Debt Busters

Good morning!

Did you know, approximately half of all Americans die broke?
The saddest part is, they did it to themselves.

But not you, not NOW.
Let me show you how to be a total debt buster… (listen to the audio below).

Action for today:

So here’s a quick plan to break your debt shackles:

1) Go through every single expenditure you have and eliminate or slash everything as deep as possible.
Get your monthly expense overhead as low as it can be short of you having to live under a bridge and eat Top Ramen for three meals a day.

2) Carve out 10% of every dollar you earn and invest it back in yourself.
To get out of debt, you have to grow out of debt. 
To make sure this tip is executed I have found it is best to automate it—divert it BEFORE you even see it.

I have my account set up to take 10% of my monthly income and auto-deposit it into my personal development account. I don’t have to think about it, make a choice to or not to do it and I never see that money in my regular banking accounts.

I suggest setting up such a system for yourself. Money can burn a hole in your pockets (and your bank account), so be sure to pay yourself first. The best way to do that is to do it without thinking about it.

3) Increase your income… sounds obvious, but wait for it… WITHOUT increasing your lifestyle in equal proportion.

THIS is why many people who even make a significant income STILL do not become wealthy.
No matter how much money they make, their lifestyle (meaning expenditures) grows in equal proportion (sometimes even more) to their increased income.

Of course, I suggest starting your own business or getting into sales.
Something that rewards performance.
If you produce more you’ll earn more.
Thus when you do #2 it will help you do #3 while maintaining #1 and accelerate your financial freedom plan… BAM!

Share your debt busting plan of attack in the comments below!

Your Daily Mentor,
-Darren

P.S. Help be an ambassador of success!
Forward this post to your like-minded achiever friends, family, co-workers, and team so that they too can break the shackles! And suggest they subscribe to DarrenDaily themselves (www.DarrenDaily.com) so that they don’t miss out on our morning mentor chats!