10 Top Tips – How to Pay off Your Debt in 2017

So, January has gone, Christmas is but a distant memory, and its time to review your budget now that all the credit card bills are in and you know what you have to tackle! You’re sitting down to make your monthly budget and wallop! there it is like a big old punch from Mike Tyson as it hits you right between the eyes!

Yep, that big, nasty, self-inflicted thing hanging around your neck called debt. You know, the thing that unashamedly sucks money from your bank account each and every month whether you like it or not. It uses up a significant percentage of your monthly take home pay which should instead be used to provide build wealth and provide financial security.

Have you ever imagined what your budget would actually look like if you had no debt? If you weren’t making all those monthly payments how much would you be able to save and spend, and how amazing it would feel to be able to keep all your money each month?

Some people think it sounds too good to be true, but that’s because they are completely conditioned to think that having debt payments every month is ‘normal’. Well, it’s not normal, far from it in fact, because it’s destroying your opportunity to live a debt-free life and be the best that you can for yourself and your family.

That said, there are thousands of people paying off their debts, taking back control of their money, and getting intentional with all their money decisions. And you going to become one of them?

To help you along a little bit further, I’ve put together a short 10-point list of my top tips for dealing with and paying off your debt, so here they are:

  1. Cut up your credit cards – I dare you! Send me a video of you cutting up your first unexpired credit card, with your face visible and I’ll give you a 30-minute free coaching session!
  2. Save up £1,000 ($€ etc.) as you basic Emergency Fund.
  3. Get serious about your future and set goals.
  4. Be focused on the payment plan and have patience.
  5. Visualise your progress and imagine how it will feel to be debt-free.
  6. Be nothing less than intentional with your time and money.
  7. Always make sure your family comes first.
  8. Learn from your mistakes and never repeat them.
  9. Review your progress regularly.
  10. Never, ever give up……..

In my next post i’ll be sharing some proven, successful ways you can pay off your debt quickly!

And always remember…….

If you are broke, only buy what you can afford until you are not broke, otherwise you’ll remain broke.

Your Money. Your Future. Your Choice.

Until next time….