Debt Freedom Plan

I have 8 simple steps to debt freedom. If you follow these steps you can get out of debt in 5-7 years! Without debt consolidation.

While this may sound too good to be true, it is fairly simple.
Because of the amount of debt creditors will loan you, or your debt to income ratio, most, if not all Americans can achieve their debt free plans fairly quickly.

My 8 step plan includes more than just getting out of debt. We will discuss why debt is evil! We will talk about the myth

“Credit will give you a better lifestyle.” Then choosing which debts to pay off first, how to find extra money in your budget to pay toward debt.
Finally once you have achieved debt freedom we will discuss taking that same money you were putting toward paying off debt, to work for you!

These Steps to Debt Freedom Are:

A silhouette of someone happy because they are debt free

  • Recognize that you have a problem. Hopefully you are in this step already, that’s why you are here. I will tell you in detail why debt is so bad. Your debt costs you too much money. Debt is Addictive! I will talk about the start of a different mindset when it comes to debt & money.

  • Stop going into more debt. Cut up those cards! This is your first test. It seems hard. Debt freedom has to start right here. The definition of insanity is doing the same thing over and over again, expecting different results. You cannot continue charging all your needs and wants on credit cards and expect to be miraculously saved from debt.

  • Track your spending. You may not see where you are going to come up with the extra money to put toward debt, I am going to show you. You need to use your money wisely. I bet you are not aware how much you spend on going out to eat, getting the latte every morning, or stress trips to the mall. It is time to shine the lights on this area of your financially life that you cannot ignore.

  • Plug the Money Holes. Now that you know where your money goes, lets make some improvements. My tips are not just fun ways to save a little money. They are ways to live a whole new lifestyle, a debt free lifestyle!

  • Pay Down Debt. Debt freedom begins with new thinking. This is a war that is waged in your mind. Your self worth cannot be associated with the lifestyle you live. It is time to stop comparing yourself to your neighbor, because if you do, you will end up just like them and 96% of Americans who retire and die in poverty, reliant upon the government or family.

  • Pay off High Interest Loans First. After you have listed all your debts and found your extra money start paying to toward the debt with the highest interest. Most of the time this is your credit card. Keep paying the minimum payments on everything else, but take that $300 (or whatever your amount is) and pay it, in addition to your minimum payment to your first debt.

  • Roll-Up Payment Amount. After you get that first credit card or student loan paid off. Congratulate yourself! Celebrate! Then the next month take that $300 plus your $50 that you were paying to your lowest debt and add it to your minimum payment to your next debt. So maybe $475 will be going to a car payment. Then follow this system till all debts are paid off!

  • Invest. You did it! You have achieved debt freedom! Now you have an extra $1300 per month (as an example) that was going to debt. Now take that money and invest it in various ways to reach your goals. Like my trip to Europe, or a cruise, or a motorcycle. Those things are now possible without debt. Save and invest that money and soon you can do whatever you want.

  • Retire Early. Because your cost of living has been greatly reduced and you are investing money early retirement is very possible if you want it, or maybe a higher standard of living upon retirement. Think about your goals and dreams and then reach out and grab them! Enjoy Debt Freedom Forever!


"A man in debt is so far a slave,"
Ralph Waldo Emerson.


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  • The Richest Man in Babylon
  • 6 Thinking Hats
  • How to Win friends and Influence People

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