101 Reasons to Get Out of Debt

reasons to get out of debt

Your friend just paid off their car. Your brother-in-law just made the last payment on his student loan. And you know what? Even your co-worker just told you that he has no mortgage! How is it that everyone is winning at this financial game and you’re still deeply in debt?? There’s just one difference between you and them. They have clear, defined, hugely inspiring reasons to get out of debt. You don’t.

101 Reasons to Get Out of Debt

If you want to get out of debt, but don’t have that one solid reason to do it, you’ll never do it.

There are three emotions that move you: Greed Fear Anger

The best reasons to get out of debt are triggered by two of these emotions – fear and anger. If you’re freaked out about what your debt will do to you and pissed off about how it’s kept you . . . → Read More: 101 Reasons to Get Out of Debt

How to Overcome Medical Debt

bankrupt because of medical debt

If you are sick or have been injured, then you don’t need us to tell you that medical expenses in the U.S. are out of control – even if you have insurance. One of the problems with medical expenses is that it can be difficult to know where to begin and unfortunately many people choose bankruptcy as a way out. But it doesn’t need to be this way.

How to Overcome Medical Debt

Thankfully, bankruptcy is not the only the solution. In fact, more often than not, it’s the worst solution. Take a look at all of your options below. Give it a serious effort, and I believe that you can overcome medical debt and come out the other side stronger than you ever believed possible!

Keep on Top of Your Bills

While this can be easier said than done, one thing you want to do when going through medical . . . → Read More: How to Overcome Medical Debt

If You Really Want to Get Out of Debt, Stop Trying to Sell Those Poop-Stained Onesies

right time for car loan refinancing

“Sell your CD’s, old books, clothing, and beat up kid toys to get yourself out of debt!”…proclaim many of the personal finance blogs out there… Sure, this will earn you some money, but in the end it’s hardly worth the 20 hours of effort to earn that whopping $40. Instead of selling all the crap that you never use and that nobody else wants, why not put in some real effort and sell the good stuff to get out of debt? I mean c’mon, if you really want to get ahead in life, to save up those college dollars for your kiddos, and to go on those vacations of a lifetime without selling your soul to MasterCard…if you REALLY want to get out of debt, it’s time to get real and sell all the stuff people acyually want (ie. make some REAL money – and fast!)!!

If You Really Want . . . → Read More: If You Really Want to Get Out of Debt, Stop Trying to Sell Those Poop-Stained Onesies

How Daniel Slayed $150,000 of Student Loan Debt in 5 Years

higher education without student loans

Since I’m pretty busy being a Dad, husband, financial analyst, self-proclaimed contractor (that recently failed miserably with crown molding…), and a writer for other prominent blogs, sometimes I just can’t keep up. Today is one of those days. Luckily, there are tons of others that are kicking tail when it comes to their finances as well! Daniel his one of those kick-butt stories. Check out his debt payoff account below!

How to Get Rid of Student Loan Debt (6-Figures Worth!) In 5 Years

In the winter of 2011, I learned that the love of my life had over six figures of student loan debt. She was starting her MBA holding a bachelor’s and a master’s degree in engineering and entering the professional workforce. Both degrees came at a price.

In the process of earning her degrees, she had racked up nearly $120,000 in student loan debt by the age of . . . → Read More: How Daniel Slayed $150,000 of Student Loan Debt in 5 Years

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!]

How (and Why) to Reward Yourself While Paying Off Debt

reward yourself while paying off debt

If you’re on a debt payoff journey, you may have heard of the term gazelle intense. Focus so hard on paying off your debt, no treating yourself, and living like no one else now so you can live like no one else later. While being intense is important, that doesn’t mean you can’t reward yourself while paying off debt. Here’s how (and why) you should reward yourself while paying off debt.

How (and Why) to Reward Yourself While Paying Off Debt

This article was written by Kimberly Studdard, one of our fabulous staff writers!

Set Goals

Let’s say you’re $50,000 in debt. If you set goals in $5,000 increments, you’ll be able to treat yourself every time you pay off $5,000. This will keep you motivated to hit those $5,000 goals, and give you something to look forward to when you reach them.

You can create the goals to . . . → Read More: How (and Why) to Reward Yourself While Paying Off Debt

How to Recover Financially When You Get Into Medical Debt

bankrupt because of medical debt

In 2016, a study conducted that 1 in 5 working age Americans with health insurance still struggled with paying their medical bills. Medical debt has also been cited as the #1 reason for people declaring bankruptcy in the United States. So how are you supposed to recover financially when you get into medical debt?

How to Recover Financially When You Get Into Medical Debt

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

It happens to almost all of us. We’re be-bopping along through life, everything is going just fine and then BOOM, you slip on a sheet of ice and break your arm. Or maybe your kid gets sick with the flu and has to spend the night in the ER. Or heck, maybe you or your spouse are diagnosed with cancer… Stuff like this happens, and it leads to medical debt.

So what can you do . . . → Read More: How to Recover Financially When You Get Into Medical Debt

7 Ways to Settle Tax Debt

settle tax debt

We’re in the thick of tax season, and if you’re currently in debt with the IRS, or if you know that you won’t be able to pay what you owe this April, it’s time to consider your settlement options. There are multiple strategies to settle tax debt, but not all of these strategies are created equal—and not all will suit your needs. Learn which route might be the best-suited to your current financial situation and take steps towards a debt-free financial standing.

7 Ways to Settle Tax Debt

I get it. You’re freaked out because you can’t pay your taxes. To be honest with you, yes, this is a big deal. The good news is, you’ve got options. Let’s walk through them and see what’s best for you.

1) Installment Agreement

If you’re unable to pay off your tax debt in full, the IRS government may agree to an Installment . . . → Read More: 7 Ways to Settle Tax Debt

Complete Debt Freedom – 3 Years In!! What’s It Like??

Complete Debt Freedom

“I want a divorce”

Those words barreled toward me like a hundred ton freight train. They struck me, pushed me backwards into the wall and I slunk down to the floor like someone having a heart attack. Never before had I heard these words and never did I think something could hit me with so much force as this.

From then on, my life was changed forever.

Complete Debt Freedom – 3 Years In!!

November 27, 2012 – that was the divorce date. It absolutely killed me emotionally, but financially…it lit a fire inside me that no human being could have possibly put out. Not with their words, not with their disapproving glances – heck, they couldn’t even have stopped me if they knocked me down and beat me. It was time to break the ties to my past so that I could open the floodgates of prosperity to my . . . → Read More: Complete Debt Freedom – 3 Years In!! What’s It Like??

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