Getting Out of Debt

5 Ways to Quickly Increase Your Income

We have already focused a bit on reducing your outgo, but there is another side to the “get out of debt” equation: increasing your income. In fact, increasing your income will likely produce more dollars for debt reduction than reducing your spending. It is faster to see results, too. Consider the following five ways to increase your income in the …

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Getting Out of Debt: Slash Your Monthly Budget

If you are currently deep in debt, and unable to significantly increase your income to help pay off your debt, you may want to consider chopping away on the other side of debt freedom equation – your monthly expenses. The only way to free up more cash to put towards debt is to increase your income or reduce your spending. …

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Paying Off Debt Using the Debt Snowball Method

Over the last couple years we’ve managed to pay off thousands of dollars in debt, in a variety of forms. Initially, we set out on a path of paying off debt by working on the debt with the highest interest rate. That was, until I met Dave Ramsey at a Live Event and he forever changed the way I thought …

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Getting Out of Debt: Taking Inventory

Most of us have sat around on a lazy afternoon and day dreamed about getting out of debt. We imagine a debt-free budget, tons of disposable income and the freedom only debt freedom can bring. Unfortunately, few of us actually take action on those dreams, for one reason or another. It’s too hard. It will take too long. I don’t …

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