Debt Snowball Continued

So how do you get the debt snowball rolling? You need to get intense. Do you really want to be debt free? Are you sick and tired of being sick and tired? Are you willing to make sacrifices? You should have said yes to all three questions in order to make this work.

You will probably make sacrifices to get the debt paid off as quickly as possible. If you get really intense about debt freedom your life will change for the better. How would you like to live without payments and have loads of cash? How about never having to borrow money again or living paycheck to paycheck? Are you getting excited yet? You should be.

You may need to sell some stuff to get the snowball rolling initially. This is only a short term option, unless you have lots of stuff to sell. If that is the case then this may be the only solution to eliminate the debt and start building wealth. Another option is to increase your income.

Increasing your income is the solution of choice if you are wanting to get long term results. How do you increase your income? Get a part-time job. You may have to work lots of hours and sacrifice some social aspects of your life to get this debt eliminated.

That may not sound good to most people. Most people do not want to sacrifice to beat the debt. Of course, most people are in debt up to their eyeballs. The way I look at it is I could sacrifice for a short amount of time and live debt free for the rest of my life, or struggle all my life with no money and no sacrifice. Which would you choose?

As I said in the last post, April and I are currently on this step. We both work full-time jobs, but I wanted to get intense about the debt snowball so I took on a part-time job. Unfortuately it was only project work, so I am currently not working two jobs. However, my goal is to get another part-time job that is long term.