Catchy Title eh?
I bet most of you are thinking you will see some colorful pie charts, fancy bar graphs, motivating line graphs, or sexy spreadsheets analyzing down to the tiniest detail my 2014 debt repayment plan.
I hope I don’t disappoint too many of you (although longtime GMD readers will know that charts, graphs, pies, cakes, spreadsheets, blah blah aren’t really my style) but in this post I will reveal in full detail my plan to get out of debt.
My plan is so simple that anyone can do it as well. It’s also so effective that chances of failing are slim to none. What’s the secret behind a simple and effective debt repayment plan that never fails? *drum roll please*
JUST DO THE BEST YOU CAN…(and make more money!)
Doing the best you can means giving 110% effort. All the time. No excuses. It’s not a race, so run at your own pace until you cross the debt-free finish line.
It won’t be easy. There will be roadblocks that will set you back and disappointments that will make you feel like giving up but you just don’t.
You pick yourself up, write a blog post about it, and move on.
I’ve always been a debt blogger who leans more to the side of making more money rather than living in extreme frugality to pay off debt faster but I think a mixture of the two works best.
Side hustling will mean sacrificing some of your valuable free time so try to pick something that you enjoy. Are you a dog person? Try dog-walking. Math Nerd? Tutoring pays well.
I am fortunate enough that my hard work with Girl Meets Debt has given me the opportunity to monetize it a bit and in turn accelerate my debt repayments. Remember how I paid off over $18,000 in 2013? That could have been possible without the blog, but in having the blog, I was still able to live my life the way I wanted, minus a few dinners out, and still buying the occasional pretty little things.
What does debt freedom feel like? I have no clue, but I imagine not having to worry about money to being the closest thing to financial paradise.
I thought I would end this post with some of my favorite “just do the best you can” type quotes to help you feel inspired and motivated about paying off debt this new year.
If you try to do your best, there is no failure – Mike Farrell
Never give up on something that you can’t go a day without thinking about. - Unknown
My philosophy is that not only are you responsible for your life, but doing the best at this moment puts you in the best place for the next moment. - Oprah Winfrey
Doing your best means never stop trying. – Benjamin Franklin
Your debt isn’t going anywhere. Do your best to pay it off now. Your future self will thank you. – GMD