How I Got Rid of $25,000 Debt

Debt FreeIt 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 out and just take action in getting rid of their debt.  The reality is there is no overnight solution and it’s going to take time to eliminate it. [Read more...]

Are You Looking For A Millionaire To Pay Your Debt?

If you are looking for some rich person to pay off your debt, you are not alone as there are many who are in the same predicament looking for a way to instantly get rid of debt. The burden of debt and feeling of desperation makes you search for a quick way out, hoping someone will sympathize and help you out of your financial mess. But in reality the likelihood of some wealthy stranger giving away their money randomly to help someone out of a bad financial situation is slim.

When I first started this blog, I hoped that I could get enough donations to eliminate my debt.  I had come across someone who had credit card debt due to lavish spending and was asking for donations on her website. She did succeed in erasing her $20,000 debt mainly through donations but from regular people rather than the rich. Her site had gained popularity and also made the news. I would say her case would be more on the rare side rather than the norm.

Sure there are lots of millionaires out there that help people but most of the time it is through tax-deductible donations to charities. Most of these millionaires weren’t born with a silver spoon as were self-made so they had worked to get where they are. Given that they probably wouldn’t easily part with their money unless there was a benefit in it for them. There may be a few that help out strangers randomly with no expectations but I wouldn’t count on it.

I was curious to see if there are any millionaires out there that would give away money and I came across this one website. Of course the identity of the millionaire philanthropist was kept secret to protect he or she. And they would only help a certain amount of requests a month up to a maximum amount each and couldn’t guarantee it would be you that particular month (or any month for that matter). Seemed like worth a try since it wasn’t costing anything.

It didn’t quite add up because they were requesting in the application that you refer some people to the site. Although you didn’t have to but if you chose not to, then some bold ad came up asking you to visit their sponsor’s website that obviously was selling something or another.  I never did fill out this application just clicked through to see where it would have led, suspecting there was some catch to this generosity and of course there was.

The no brainer was that there are ads on the site that they do make money from and are promoting programs on other parts of their site that would cost money out of your pocket.  I suppose they need to add to their coffer in order to meet all their thousands of requests. 

I also searched around and never found anyone who was helped by this millionaire due to all the anonymity of it all.  It would make you wonder that everyone helped is very good at keeping secrets or if anyone is being helped at all, and basically a gimmick to promote the site to get sponsors and make money for themself. If so, then they have mastered a clever way to make money online.

I myself am not solving my debt problem from donations…though I too wish was the case…but from the effort I’m putting in. When it really comes down to it the only person who can help you get out of debt is yourself.

Don’t Be Fooled Making Money Online Is Not Easy

Isn’t that a change someone actually saying that it isn’t easy to make money online amongst the ones promising you that you can make money fast through the various get rich quick schemes that are only in place to take your hard-earned money.

If it was so easy, I should have already erased my debt and be on the road to riches which is not the case at all. It’s hard work and unless you get lucky, it definitely doesn’t happen overnight. Especially if you are new to the game and taken in all sorts of directions, you will get disappointed soon enough.

Sure there are people making money online but majority have done it through perseverance. They’ve learned the ropes, made mistakes along the way and then succeeded.

I started this blog as a means to pay my debt and get on the road to financial freedom.  I realized soon enough that it wasn’t going to be easy but I haven’t given up as I continue plugging along. 

If you are looking for ways to make money online, research first the area that interests you and avoid any schemes that offer overnight riches. When you are in a desperate financial situation it’s easy to get tempted by quick fix ways but they may end up being much more costly than if you invested the time to steadily build an online income.