Get Out of Debt 4 Ever (Part 2)

So here’s the facts, you either came back looking for more answers or if you’re just joining us… just kept reading, if you came looking for hugs you came to the wrong place feel free to leave anytime. Well looks like you’re ready to get to work so lets get straight to it!!

1. Make a list of all those that you owe and don’t be shy. This includes everyone, thing, person, animal, loan shark, credit company, mob boss, and so on. You may be surprised how much you really owe. You will probably end up saying, “Wow, I owe more than I thought. I was really in self denial, I had myself fooled!!” Now look around make sure no one is around……..now say “Holy smokes I’m an IDIOT!” and say out loud.

2. If you can’t do number 1, you’re obviously still in denial and actually like being in huge debt! Just stating the facts! We’re looking for people who will actually step up to the plate! Last chance, say it out loud!! If you still can’t say it then be on your way please, you’re bugging us, thanks for stopping by!!!

3. Now, at the very top of your list put Family members you owe first then close friends. Let me guess “but I have credit cards with interest pilling up, why aren’t they first?” HEY, no excesses!!! Your calculations up till now haven’t really worked now have they!! Family should come first in everything you do or decision you make, right? If you hit absolute rock bottom, who is going to be there to help you get back up? Your credit card companies, yea right!! How about your family, whom you’ve put first? It also goes with your CLOSE friends as well.

4. After Family and Friends put whatever debt you owe starting with the lowest total amount first. (T.V., laptop, couch, student loan, car 1, car 2, credit card 1, credit card 2…3….4, house……everything and anything smallest to largest debt)

5. Now when you start paying this stuff off start at the top of the list. Believe me you’ll feel great about getting family and friends paid off first. Then family get togethers won’t feel so awkward. Then we’ll knock off one small thing at a time. “Why don’t we start paying the big things off first or the high interest cards?” Ever try eating a 24oz steak in 4 bites without getting a cramp in your jaw or choking to death while some red-necked guy named Butch is giving you the Dodge Hemi-lock? Sound rough? So is attempting to pay off the large debt first. You will feel like you are getting nowhere. So, back to this plan and not Butch’s. Lets order the smaller steak first and take small bites while building up some confidence. Then we’ll tackle the 24 ouncer later.

Keep this list handy as you’ll be looking back on it and checking stuff off as you pay them off. There is one more thing left to do before we get started and that’s in part 3!! Feel free to post any questions. See you next time.