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How to Get out of Debt Now

“How do I get out of debt?”-  That’s the logical question you end up asking yourself when you discover that you’ve gotten in over your head financially and you finally decide you want to become debt free.  This is the first post in an 8 part series that shows you step by step how to get out of debt and get yourself on the road to a better life of financial prosperity.  Enjoy!!!


How Do You Get Out of Debt?

How Do You Get Out of Debt?

You can’t just decide you want to get out of debt and BOOM! It’s done.  That’s where Celebrating Financial Freedom comes in.  This series of posts will show you every single step it takes to get out of debt and start living a debt free lifestyle for the rest of your life.

Most anyone who is in debt, at one time or another, has decided that they need to get out of debt for good.  So they haphazardly begin paying off debt without a concrete plan in place as to how to do it.

This rarely works.

Why? Because there is no roadmap to go by.  Eventually you lose your way because you never totally quit using the credit cards and have no plan when a financial emergency comes up.

Flying by the seat of your pants just doesn’t work.  It’s way too easy to revert back to old habits after a few weeks or months, making little to no real progress financially.


What You Have to do First

In this series I’ll show you the 5 steps you need to take that will ensure that you succeed financially for the rest of your life.

I can hear you now, “Tell me Doc, what are the 5 steps?  I want to know so I can get started now!”  To that I say “Hold on there, cowgirl, not too fast.”  getting out of debt is not something you just capriciously decide you want to do and then just jump into without a plan.

Before you start the process there are a few things you absolutely must do.

First, subscribe to Celebrating Financial Freedom.  Yeah I know that’s self serving, but you really will learn a lot of great information about living without the bondage of debt if you just sign up and read the emails every time you get one.  It really is worth the effort.

Next, you absolutely, positively have to decide that you want to get out of debt no matter what, and that once you’re done with it you’ll never go back.  If you’re wishy-washy about it at all, then you may not be dedicated enough see it through.  You have to be mad enough at the debt to kill your debt for good.

Then you have to take one scary step that most people fail to take when getting out of debt.  It’s one of the most logical steps in getting started, yet most people never consider doing it.  If they do, it strikes fear in their hearts because it’s so counterintuitive to what we’re all taught.

“What is it” you ask?

That thing that you must do is go naked.

Stop right there.  No, I don’t mean you should strip down and go running through the streets yelling “Woohoo!  I’m getting out of debt!”

I don’t mean that at all.

If you do, then leave my name out of it when they come to take you away.

What I mean by “going naked” is that you get rid of your credit cards and don’t take on any new debt, period.

I’m not saying you should stop using them until your financial situation improves or keep one in the sock drawer in case of an emergency.  I mean cut up ALL of your credit cards and go all in by totally swearing off of using credit, no matter what, even in an emergency.

That’s what I mean by going naked.


Going Naked Makes You Feel Vulnerable

Going naked and taking a stroll around the neighborhood can make you feel uncomfortable and vulnerable.  Going naked with credit can feel the same way.


Because we’ve been conditioned to think that we need it.  We’ve been told that if we don’t have credit available to us that we could end up in financial disaster.  But the total opposite is true.  When you cut up the credit cards and decide you’re done and you’ll never go back, you actually become more free financially than you’ve ever been.

Once you get the debt paid off you won’t have to ever spend extra money in the form of interest and fees that suck you down the drain financially, giving you a swirlie in the high school bathroom of life.

But when you decide you’re finally done with debt and you decide to cut up the demon plastic, what do you do then?

Well, then you proceed to step one of your customized get out of debt master plan.  Stay tuned and I’ll cover that in the next post.

Until then, answer just one question for me.

Have you ever decided it was time to get out of debt but never fully followed through?  What held you back?

Ok, that was two questions.  So shoot me.  Just leave an answer in the comments, lets start a conversation.

Click this link to read the rest of the articles in the series


Goin’ Commando

You Know What You Should Be Doing, What’s Holding You Back?


7 Huge Credit Card Lies We Tell Ourselves


Ready to Get Serious About Getting Out of Debt?

Celebrating Financial Freedom Online Get Out of Debt CourseIf you’re seriously considering changing your financial life by getting out of debt, then you have to check out my free mini-course that will get you started on the right track.  It’s a shorter email version of my popular online get out of debt course.

In this 6 day mini-course, I’ll reveal the steps that my wife Angie and I took to get out of debt, and even eliminate our money fights for good!  Best of all, it’s absolutely free!

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