7 Secrets On How To Get Out Of Debt Fast!
This is one of my 7 Secret Series Programs designed to get you out of debt fast and change your life. Follow the steps exactly and watch the transformation in your life take place instantly. This is not a get rich quick scheme; rather it’s a program that you should practice over the next seven weeks. There are neither frills nor a bunch of glamorous words used to take up space. Just a simple and easy to understand set of directions for you to implement immediately.
The first thing that has to be done if you want to get out of debt is probably the hardest of all the steps and that’s why we will address it now. The sooner you accept this first step and the sooner you take action, the sooner everything else will naturally fall into place. The first secret to getting yourself out of debt fast is you MUST CHANGE! You have to change your current way of thinking, starting right NOW. Whatever it is that you have been doing up to this point hasn’t been working, otherwise you wouldn’t be reading this now. So, you have to change your way of thinking. If you want something you haven’t had before, and that is to be debt free, then you have to do something that you have never done before. Though many resist the very idea of the word ‘change’, if think about it, the only constant in this universe, is change. Change your thoughts now and the following steps will help you to do just that.
So if you have decided to accept the hardest challenge that most wont, and that’s why they will continue to live a life of mediocrity, than continue reading, otherwise discard this now and accept your situation. The second secret to getting yourself out of debt fast is almost as challenging as the first. Actually, without you totally selling out to idea of change, its almost impossible to achieve secret number two. Secret number two is something we have all heard before but have never been able to put into action until now and that is, Pay yourself first! This must become a way of life for you. If you don’t pay yourself first nobody else will. Its not often, if ever that someone knocks on your door and says "I thought I would give you some money before I put food on my own table". Pay yourself first. You have been conditioned over the years to pay your bills on time and pay for this, and pay for that, and if there is anything left over, its for you. WRONG! WRONG! WRONG! Pay yourself ten 10% of all money that comes into your possession. If you get $100 bucks from grandma, take $10 of it and put it away. George Clason in his book The Richest Man In Babylon saysit best, "A part of all I earn is mine to keep". Adopt this phrase as your daily motto and put it into action now. If you only make $200 per week, that $20 dollars that you put away in savings is not going to be missed at all. But over the course of 50 weeks, that simple little $20 bucks turns into $1000! So, again, pay yourself first; if you don’t nobody else will.
The third secret follows naturally behind number two and that is, live within your means. Now I’m not saying to give up the quality of life that you and your family knows, but I am suggesting that you look for ways to cut your monthly expenses. Cutting out that $5.00 a cup of coffee from Starbucks could add up to an extra $100 per month in savings. There isn’t a single wealthy person that spends more than they have. Thus, part of the reason for there wealth. You must live within your means if you want to get out of debt fast.
The fourth secret to getting yourself out of debt fast is to create a budget and track your spending habits. This is very simple to do, simply itemize your expenses. Whether you use computer software or simple legal pad as I do, write down who you owe and how much. Be sure to include the periodic bills such as quarterly insurance premiums, or annual car tags. Treat your household finances like a business. You would never steal from your place of employment, so don’t steal from yourself. Create a budget and stick to it. In order to stick to your budget, you need to know where your money is going. You can determine where you money goes by tracking every dollar that you spend. To track your money you should go to your local dollar store and get you a little 3x5 notepad. Everytime you spend any amount of money at all write it in your notepad. Now you can track your spending habits and see exactly where your money is going and where you can fine-tune secretnumber three. Make a budget and track your spending. If you wouldn’t steal from your employer, why steal from yourself? That’s exactly what you’re doing when you don’t stick to a budget.
The fifth secret to getting yourself out of debt fast is very basic and rudimentary in principal but still warrants being discussed briefly. To get out of debt fast you must increase your monthly intake of income. There are variety of ways to do just that, such as selling items on Ebay, garage sales, selling old clothes to consignment shops, just to name a few. Whether it be increasing hours at you current job, getting another job that pays more, or getting a second part-time job, you have to increase your monthly income. If you have done the previous steps exactly and in order, the pressures of debt should be lifted and now its time to implement the last two secrets which happen to be my personal favorites. Secret number one is the most challenging of all seven, followed by number two, but these last two secrets will not only get you out of debt fast and permanently, but will help you to build and secure wealth.
The sixth secret to getting yourself out of debt fast is to invest the ten- percent of your earnings so that your money begins to work for you. This 7 Secret Series is not for the purpose for telling you what to invest in, that another series that will be released shortly. But I will say that you must invest into something. I will say stay away from the get rich quick schemes and anything that has high risk involved. Before you invest your hard-earned savings, you should do a little research. If all else fails contact me and I will be glad to be your sounding board. Only invest 10 percent of your savings in the beginning, then in time you can invest more when your returns come in. The last and most rewarding secret to getting out of debt fast is, Give It Away. The law of attraction states that the quickest way to get something is to first give that same thing to someone else. Pick a favorite charity and make a monthly donation. It doesn’t have to be a lot, but believe me, for someone that is in need, something so little will mean a lot to them. If you can’t find a good charitable organization to donate to, call me, I know several or you can donate to one that I personally founded called The Ben Fallen Heroes Relief Foundation at
http://www.benseminars.com/relief.php . This is a foundation that I funded to help family members of bounty hunters that have been killed in the line of duty.
Let’s recap the seven secrets again.
Secret #1 is: Change your way of thinking. If you want something you’ve never had, you have to be will to do something you’ve never done.
Secret #2: Pay yourself first. Pay yourself first because if you don’t, nobody else will.
Secret #3: Live within your means. Look for ways to cut your expenses.
Secret #4: Create a budget and track your expenses. Don’t steal from yourself and monitor every dollar that you spend.
Secret #5: Increase your monthly income. Find a way or make a way, but get more money.
Secret #6: Invest your savings. Don’t try anything risky. If it sounds too good to be true it is.
Secret #7: Give it away. Donate 10% of your savings to your favorite charity or simply pick an address out of the phone book and mail that person some money.
Follow these steps exactly and in order and you will get out of debt fast.
May you have all the success you deserve,
Eric
