The new year is in full swing. Here is some more debt relief help to keep you focused. Plenty of resolutions will be made. Some will be abandoned, but getting out from under crushing debt must remain on every to do list.
Hopefully everyone has planned to get complete control of their financial house. Since the administration and the congress have no intention of controlling their spending of our tax dollars, we need to be sure we can survive their ineptitude.
Part of that sound financial planning is to avoid mistakes that can take money out of your pocket and derail your brand new budget plans. If you don't have that new budget plan or even if you do but haven't yet read Dave Ramsey's great book, "The Total Money Makeover," please make that a priority. There is tremendous information in the pages of that book.
Dave Ramsey posted,"nine ways to go backward in 2013." Here they are for your benefit. I added a short comment to each one. Avoiding these nine mistakes will provide very sound debt relief help. Just replace 2014 with 2018. This cannot wait until next year.
1.) Just Wing It... This is the opposite of good planning and being budget conscious. Failing to plan is for sure planning to fail.
2.) Wait Until 2014... Maybe you're thinking this isn't the right year to work on getting control of your finances. Read the page on procrastination. For sure this is the right year!
3.) Expect The Government To Help You... See paragraph two of this page! Taxes are going up. For everyone.
4.) Make Excuses... "You don't understand. My situation is different." It doesn't matter. Do it now. This year.
5.) Use Payment Plans.... Financing consumer items is guaranteed to move you closer to broke rather than closer to debt free. Broke people ask, " How much is the monthly payment." People in control of their money ask, "How much is it." If you can't pay cash for it, are you sure you really need it?
6.) Buy Every Updated Version Of All Hot Products.... Companies put out "new and improved" versions of their products every year because they know lines will form to buy the newest stuff. If you cannot fund your own retirement account, do you really need the newest phone?
7.) Listen To Broke Friends And Family... This one gets plenty of people. I've been in this group. Follow the advice of the people who have succeeded and are where you want to be. This website exists to put those folks right in front of you.
8.) Live In The Past... Don't beat yourself up for past bad decisions. We're laser focused on building a great future. I spent plenty of time in this group as well. What a waste of time!
9.) Spend More Time Dreaming Than Working.... It is great to dream of what you could do when you get control of your finances. But we need to spend most of the time doing the work.
The most effective debt relief help is usually found on the road least traveled. I think it is very similar to weight loss programs. We have a worldwide problem with obesity. That problem always takes us to even more dangerous places in the form of chronic disease.
We have a problem with seemingly insurmountable debt loads. The pressure and uncertainty lead too many of us to reach for anything that is advertised over and over. We don't think through what got us in this predicament in the first place.
With weight loss, it could be low-fat diets or expensive celebrity endorsed plans. Those low fat-diets led to disastrous health damage and usually failed to promote lasting weight loss.
Debt consolidation plans are in my opinion, the worst form of debt relief help. They don't always deliver on their promises.
I would suggest that a better first step in the area of eliminating debt is to get a clear view of your current situation. That means knowing exactly what you owe and how much income you have available.
While seemingly obvious, I know from experience that most people buried in debt have no idea how much they owe. During my decade as a mortgage broker I spoke to hundreds of people who expressed shock when we went over their credit report. They knew they had a problem. They just didn't know or wouldn't admit the size of the problem.
Here is another radical thought that will draws waves of derision. Don't take out student loans. Be very diligent in your search for grants. And pay your way through college. I know this is crazy talk. The money is so easy to get. Why should anyone work when the government is throwing money at people with no track record of paying back loans?
The road is less traveled because it's harder. At least in the short run. It's harder to face up to the actual debt amount. It's harder to work and attend classes in your spare time at local colleges rather than enrolling in over-priced universities and living off seemingly free government checks.
But when you're free of student loan debt it will be much easier than those who signed on with Sallie Mae and are still paying, twenty years after leaving college.
Goals and plans. The three words that people who don't face reality dread. They know the words are true. But it's too hard. For those wishing for true debt relief help, those words are like a lighthouse for a ship trapped in a storm. They provide a landmark and a safe direction.
Be sure to check the page regarding Stephen Covey's great book on goal setting. And remember to keep those goals aligned with your true values.
This is the year it comes together for you. Then you can become the example that provides debt relief help to some other people. All great events start with small numbers of determined people working hard.