Obviously when you have got yourself deep in debt,  you are on the wrong road that just seems to go on for miles with no end solution awaiting in the horizon. Whatever worked before is no longer the case and now it’s time to look for a new direction to get out of debt. This isn’t easy because you feel deflated and a rain cloud seems to hang over your head.

It just brings out to light that money makes more money and no money makes more debt. Good luck draws good things to happen and bad luck…well you get the picture. No wonder you would feel like you are stuck in the mud looking for a way out.

But this is where we need to pull from our inner strength to rise above it. Afterall it is only money that you need to get rid of the debt problem which with some determination can be gained.

Here are some steps that can help to get on the right direction:

1. If you are going to be late in making your payments then it’s best to contact your creditors and tell them so rather than avoid them. The stress of them continually contacting you will take away from the focus of working on a debt solution.

2.  Pay the creditors in priority of importance first. For example, your mortgage payment will take priority over your credit card bills.  You need the roof over your head and you can always give a smaller payment to credit cards if you can. 

3. If you have lost your job or need to add to your income, then now is the time to create your own job. If you have some skills that you can make money from then put them to use whether it’s fixing cars, gardening, writing, selling products, etc.  There are many opportunities to make money using the internet which will give you a flexible schedule working from home.

4. Take care of your health and get enough sleep. Spending your time worrying about your debt problems isn’t going to make them go away and can affect your health. This may be the time you need relaxation exercises the most and using deep breathing techniques, taking long walks and doing yoga can help calm you.

5. Accept that there won’t be an overnight solution to your debt problem. Take it day by day and work on finding ways to manage and reduce the debt.  Have a garage sale and sell things that you don’t really need to bring in extra cash. Tighten your budget and cut back on unnecessary expenses.

Although dealing with debt is a real pain in the neck, not to mention a big hole in the wallet, we have to see it just as a hurdle…a challenge…that we need to tackle and overcome.

You may have heard the term “dot com lifestyle” unless you are too busy working  a regular  9 to 5 job and therefore not even close to living it. Sure it is a wealthy lifestyle which can include fast cars,  expensive homes, exotic vacations and dining in fine restaurants, but that’s not what it’s really about. What it is about is having time freedom combined with money freedom, and then you are officially a dot com lifestyle member. I don’t know about you but that is what I want to achieve.

There are some bloggers out there that are living the dot com lifestyle, making money on their own schedule and operating from anywhere there is a computer and internet connection. John Chow, as an example, is one of them. He claims to make $40,000 per month from his blog, that basically doesn’t require a whole lot of time to manage since he has streamlined some aspects of his site so he can receive income on autopilot and by outsourcing some tasks, leaves him more time to enjoy simpler things like taking his daughter to the park on a Tuesday afternoon.

The dot com lifestyle is having more time to enjoy life and at the sametime not having to worry about money either. Sure there are people who have lots of money like big business CEO’s but they are workaholics and don’t have time to enjoy that money. Then you have those that have a lot of time on their hands but no money to go with it. When you have both time and money, then you have reached the ultimate goal.

In a dot com lifestyle you aren’t stuck in an office on a rigid time schedule nor are you sacrificing valuable time slaving just to earn dollars. You could be lounging in a chair at a beach in your bermuda shorts and still be able to manage your online business.

I tell you if  my blog was making $40,000 a month, I definitely wouldn’t be worrying about money, paying debt, etc. Instead I too would be strolling through the park on a Tuesday afternoon, happily living the dot com lifestyle!