Tuesday, September 2, 2008

Raising Your Income to Become Debt Free

During the radio show this past weekend we talked about getting out of debt. Do you REALLY want to be debt free? Do you REALLY want to accomplish your long-term goals, build wealth, and become a better giver? What holds you back?

We have clients that leave our offices and immediately brainstorm what they can pull together for a yard sale by the next weekend. Some clients are out doing side work painting houses and fixing air conditioning. Others are delivering pizzas or sorting boxes for UPS and FedEx.

There are only two ways to make your monthly budget balance: increase your income, or decrease your outgo (expenses). Debt payments raise monthly expenses, so increasing income is the best way to speed up the debt snowball process.

So...do you REALLY want to be debt free? Life has plenty to offer, from fulfilling careers to making a difference in the lives of those around you by freely giving. Don't let income be an excuse that prevents you from finding your path to financial freedom.

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