Tips from Finance Coaches on Staying Out Of Debt by Freedom Debt Relief
Trying to get out of debt can sometimes seem like an endless fight. It feels as though you make a little progress and all of the sudden, you’re right back where you started.
Freedom Debt Relief mentions that hearing a few tips from top financial coaches can provide some great motivation and direction on how to get out of debt.
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Dave Ramsey – Take A Second Job
Dave Ramsey is a popular radio show personality who helps people get out of debt. One of this tips for getting out of debt is to take on a second job.
He had this to say about his second job while working his way out of debt, “While having a full-time job, I also took a part-time job at the YMCA for extra cash. I took on odd jobs like doing hair for a bridal party or helping my mom’s bakery with new projects. For a while, I even lived on a farm and boarded horses to help pay for my rent. Your income doesn’t have to be limited to one source.”
Karla Kingsley – Prioritize Your Wants vs. Needs
Karla Kingsley of the Maximize Your Money blog learned to dig herself out of debt and now teaches others how to do the same.
She had this to say about prioritizing your wants vs needs, “Often times people confuse a “want” as a “need”. They fail to plan ahead and spend money on impulse items without taking a moment and asking themselves, “Do I need this or do I just want it?”
She goes on to mention, “A need is required for survival, but a want is a desire. I need to eat, but I want filet mignon. There is a huge difference between the two.
Taking just a couple of minutes to think this through before making a purchase can save you from breaking the bank. If you are unsure, ask your spouse or a trusted friend. If something truly is a need then you must plan for it in your overall budget.”
Freedom Debt Relief notes that Karla is really speaking to the battle against instant gratification. It can be difficult to control. But being aware that it is there and taking a step back so you don’t give in can start building money saving habits.
Todd Tresidder – Change Your Life Habits
Todd Tresidder of Financial Mentor says most people in debt know they need to spend less and earn more. He describes it this way, “The only permanent solution is to change your life habits and attitudes that got you into the problem in the first place. You’re the cause of your debt, and you will be the solution.
Your financial problems are merely the accumulated reflection of the many small financial mistakes you’re making on a daily basis – often without knowing any better.”
He continues, “The solution is your daily habits and attitudes.”
Freedom Debt Relief summarizes what Todd is ultimately saying is that debtors need to take action in the right direction. Many of them know they have a problem. They just aren’t sure how to solve it.
Are you facing a mountain of debt that you can’t get out from under? Freedom Debt Relief could help resolve your debt so you’re debt free faster. Contact them at freedomdebtrelief.com for a free debt evaluation with certified debt consultant.
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Category: Debt
