50+ Practical Ways to Pay Off Debt Faster [Free Tools Included!]

pay off debt faster

Laura Harris is a fascinating person with an even more fascinating story – debt free by 25, a stay-at-home mom on a super low income, and a self-made success in the freelance writing industry… When she came to me with the idea of writing this post, there was absolutely no way I was going to pass her up. Practical ways to pay off debt faster? Uhhhh, yes please. This is a topic that we’re all craving, and given the quality of the content below, I wouldn’t be at all shocked if this post is soon read by thousands (maybe even hundreds-of thousands) of people.

In 2012, my husband and I became debt-free. What we thought would take seven years only took two. We were shocked. It wasn’t because we made more than the average family. We learned if we wanted more freedom, we had to find as many ways as . . . → Read More: 50+ Practical Ways to Pay Off Debt Faster [Free Tools Included!]

Increase Your Income by Decreasing Your Wages

creating passive income

Did you catch that? Did you know that the best way to become wealthy is by actually decreasing your wages? That’s right. According to the well-known book, “The Millionaire Next Door“, most millionaires do not earn their wealth by becoming highly paid employees. Nope, 2/3 of them own their own business and invest much of their profits either into their company or toward investments, which will then earn them a larger revenue. So what is the real difference? It’s all earnings right? Wrong. The term “income” in my mind is far different from the word “wages”.

The Road Out of Poverty and Into Wealth

If you are a regular here at LifeAndMyFinances.com, you know that I have been harping on the road to wealth for quite some time now. The process is actually quite simple when you put it down in print:

Reduce your expenses Get out of consumer debt . . . → Read More: Increase Your Income by Decreasing Your Wages

6 Ways to Increase Your Income

make money while spending


Are you looking to increase your income? I think we all are aren’t we? The great news is that everyone can do something that will ultimately increase their dollars each month. Take a look at the list below. If you implement just one of these strategies, I bet you can find yourself with a higher income in a relatively short period of time!

#1. Start a Side Hustle

Many of you are aware that this website is my side hustle. It provides me with a nice additional income to pay off bills, to put money into my savings account, or to invest! But, just because this works for me doesn’t mean that it’s right for everyone. So if a website isn’t for you, what side hustle could you do?

Luckily, I just wrote an article about this! 10 Great Side Jobs That Anyone Can Do. You could start your . . . → Read More: 6 Ways to Increase Your Income

10 Ways to Increase Your Income


Are you sick of making the same income that you did five years ago? Or, maybe you’re actually making less since the downturn of the economy. Well I say it’s time to change that! Let’s figure out how to increase your income!

Increase Your Income at Your Current Job

Sometimes when you work for an employer for a few years you start to get into a rut, which typically means that you’re no longer striving to learn and do more. This inevitably means that your wages stay the same as well. Here’s a few things you can do at your job to get noticed and inevitably increase your income!

1) Enroll in Those Development Classes – many organizations have classes that you can sign up for to develop yourself in some way. It might be a class about leadership or maybe its purpose is to teach you more about . . . → Read More: 10 Ways to Increase Your Income