12 Ways to Stay Motivated to Pay Off Debt

stay motivated to pay off your debt

So you’re on the path to becoming debt free? – that’s AWESOME!! What’s not awesome is that you’re starting to drag butt on your goals… Your friends have abandoned you, your family makes fun of you, and the excitement of getting out of debt wore off after Day 3…. You’re still committed, but how in the world can you stay motivated to pay off debt?

12 Ways to Stay Motivated to Pay Off Debt

It’s not easy, but it IS possible. Check out the suggestions below and keep punching your debt in the face (or jugular, or abdomen…or groin…whatever is the most effective)!

Map It Out

Just like in boxing (to continue with my punching analogy), it’s hard to hit something if you can’t see where it is. The same is true with debt. If you don’t know the size of your debts, the number of your debts, or when . . . → Read More: 12 Ways to Stay Motivated to Pay Off Debt

Are You Wealthy? Take the One-Question Quiz to Find Out!

how to know if you're wealthy

Have you ever asked yourself the question, “Am I wealthy?”

If you’re living paycheck to paycheck and have tens of thousands of dollars in debt…then the answer is pretty simple. No, you’re not wealthy. In fact, you’re a financial disaster waiting to happen. I’d seriously be scared if I were you.

But, if you’ve been reading this blog for a few years, have gotten yourself out of debt, and actually have a nice buffer of cash, well maybe you’re finally one of the wealthy ones….but how can you know for sure?

How to Know If You’re Wealthy

If you watch too much TV or get a little too caught up in the lives of the rich and famous, you might think that wealth has to do with:

What you drive What you wear, or Where you live

At this point, I think we pretty much all know that flashy cars . . . → Read More: Are You Wealthy? Take the One-Question Quiz to Find Out!

5 Steps to Build Rapid Wealth

build rapid wealth

Did you just turn 50, deathly afraid that you’ll never be able to retire? Or maybe you’re 20 years old and just want to build up a massive amount of wealth in a short period of time.

No matter where you are on your life’s journey, these steps to build rapid wealth WILL work for you.

I can tell you that with confidence because my wife and I follow these exact steps, and we’re well on our way to becoming millionaires in our mid-30’s.

5 Steps to Build Rapid Wealth

This post contains affiliate links.

“Alright, so what’s the secret, Derek?”…”Is it network marketing? Developing the next Angry Birds app? Buying a car wash…? It’s got to be something crazy if you think we can build up a million bucks in roughly a decade!”

No, no, no, annnndd not true…nothing crazy. Just simple hard work and intentionality.

Here are the . . . → Read More: 5 Steps to Build Rapid Wealth

Ethos Life Insurance Review – Cheap, Quick, Easy

ethos life insurance

Do you have life insurance? And, probably a better question is, “Do you have enough life insurance?”

If you have a wife, children, or aging parents that depend on your income, then you absolutely should….and you know it. And how much life insurance should you have? The rule of thumb is to have insurance that’s 10 times your annual income. If you earn $50,000 a year, then you should have a $500,000 life insurance policy.

Why so much? It’s so your family can continue to operate and function normally, even after you’re gone.

Think about it. You’ve got your kids in private school and your wife is a stay-at-home mom with a small side-business. If you were hit by a car tomorrow, would they be able to continue that life?

Nope.

Without a doubt, your kids would have to transfer into the low-grade public school down the street, and . . . → Read More: Ethos Life Insurance Review – Cheap, Quick, Easy

Top Reasons to Pay Off a Mortgage Early – by the Mortgage Mutilator

top reasons to pay off a mortgage early

I met Alex about a year ago when he reached out to me for the first time. He had recently started a website (like I always encourage ALL of you to do) and wanted to reach out to, and help, as many people as possible. I agreed to let him write an article for me, and quite honestly, it was fantastic. Since then, he’s reached out again. And this time he had even more material – the top reasons to pay off a mortgage early! Check out Alex’s awesome post below and the special offer at the end. Enjoy!

Top Reasons to Pay Off a Mortgage Early

When we paid off our $400,000+ loan in only 6.5 years we saved a boat load of money. Money that we’re now getting to keep for ourselves instead of paying it to the bank as interest.

A handy rule of thumb is . . . → Read More: Top Reasons to Pay Off a Mortgage Early – by the Mortgage Mutilator

9 Benefits of Debt Freedom That Have Nothing to Do With Money

benefits of debt freedom

A giant net worth, a healthy savings account, thousands of dollars of cash flow each month – all of these things are benefits of debt freedom, but I wouldn’t call them the benefits. Sure, money is great and all, and it’s fantastic to not owe a soul a single penny, but the benefits of debt freedom reach farther than the typical person can actually comprehend.

9 Benefits of Debt Freedom That Have Nothing to Do With Money

I’ve been completely debt free for almost 3 years now, and it’s funny how things change…

You know those emotionally moving videos on Facebook where the gruff old guy gets gifted with those special glasses so he can finally see color? He opens the box, glances up at his wife and kids and gives the look of, ‘Yeah, right. This isn’t going to do anything. Nothing’s going to look any different.’

…and then . . . → Read More: 9 Benefits of Debt Freedom That Have Nothing to Do With Money

The Best Bill is One That Never Happens – Here’s How to Do It…

You rush to the car juggling your coffee, car keys, and a couple of bags. You yell for the kids to hurry and remind Johnny to go back in and get his lunch box.

And that’s when you notice the flat tire. Ugh! You don’t have time for this right now! How old is that tire anyway? What could possibly be wrong with it?

When you dig through the glove box, you find the receipt for the tires…and it’s not what you expected. You actually bought them longer ago than you remembered. And somehow never managed to get them rotated or inspected, even though it was included with the original price of the tire…

How would you like to never have another financial emergency? With some intentionality, it’s absolutely possible.

How to Never Have Another Financial Emergency

There’s never enough money or enough time in our lives. We feel like . . . → Read More: The Best Bill is One That Never Happens – Here’s How to Do It…

5 Goals to Have After Getting Out of Debt

goals to have after getting out of debt

Ever watch a dog that has the slightest twinge of hunger? You can literally see their mind racing on that one single topic — “Food, food, food, gotta have food.”

When we’re extremely motivated to get something, our brain acts just like a dog on a hunt for food. It’s 100% focused and totally oblivious to anything else!

“Get out of debt, get out of debt, gotta make another $20, get out of debt.”

Related: How Does the Debt Snowball Really Work (FREE TOOL INCLUDED for YOUR Debt Snowball)?

Haha! This is great and all when we’re just racing to get out of debt, but what about when you hit that goal? What the heck should you do once you get out of debt? There are so many people out there that just don’t have a clue. They might save up a few more bucks, but they just end up . . . → Read More: 5 Goals to Have After Getting Out of Debt

How to Get an Education Without Debt

get an education without debt

With average student loan debts hovering a little over $30,000 after graduation, many people think it’s impossible to get an education without debt. But it’s not! In fact, with technology, education is expanding exponentially, and there are a ton of ways to learn, and even get a degree, without pulling out a single loan.

How to Get an Education Without Debt

This post has been written by our talented staff writer, Kimberly Studdard.

So what can you do if you’re ready to head to school, but you’re having a hard time making the numbers work without taking out those dreaded student loans? Even though many people would tell you otherwise, there’s actually plenty you can do! Take the steps below and you’ll be well on your way to get an education without debt!

1) Choose the Right College

Choosing the right college can help you get an education without . . . → Read More: How to Get an Education Without Debt

5 Reasons You Couldn’t Pay Me to Win the Lottery

win the lottery

Are you dying to win the lottery? Are you dreaming of all the things you could do with millions of dollars? That new yacht, that mansion of a house, the garage full of exotic sports cars… sounds pretty good right? To me, it sounds horrible…

5 Reasons You Couldn’t Pay Me to Win the Lottery

No, I’m not some kind of extreme minimalist that deprives myself of all the luxuries in this world. And, I’m not against the lottery because it’s really just a giant tax on the poor (although, this is a serious problem that needs correcting). I have five other reasons for never wanting to win the lottery. And, I’m so against winning it, that I wouldn’t even agree to win it if you paid me money on top of the winnings.

Sounds crazy, right?

Who in their right mind wouldn’t want millions of dollars to just fall . . . → Read More: 5 Reasons You Couldn’t Pay Me to Win the Lottery