Comments on: Become A Debt Killing Machine In Five Steps

By: John

John — Sat, 12 Sep 2009 17:42:26 +0000

I honestly agree i beleive that credit cards and advertisement were created by the devil to crush and destroy families. Never has it looked so good to spend money when we’re in the death situation we get in when we are way over out head with debt. You really don’t realize the hole your in until you take a big red marker and write down the totals of your cc and write down how much money your bringing in. When I did that it was like a train hitting me. Get angry pick up your cross and push suffer and scrape until blood comes out your nails. I’ts easy getting into debt but hell getting out. But i’ts 100% possible with Gods help and a goog plan.

By: Sandra

Sandra — Sat, 25 Jul 2009 03:13:39 +0000

This was some tough love that I really needed! Thanks for the post, very helpful to realize I needed to get smart about my debt and to start making changes immediately, not when my next paycheck rolls around.

By: DDFD at DivorcedDadFrugalDad

DDFD at DivorcedDadFrugalDad — Mon, 20 Jul 2009 12:20:47 +0000

Great post! I agree– Get angry! I get fanatical about crushing a bill– it is a battle and you must win!

By: Repair Your Credit score

Repair Your Credit score — Sun, 19 Jul 2009 15:33:27 +0000

#1 is actually more important than it looks in theory. When you get bogged down by debt you tend to sink into despair, depression and fatalism. You get to the point where you think, it’s such a big amount of debt nothing I can do will dent it, and lapse into apathy.

Getting angry at least means you take action, it’s a positive emotion rather than a negative one.

By: Kevin@OutOfYourRut

Kevin@OutOfYourRut — Thu, 16 Jul 2009 19:01:38 +0000

2. Stop spending money, cold turkey–

That’s the single best piece of advice. It’s also the least comfortable, which is why it’s the best. If you’re deep in debt, you have to move out of your comfort zone. The problem with debt begins (and worsens) when we get comfortable with it. Debt goes from slave to master in short order.

If you’re serious about reducing debt, building savings, or virtually any area of financial management, you have to make tough choices, ie, A or B, but not both. So cell phone OR landline, but not both.

The interesting thing is that when you get rid of entire expense items you soon come to realize that you didn’t really ever need them in the first place.

By: RB30RB40

RB30RB40 — Thu, 16 Jul 2009 06:28:06 +0000

Going cold turkey is always a tough one. I think I’d get angry if I had to suddenly deprive myself of all the pleasures. I’d probably go overboard the other way and make things up!

Rgds

By: RB30RB40

RB30RB40 — Thu, 16 Jul 2009 06:18:49 +0000

Not sure if getting angry will work. I just wrote about debt myself. One should compartamentalize debt all into a separate bank account and attack accordingly.

I call my system “Going Broke to Win Big”
http://www.richby30retireby40.com/2009/07/go-broke-to-win-big.html

Rgds,

By: Irv Thomas

Irv Thomas — Thu, 16 Jul 2009 04:50:27 +0000

Why no comment on the evils of advertising. Who do you think is persuading you to spend all that money?

By: Andres

Andres — Thu, 16 Jul 2009 02:49:38 +0000

My wife and I just talked about what Dave Ramsey calls Gazelle Intensity and my wife has it. She gets mad and frustrated with our current situation and she channels that toward working on our goals. I think your article is dead one and look forward to reading more.

By: Neal@Wealth Pilgrim

Neal@Wealth Pilgrim — Thu, 16 Jul 2009 00:38:15 +0000

No surprise….this is another post that gets a “10″ in my book.

I have found that if I get the right motivation behind my goal, I will find a way to get ‘er done.

I am blessed with having no debt at this time but your ideas are fantastic for any challenge.

You got me fired up and now I’m going out to kick some butt on my current challenge – those 20 extra pounds I’ve been slingin’ around.