5 Things To Ditch In Your Life That Will Help You Become Debt Free

Here are the 5 things you must ditch in your life to become debt-free and live the life you have always dreamed of. These are the same five things we had to overcome in order to attack our debt and pay off over $25,000 in less than 5 months.

FIRST - Ditch all of your excuses! They don't help you in any way and prevent you from taking action. Completely change your mindset and take ownership of your situation. All of your decisions leading up to your current situation got yourself there. Once you can take ownership of your debt you can start taking action on becoming debt-free.

SECOND - Being okay with financial ignorance. Unfortunately in most cases learning about money is not something that our parents, teachers, professors, friends, etc teach us growing up. You need to stop being lazy and start taking your life into your own hands. Pick up a book, listen to a podcast, subscribe to our channel. There are literally thousands upon thousands of free resources out there teaching about financial literacy.

THIRD - Ditch those negative people! Look around at the 5 closest people in your life. I can almost bet it's like looking into a mirror. If you hang out with people that are going nowhere in life, have no motivation, are accepting their financial struggling then you too will do the same. Surround yourself with positive people that are motivated and hard-working. You will be surprised how much the people around you actually affect your life.

FOURTH - Stop isolating yourself. Becoming debt-free is no easy task. It takes a lot of hard work, dedication, and will power to continue on when things get hard. Your debt-free journey is going to be a long journey and you need support around you to succeed. Surround yourself with like-minded people who are also on their debt-free journey. Join our Facebook group for support! https://www.facebook.com/groups/thesavvycouple/

FIFTH - Let go of that fear! God put you on this earth with a big purpose. You need to find that purpose and pursue it with everything you have. Being held down by debt is not an option. "The borrower is a slave to the lender" - Proverbs 22:7. Look fear dead in the eyes and tell it not this time! Be okay with leaving your comfort zone and making a real change in your life.

BONUS - Ditch those credit cards like a bad habit. If you are carrying a balance from month to month and only paying the minimum you have to cut them in half and use a different method. Credit cards have some of the highest interest rates around and are designed to keep you trapped in debt paying interest for year upon years. That's how they make all their money. Save a $1,000 emergency fund as a buffer and switch to using debit cards. This will help you stay more disciplined and stop digging yourself a bigger hole to climb out of.

RESOURCES & LINKS MENTIONED IN THIS VIDEO:

More Printable Budget Template Options:
https://thesavvycouple.com/budget-templates/

Our In-depth Step by Step Guide on How to Become Debt Free:
https://thesavvycouple.com/how-to-pay-off-debt/

Our favorite financial books:
https://thesavvycouple.com/personal-finance-books/

Equipment used in the video:
https://amzn.to/2YeOtFd

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Видео 5 Things To Ditch In Your Life That Will Help You Become Debt Free канала The Savvy Couple - Kelan & Brittany Kline