Over the past year, I’ve talked a lot about how to eliminate debt. You’ve joined me as I found creative ways to reduce expenses and increase my cash flow. Today I want to share with you some reasons why getting your consumer debts paid off is such an important and life-altering decision.
- No more living pay check to pay check. Living pay check to pay check is a way of life (i.e, wage slavery) where not receiving your next paycheck would result in financial hardship. It sucks. With no consumer debt payments, your positive cashflow is higher. This enables you to save up several months living expenses and break out of the pay check to pay check slavery.
- Simplified budget. As most of you know, I’m a fan of simplicity. The less time I have to spend paying bills twice a month the better. Without consumer debt payments, the number of creditors you need to pay seriously decreases. Prepare to have more money and time as a result of your debt elimination efforts. Double win!
- Time to pursue personal interests. When you spend all of your time and energy trying to make ends meet, there isn’t much left over for enjoying life. Without consumer debt payments to worry about, there is time to do the things you WANT to do rather than only the things you HAVE to do. Think reading, spending time with family and friends, long walks, traveling and creative pursuits.
- Sound sleep. You’ve heard it before, but eliminating the stress of consumer debt truly creates lowered anxiety levels and sounder sleep. No more sleepless nights wondering how your going to come up with the money to make a payment on that $3,000 riding lawn mower, wave runner, laptop or other no longer used, wanted or even owned possession.
- Perspective. Probably the most important benefit of consumer debt freedom is perspective. Breaking free from the mindless consumption and trap of advertising will likely be the most liberating experience of your life. Early in 2012, I’ll be sharing my ebook with you. If you’re ready to open your eyes to the truth behind marketing, advertising and consumption, you’ll want to read this illuminating guide.
What would you like to hear more about in regards to getting your consumer debts eliminated? What has been the most useful tool in helping you to reduce your consumer debts and break out of the work-spend-accumulate cycle?
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