Ways to be debt free: Keeping your goals

 source: http://creditrepairtipsandadvice.com

I guess this is the last step in achieving debt-free status(or should I say this is the unending step) that you and I has to do. Let us recap the steps:

1. Accepting that you  are buried in debt

2. Make an inventory of what you have

3. Discipline

4. Setting Goals

If you think the rich has no problem keeping their goals because they have a lot of money your wrong. People who are truly rich(as differentiated who are just rich) struggle the same way simple person like you and me  in keeping one's goal. 

But there is a difference.

Persons who are struggling to keep their goals who are buried in debt worry asking themselves where in the world where will they get money to solve their debt problem. 

 source: http://www.learnvest.com

Truly rich people on the other hand worry how are they going to generate money from their money to pay off current spending.

 source: http://mamacanon.blogspot.com

If you have read Robert Kiyosaki or Bob Procter this is what they call "the role of money" in one's life.

For people buried in debt or financially illiterate, they work for money. Day in day out even though they have earned billions or even trillions but they are still buried in debt so they keep working for money thus they become slave of money.

 source: http://i38.tinypic.com

What should we be doing then? We must make money work for ourselves by becoming the master of money. 

You might blurt out the Bible says "Love for money is the root of all evils" and I agree with you so you ask why then you want me to be the master of money?

Here is one truth: Money is neither good nor evil, its the person using it that is good or evil.

So let us make things straight, whether you are rich or buried in debt we face the same struggle in keeping our goals. If you are debt free your goal is to get out of debt. When you do get out of debt and become rich never ever stop keeping your goal to be debt free. Continue that goal and whatever extra you have save it and make it work for you. 

 

When you finally become rich my friend please do me a favor. As the master of money use it wisely. 

There is another truth I have learned and I want to share it to you: The best way to enjoy blessings is to share it. 

When you are at the giving end it feels so good and it creates that "ABUNDANCE MENTALITY" thus you struggle more not to get out of debt(because you are not anymore) but to make money work for you so that you can give more.

Ways to be debt free: Setting goals

Its a new year and most of us have written their new years resolution which I believe you gave up on following on Jan 3, just kidding.

source: http://www.diabetesmine.com/

Many of us can't and won't be free from debt because in the first place it was never our goal to be free from debt. That is a very absurd thinking you may say but  it is actually happening. 

 source: http://blogs.ktk985.com

So in order to not to fall to deeper manholes of debt set your goals. Put a deadline(I know nobody wants a deadline) and follow it to the letter.

 source: http://blog.madd0.com/

 It doesn't have to be a giant step goal. As Confucius said "A journey of a thousand miles begins with a single step." Take it one step at a time.

The questions one has to answer are these:
1. When and how often to save?

Save in a week, in a month, or in every two weeks. 

2. Save how much?


20 pesos, 50 pesos, 100 pesos.


3. How to save.


Stop buying gourmet coffee on the way to work, cutting the cable, selling old stuff, starting a small business on the side, continuously setting aside money for a loan already paid, and so much more

Many of us really don't save. Saving doesn't have to be a one time big thing like saving your entire paycheck for this month in order for you to buy that latest phone next month.

source: http://www.chowking.com/home

 

Save little by little.  If you buy a Chowking breakfast meal with a halo halo the next time only buy the breakfast meal. And after buying only the breakfast meal for two weeks eat at home before going to work. 

source: http://www.telegraph.co.uk

Or if you smoke a pack of cigarette a day only smoke half the next day and the other day smoke 1/4 of a pack and on the other 1/8 of the pack until you only smoke one stick a day and probably with God's grace totally quit smoking in 6 months.

Saving abruptly just gives you a withdrawal syndrome so do it little by little until your body adjust and accepts the new lifestyle.

source: http://www.moneytomoney.org/

P.S. I have conceptualize some book project regarding savings. I will share it as soon as I start the very first pages of that book. And like I have said I am also doing it one small step at a time. I hope to see you downloading it once it is out... promise its free :)

Ways to be debt free: Setting goals

Its a new year and most of us have written their new years resolution which I believe you gave up on following on Jan 3, just kidding.

source: http://www.diabetesmine.com/

Many of us can't and won't be free from debt because in the first place it was never our goal to be free from debt. That is a very absurd thinking you may say but  it is actually happening. 

 source: http://blogs.ktk985.com

So in order to not to fall to deeper manholes of debt set your goals. Put a deadline(I know nobody wants a deadline) and follow it to the letter.

 source: http://blog.madd0.com/

 It doesn't have to be a giant step goal. As Confucius said "A journey of a thousand miles begins with a single step." Take it one step at a time.

The questions one has to answer are these:
1. When and how often to save?

Save in a week, in a month, or in every two weeks. 

2. Save how much?


20 pesos, 50 pesos, 100 pesos.


3. How to save.


Stop buying gourmet coffee on the way to work, cutting the cable, selling old stuff, starting a small business on the side, continuously setting aside money for a loan already paid, and so much more

Many of us really don't save. Saving doesn't have to be a one time big thing like saving your entire paycheck for this month in order for you to buy that latest phone next month.

source: http://www.chowking.com/home

 

Save little by little.  If you buy a Chowking breakfast meal with a halo halo the next time only buy the breakfast meal. And after buying only the breakfast meal for two weeks eat at home before going to work. 

source: http://www.telegraph.co.uk

Or if you smoke a pack of cigarette a day only smoke half the next day and the other day smoke 1/4 of a pack and on the other 1/8 of the pack until you only smoke one stick a day and probably with God's grace totally quit smoking in 6 months.

Saving abruptly just gives you a withdrawal syndrome so do it little by little until your body adjust and accepts the new lifestyle.

source: http://www.moneytomoney.org/

P.S. I have conceptualize some book project regarding savings. I will share it as soon as I start the very first pages of that book. And like I have said I am also doing it one small step at a time. I hope to see you downloading it once it is out... promise its free :)