So you have gained a bit of weight and want to take it off. As I am sure you are aware it is sometimes a bumpy ride.
It takes lots of hard work, discipline, and persistence to do it right.
When you are trying to lose weight it is easy to want to try short cuts. You may consider everything from pills, to extreme diets to “exercise” gizmos. Such as the jiggle your stomach to make you loose weight thing. (We all know someone was buying them!)
You end up gaining it all back, or worse you end up hurt because the product was unsafe.
Losing weight the right way means exercising, changing your diet, getting sleep and managing stress.
This leads to lasting healthy weight loss.
Eliminating debt after you have taken on extra debt is no different.
If you try short cuts to make it less painful, chances are it is not going work for the long run.
Like bad dieting you end up with the debt back and you feel even more deflated than before.
Not convinced it would be worth it to take the “hard” way to being debt free? Here are some benefits that come from doing it the right way.
(Check out my book on the correlation between health and money)
Convinced to not take the easy route?
Ready to figure out what the right plan is?
Like losing weight has a tried and true method, so does reducing your debt.
This formula is increase income, reduce expenses and pay extra on your debts.
Nothing fancy needed.
Decide that you are ready to make the changes necessary and do the work to pay off debt for good.
If you are not committed you will lack the patience that you need to stick to your plan. There will be issues that arise, so the more committed you are the more likely you are to succeed.
Follow through tip: Write down your commitment and sign it like you would a contract. Then post it where you see it everyday.
I know the dreaded “b” word. Unfortunately this is necessary for you to know where your money is going.
This is like counting calories. Not exactly fun but one of the only ways to know if you are eating too many calories.
It helps guide you to the real problems and then you can solve them.
Just keep in mind that a budget is not a restriction on you, but instead the tool to help you stick to your priorities.
I realize this might seem like a rather obvious unnecessary piece of advice. Unfortunately the reality is that it is all too easy to create a budget and plan to pay off debt and then end up not doing it.
So how do you stick with it?
As life changes your plan will have to adjust.
Take the time to update your budget and recommit yourself to the process and it will be easier to stay on task.
Life is not static, so your plan cannot be static. The plan needs to flow with life. This way you know you are following the right plan and it will help to keep you motivated to stay with it.
Finally you will reach a point when you lose all that extra debt. The journey will have been worth the struggle and you will feel better than you can imagine right now.
Looking for more help in getting your mindset right and eliminating debt?
Check out my debt elimination book to help you get started on the right plan!