5 Ways to Burn Your Debt: The debt fireball!

Am I really upside down? No. Having no debt is upside down thinking.

What could you do if you had no payments?

Think about how easily you can get what you want once your debt is torched like a flaming fireball from clear night sky.

Debt Fireball defined: Specific steps to deal with debt -- focus on school loans, credit cards, house, car, 90 days same as cash large screen TV's just like my wife and I did when we took on our first non-home loan and more ... My mentor Dave Ramsey told me about the debt snowball, a goat named practice and of a Gazelle story.

My story is about fire. Taking a flame to those old beliefs about leverage, debt and loans.

How to get out of debt ... Debt Fireball less debt steps:

1. Ants Win

Save, save and save. If you know your wife's birthday is March 5th every year what are you saving this month? When's your anniversary? September 28th is my birthday and anniversary. How many years do you think it took for me to save monthly for this big day.

If my wife is getting a present on the 28th you can imagine what I bought me!

Close your eyes. Do you want to drive a nice car? Picture that car.

How much per month do you need to save now to pay cash by the time you want it?

2. Stop Borrowing

Draw the line in the sand. Build a sand castle and you'll find your debt dropping much as that fireball from the sky.


3. Yes! Attitude really works!

Whether you believe in divine intervention, the fickle humor of the universe or The Force you'll find that mediation, positive thoughts and prayer really work.

4. Sell, sell, sell

Ask yourself "what am I willing to sell to get out of this mess? Or to protect what I have?"

Be careful, sometimes selling costs you more in time, energy and focus than it gives you in cash. Think BREIFLY about how much your time is worth, if you have the time to sell and if you might make better use of the time selling by doing step #5.

5. Extra job or extra hours

During the years immediately following the year I lost $1,000,000 I worked early each day. You can look at your personal situation. Can you add extra hours at work?

Do you need to take another short-term job? Or what else could you do to save, earn or better optimize the cash that you have?

... What's your small NEXT step? Fill out and track debt reduction on the Debt Fire Ball.

If you can start now then grab your yellow legal pad and list all your debt. Once a month track the progress of your debt going down.

As you see your debt fireball burn up your debt you can stay energized to get it done.

You have what it takes.

In many ways! -Dale

Ps. Go to http://lostonemillion.com/ There are free resources that help you to get what you want.

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