I hope you opened this article simply because you decided that I’ve had some type of mental breakdown. The truth is you can’t pay off debt using the method in the title.
I was driving around in my car the other day and there was an advertisement for a weight loss pill or drink mix. The ad promised that you could lose weight without exercising and without eating less.
There should be some way to make such a promise illegal. What was most upsetting to me about the ad is that I know the company is running those ads because people are actually buying the product.
We’re Fools for the Easy Way Out
There are rare bottom dwellers who create certain fantasy worlds and try to capitalize on our struggles.
People do it with debt too.
They tell us we can get out of debt without working more. We can get out of debt without changing our habits. We can get out of debt without spending less.
That is a lie.
Here’s a simple math equation. (I hope it’s honest and not discouraging)
How long did it took you to get into debt x 3 = how long (or more) it will take you to get out of debt.
It is indeed possible to get out of debt.
There is a way to live debt free, but it does require changes.
There’s not a gimmick that will get you out of debt. There is not a fad that will help. There is truth and there is effort.
For some of you, it will be possible to get out of debt by focusing on earning more. For some, you will be able to get out of debt by spending less. For some of you, you’ll need to do both.
Either way, something must change.
A book won’t solve the debt problem. A blog won’t solve your debt problem.
You’ll solve your debt problem when you change the habits that led you into debt and when you change the habits that are keeping you in debt.
Insanity is doing the same thing over and over again, yet expecting different results.
There are a lot of insane people walking around this planet.
Just don’t be one of them.
Decide to change. If you see an easy road out of debt, it will probably just lead you in a big circle and bring you back to where you started.