Free Yourself From Debt! 4 Ways To Get Debt-Free In No Time

Out of funds and drowning in debt? This is surely a situation that no one wants to be in. Sadly, this financial hardship can hardly be considered an irregular occurrence. The result of a recent survey by the American Psychological Association reveals that money is one of the biggest stressors in America. Moreover, another survey shows that living a debt-ridden life is one of the top money fears for Americans. Theses studies suggest that in order to beat stress, it is important for an individual to have stable finances and stay out of debt.

This is understandable as paying off huge sums of debt, especially if you are barely getting by, can be stressful or even depressing. While it can be a tough situation to be in, it is definitely not a hopeless one. The moment you realize you are in a financial rut, the best thing you can do is immediately think of solutions to get out of it. If you want to say goodbye to your debt and experience financial freedom, try the following money-management strategies.

Come face-to-face with your debts.

Your debt-free strategy should start by looking at how much money you owe and to whom do you owe them. Just like you list out your goals, you can also put into writing the debt you are targeting to pay. If you have more than one credit card, you can write down the outstanding amounts on each card, interest rates and payment terms. This will help you plan strategies on how to pay off each one and give you a clear idea which loans to prioritize. As you religiously make payments, you can update the list to see how your loan balances are getting smaller. This method will allow you to see your progress and motivate you to reach your financial goals.

Cut back on spending.

If you want to get rid of debt, you have to make sure your lifestyle is not increasing your debt balance. You’ve probably heard how important it is to “live below your means”. Especially if you want to be debt free. This means holding off any purchases that aren’t absolutely necessary. Depending on your impulse control, you may have to hide your credit cards to avoid temptation whenever you want something outside your budget. It is important to accept that for the time being you may need to deny yourself some luxuries or comforts. However, by finding ingenious ways to save and reducing your spending, you can get by without feeling deprived.

Try to negotiate.

High interest rates and compound interest are two of the biggest factors in why paying off debt can feel like a burden. The good news is that you can possibly negotiate a lower interest rate with your bank or other financial institutions. With the right negotiation techniques, you can even request your creditors to freeze the interest for a period of time. These moves will significantly lower the amount you have to pay and ease your financial load. The help they can offer and the strategies you will use vary depending on the kind of loan you have. Remember to be sincere and determined as it may help your creditor be more willing to offer ways to make it easier for you.

Find ways to augment income.

One of the worst feelings is realizing your credit card statement is way more than your monthly paycheck. This can be a  huge problem because to prevent interest rates from accumulating, your goal should be to pay the total amount on your bill every time. This may mean that you have to look for new ways to earn more. You may need to take on an extra job or sell items you don’t need. Creativity and determination will help you think of ways to make more money and get out of the debt trap.

If you wish to live a debt-free lifestyle, finances are one of the most important things you have to take control of. It will take discipline and determination, but the satisfaction that comes from finally declaring yourself debt free will be worth all your sacrifices.

Leslie WolgamottFree Yourself From Debt! 4 Ways To Get Debt-Free In No Time
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Top 3 Reasons to Fall in Love with Boating

Boating is about so much more than hitting the water in a buoyant vessel—it’s more than just water and waves meeting aluminum and fiberglass. Whether you’re powering through the surf in a roaring speedboat or soaking in all that nature has to offer you in a down-to-earth kayak, you’re bound to learn a thing or two about yourself.

And that’s just one of the many reasons to fall in love with boating.

Boating Allows You to Escape the Ordinary

There’s nothing ordinary about being able to defy gravity. When you’re floating out in the middle of the lake, you can escape reality—even if only for just a moment. There’s no other feeling quite like it; it’s like being able to fly.

Boating doesn’t have to try too hard to make you fall in love with it. Moments like that, where you could swear you were transcending time and space, they’re enough to convince you to keep coming back.

Boating is Good for Your Mind, Body, and Soul

It’s a well-known fact that vitamin D is a vital nutrient—and one that you get by going outside and soaking up the sun. Of course, you should always make sure you’ve slathered on at least SPF 30 before spending time in the sun. Still, the benefits of spending time outside are undeniable. Exercise in the form of canoeing, wakeboarding, or waterskiing combines a great workout with great fun, thereby feeding your body and your soul at once.

Boating also forces your mind to stretch to new proportions. To be a great sailor, you have to be able to calculate the speed and direction of the wind; to be a captain, you have to have your wits about you at all times.

If you’re a fan of self-improvement, then falling in love with boating should be a no-brainer.

Boating Strengthens Relationships and Fosters Fun

When you’re out on the water, there’s no need for social media; your social network is sitting all around you, strapped into life jackets. If you’ve been craving that connection with your kids or your spouse that you just can’t seem to find on land, try boating.

Fall in love with boating, and you’ll inevitably grow closer with your family. Boating is the ultimate family activity, and because you’re surrounded by water, feel free to banish technology to the shore.

It’s way more fun to live in the moment anyway!

Leslie WolgamottTop 3 Reasons to Fall in Love with Boating
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Fundamental Truths About Financial Freedom

Financial freedom may seem like a nebulous concept for most people. It feels way too far away from reality to be feasibly attainable. It’s a dream that gets packed away in the closet when the bills come due each month. Whenever you feel hopeful, you pull it out and dust it off, examining the possibilities for your future that it holds. Sensing that it takes time and effort to open the box and unleash those possibilities, you gently cover it back up and store it in the linen closet once again.

The next time you feel the urge to uncover the dream of financial freedom, don’t hesitate to open that box, knowing that you’ll be armed with the most fundamental truths about money and financial freedom.

Money Cannot Buy You Happiness

It’s a well-renowned idea that abstract concepts, like love and happiness, can’t be bought with money. While it’s true that the things you can buy with money can engender feelings of joy and affection, the truest happiness and love come from immaterial pursuits.

Money cannot buy you happiness. Money cannot buy you love. But, money can buy you something better, something that can foster the growth of those two ideals. Financial freedom can buy you time: the most precious resource on the planet. Once it’s used up, it’s gone forever, and it keeps ticking by, no matter how hard you wish it wouldn’t. Having enough money not to have to trade your hours for dollars allows you to spend time with your loved ones. Financial freedom allows you to determine your own happiness and to devote your resources to loving everyone around you more intentionally.

Money is Not the Root of All Evil

To be clear, this is an often misquoted Bible verse. It’s 1 Timothy 6:10, and it doesn’t say, “Money is the root of all evil.” Instead, it specifies that the “…love of money is root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.”

In the end, money is not the root of any evils. It is only when people are overcome by greed or feel an intense need for money that evil arises. That love of money causes people to lie, cheat, steal, and more just in the pursuit of that peace of mind that comes with having money.

When you’re comfortable in your financial freedom, you don’t love money. You enjoy what it can do for you, but you’re not clamoring for it. There’s no need to resort to evil to attain it. Now, that’s true peace of mind.

Money Won’t Set You Free

Simply having money won’t set you free. Financial freedom is about more than just having loads of cash stashed away. It’s a mindset that allows you not to worry about having to grind day in and day out to maintain your lifestyle.

Money can’t and won’t set you free. Only you can set yourself free.

Leslie WolgamottFundamental Truths About Financial Freedom
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