It was 2 years ago that I was over my head in debt. That’s when I started this blog in my quest to get rid of  debt. Initially, I wasn’t off to a good start because the approach I first tried failed. That changed when months later I took a different direction.

Basically what I was trying to achieve is a blog where I could brainstorm and post what I was doing to reduce my debt that would also be helpful for others to reduce and get rid of debt too. I started by accepting donations on the site but that aspect didn’t work out and was scrapped because most of the people who were visiting my site were also in the same boat so hardly in a position to help anyone else out. And really when you think about it, no one should expect anyone else to bail them … Read More

I’m sure those who are deep in debt and in dire need of money have thought of it…”if only I could win the lottery I would be debt-free”. So what are the chances of winning the lottery? The odds say less chance than getting hit by lightning. When’s the last time you got hit by lightning?

It’s hard enough to win the lotto once but I just don’t get how a few lucky people win more than once, sometimes 2 or 3 times even. I remember one guy won millions 3 times over a span of a few years and each time the lottery corporation had to investigate to make sure it was legit  Of course they didn’t find anything and he  probably just had some lucky horseshoes or some sixth sense. I don’t think you can beat the lottery system … Read More

It’s in human nature to put blame on something external when things go wrong. When it comes to a financial crisis, we can blame it on the economy or even creditors as excuses for it.  Of course there are events that can occur we have no control over like job loss or health issues that can also put us in a debt situation.

If you are deep in debt and seem to be going in circles trying to get out of it, then you do have to ask yourself if a self-saboteur is causing your debt problems. That inner self who kicks your self-confidence and is preventing you from rising above your financial difficulties by keeping you in chaos. If so, then it is time to stand up to the bully and get your life back in control.

That would mean:

• valuing money and not spending
… Read More

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. With a weight of a debt load, 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.… Read More

When you are deep in debt, not only do you need to find ways to get out of debt but you need to set a time period to accomplish it. However you got there is no longer the issue as it’s part of life’s lessons to learn from and now action needs to be taken in order to eliminate the debt.

My goal is to be rid of $25,000 in debt in four months (16 weeks). That may seem like a short period of time as it took longer to accumulate it, but I would like to beat Karyn who eliminated her $20,000 debt in 20 weeks through her save karyn website some years back. That’s $5,000 more and in one month (4 weeks) less than her. I figure I am putting the pressure on myself but hey I am sick … Read More

You may be wondering how does debt suddenly appear, then multiply like rabbits and then run you over like a train.  Well it’s quite simple it takes A + B to equal C (in this case D for debt). An event takes place that triggers another event to occur and then the combination of the two is the end result of it. For example, a brainless idiot cheats on his wife, gets caught, is booted out, left homeless, rents a 5-star hotel or sleazy motel (depending on what is available on his credit card) for the night or month, and next thing you know is involved in a long-battled divorce action and is now owing huge amounts of legal costs, alimony and child support for all his trouble. Of course this is an extreme case and most don’t need to … Read More