from your inability to control your impulses or as a result of the unexpected. Whatever the case, you have a debt and we must address it directly and eliminate it.

My guide will not only get you out of debt, but you will get out of debt much faster than you ever imagined.

Take the following steps to get out of debt now:

1. Control your expenses

You can’t spend money you don’t have. Therefore, if you want to be debt free, you must spend less money than you earn. Start by eliminating the things you don’t really need from your preference scale, that is. learn the act of prioritizing. How much money would you have to spend if you eliminated newspapers, magazines, cable TV, second cars, and cut back on eating out?

2. Decide how you spend your money

Every charity, church, and good program is asking for money. “Just give a dollar.” These dollars add up. If you have a job and a good income, you can spend as much as you can. But if you are trying to be debt free, don’t let other people tell you how to spend your money.

3. List all your debts

This is a very important move; shows your seriousness to be debt free. Get a sheet of paper, a Google sheet, or a notepad on your computer. This list will help you get a good idea of ​​how much you owe. This takes the guesswork out. Another important aspect is to classify this debt from the smallest to the most expensive.

4. Set periodic goals

Goal orientation is the best gift you can give yourself, in all spheres of life. Goals help us turn really hard stuff into little pieces. From your income you can set a goal to pay a certain percentage on a monthly basis. The big picture of this goal-oriented mission is to pay off all your debts and regain your freedom. Once these goals are set, it will be almost impossible to ignore them. This will propel you to achieve your goals faster than you originally anticipated.

5. Start paying off your debt from highest to lowest

Take every penny you receive over your basic life and all the savings and apply it to your debt. Start by paying the highest and then reduce to the lowest. Pay off your debt one by one. This will give you confidence and help you get out of debt.

6. Sell almost everything

Sell ​​the things you don’t need to raise money. It could be your TV, used books, furniture, clothes. The goal is to raise more money and pay off your debt. There is always time for things when you are debt free, so sell them and pay off your debt.

7. Work, work, work

This is mind-blowing; To pay faster, you can work more. Overtime, second jobs, babysitter. More money simply means more debt repayment.

Let me stop here for now.