4 Simple Debt Freedom Solutions

Debt freedom is only 4 simple steps away. Now I said simple not easy. I know that Expert just told you to pull out your credit card and buy the next big shiny object. He just told you to believe in yourself and spend $995. The super-duper business kit and $150 auto-ship is the key to millions. Just charge it.

That new flat screen is calling. 0% interest for 18 months. It looks good at 70 inches and it curves. How about a new car? You just paid this one-off but it’s 5 years old and the new car has more lights. The payments are about the same… what is another 5 years paying off another car? You look good in a depreciating asset.

Cash is King

The tough thing about debt freedom is you want to use cash. When you use cash you feel it more. Your brain registers cash leaving your hand. You don’t feel it when you use your debit or credit cards. Just try it and see. Dropping $995 cash on a business opportunity, $4000 on a flat screen, or $25000 cash for a new car will have you investigating your purchases more.

Paying cash will have you work that new business more diligently. Being stuck with business debt and all the crappy products that come with it is a pain. I am not going to get into a debate about good debt vs. bad debt. I rather you bootstrap your way to success. If you knew how to use debt you wouldn’t be reading this article.

Investing cash into your business and purchases makes you more cautious. It produces delayed gratification and in the end, you get better deals because you brought cash to the table. I have bought furniture, electronics, and cars with cash, and saved hundreds even thousands of dollars. Cash Is King.

Debts can kill your business, destroy your marriage, and cause friendships to disappear. You don’t need the stress and frustrations that come with owning credit cards, banks, and personal loans. Here are 4 Simple Debt Freedom Solutions.

4 Simple Debt Freedom Solutions

Pay More Than The Minimum

Stop the habit of only paying the minimum. Your statements show you how long it will take you to pay off your credit cards or loans when you pay the minimum. This only prolongs the agony and you are spending more money. Interest payments equals cash flow for your lenders. That’s how they make money.