Follow Me Out of Debt | Get out of debt and get into prosperity!

Wrapping up our series on starting a business for extra income, I'm going to go over some miscellaneous, yet very important, items and details that you'll want to keep in mind while you are starting your own business. I'll be talking about getting organized and how it relates to not only the business itself but also your own sanity. I'll also tell you how to analyze your competition. Regardless of...

Continuing with our small series on starting a business for extra income, today I'll be talking about choosing a name for your business as well as touching on some points having to do with forming an LLC and securing a proper domain name for your website. It may seem to be overwhelming at times, but trust me, if you take things one step at a time, you'll do just fine throughout this entire process...

What do you do during downtime that occurs when owning a business? That's simple! You work on your business!   When you're first starting out, you have to maximize your time to grow your business. This is especially true during times when you aren't making sales or working with your customers. Fostering growth happens when we strategically plan for what we're doing next with our business during an...

On this next installment of our small series about starting a business for extra income, I'm going to be talking about taking action now to get this business of yours off of the ground. It's too easy to get stuck in the planning stages and never quite get going. Don't make this mistake.   By the end of this episode, you'll be ready to officially offer what it is that you're selling (whether that's...

Continuing the small series of starting your own business for extra income, I'm going to discuss what we'll be doing with the list that you came up with in episode 20. If you haven't listened to episode 20 yet, I highly advise that you listen to that episode first.   We're going to work on filtering our list to come up with the best of the best that is also marketable as a business. I'm also going...

I'm starting a series on the topic of starting your own business to earn more income to apply towards your debt (or anything else that helps you out financially). Starting a business is great; I've got a successful company that I started several years ago that I absolutely enjoy owning.   First things first, though. Before you start a business, you will want to make sure that you aren't in panic m...

Personally, I don't believe in New Year's resolutions. With that said, I also don't think that there's anything wrong with making resolutions; it's just not for me. I like to think that I can set any goal at any time of the year without having to wait until January 1st to start towards my goal.   The primary danger with resolutions that I do caution folks on is the trap of feeling defeated or defl...

Today I'd like to focus on the annual budget. Most of us do a month-to-month budget, and this is still important, however it is recommended to get a high-level overview of the year ahead. When we do this, we focus on things that we may not have considered otherwise or we may forget about.   It's best to analyze the year ahead and plan for what will be coming up: birthdays, anniversaries, traveling...

Getting things down to the lowest common denominator and making life better in general sounds intriguing, doesn't it? Look no further. Have you heard about the movement known as minimalism? If you haven't yet, then you'll want to listen in on this episode. You may just feel the urge to make some significant life changes that can help you to find more peace, have more time, spend less money, and ye...

Do you sometimes feel as though you are swimming against the current? You're trying to make it to the shore, but the current is too strong and keeps pushing you back or is otherwise preventing you from reaching your goal.   What I'm talking about today is when we get excited about getting out of debt, but our spouse does not see eye-to-eye. Not every married couple goes through this, but for those...

There is what sometimes can be a spirited debate with regards to whether one should get out of debt and swear it off completely or get out of debt and manage it well in the future. Which option is right for you?   The simple answer is that it really is up to you. Everyone is different, and everyone's situation is different. The folks on the side of getting out of debt and staying out of debt think...

When was the last time that you took a good look at your auto insurance? How about your home and property insurance? If you've been with the same insurance company for the last several years (or perhaps even as far back as when you first got your driver's license), then it's time to see if you can save some money.   Many insurance companies won't reduce the premiums that you pay if they feel that...

Are you in debt denial? It happens when we are in so much trouble with debt that we put our blinders on and ignore how much trouble we're really in. We ignore consequences and pay the minimum payments every month and continue getting deeper into debt. You know deep down inside that this isn't a good plan, but when we don't want to deal with it, that's when debt denial happens.   This is a very rea...

With the already challenging goal of getting out of debt, we need support from our spouses. Getting out of debt won't happen unless you do get that much-needed support from your spouse. It's as simple as that.   Some might say that this is easier said than done, and while this may be true, we have to try to work towards this goal regardless of the resistance that we may face. The first thing that...

Have you found yourself on more than one occasion using credit cards to pay for things that you used to pay for with cash? There's a harsh reality for a lot of folks out there who are making ends meet by relying on credit cards. This includes making purchases usually paid for with cash by using credit, such as groceries, clothing, and gas for vehicles. Sometimes we may even find ourselves paying s...

No, I'm not talking about the current colder temperatures. What I am talking about is the freeze that happens when we take a look at the big picture and finally realize just how much debt we're really in. It causes this strange phenomenon called the freeze factor. You freeze in your tracks. You get deflated. You immediately want to just give up and just stay in debt because the road ahead looks wa...

Have you ever hit a wall where you feel like being a little selfish with income? You don't want to just hand over your hard-earned money to the credit card company or the bank. You want to keep it and use at least some of it for yourself!

When you're focused, it's amazing what you can accomplish. For many of us, saving that initial $1,000.00 as a starter emergency fund will show you that you can save $1,000.00 if it's necessary to do so. We can take this one step further. If you've already saved up $1,000.00 for your starter emergency fund, what's stopping you from repeating the same process to get a huge jump on debt payoff?

Being intentional is incredibly important, especially when you are working on smaller goals that are related to your much larger goal of getting out of debt. Whether you are just starting out by saving up for your starter emergency fund, or you're already ready to start paying off your considerably large auto loan, you have to be intentional about where your money is going and focus on these goals...

We need to get angry. We can't be passive. We have to get emotional about paying off debt. While looking at spreadsheets and crunching numbers is great from a logical perspective, we do need to get emotionally charged up and fired up first!

It's almost strange when you see someone actually paying with cash. Not too long ago, the opposite was true. Everyone paid with cash, and when someone didn't pay with cash and pulled out a credit card - that was considered to be strange. There is still power tied in with using cash. This is especially true when we're in the process of paying off debt. The power is obvious; we are changing behavior...

There are two important things that we need to do before we start on this journey to get out of debt. The first thing is to bring all of our past due bills current and paid. The thing about some bills, especially medical bills, is that it's easy to simply set them aside and forget about them. They aren't screaming at us - so we don't feel that we need to tend to them right away. The truth of the m...

I came across an interesting way to budget. It allows me to see not only what I'm spending, but it also allows me to allocate the resources needed for each major category. I explain this procedure in greater detail on this episode, so take a listen. I hope that this helps you out with your budgeting as well.

Today I'm talking about the emergency fund, or more specifically, the starter emergency fund. This is the amount that you should have set aside to serve as a cushion for any emergencies that come up that will allow you to pay cash rather than going into further debt when there is an emergency situation that arises.

When we're used to using credit cards or other types of borrowing (car loans, personal loans, etc.), it can be a real psychological challenge to stop the behavior. The truth of the matter is that if we don't buckle down and change our mindset, we are doomed to repeating the same bad habits over and over again.