Okay. It’s the start of the New Year! (Alright, if you celebrate the Chinese New Year, you have a couple of weeks…!)
If you celebrate the Western New Year, then I’m sure you’re off to a stellar start to unburying yourself from debt, right? Wait, NO?? Hold up, hold up!
If you are totally buried in debt, you’ve GOT to get out of debt fast, then start building wealth! Cut back on expenses, get rid of your credit card debt by leaving the card at home and removing it from online shopping sites, watch what you spend and put some of those savings towards reducing debt!
Remember to call your credit card companies to ask for a rate reduction so the interest doesn’t kill you!
Alright, whew. Now that we’ve got THAT outta the way. Building wealth. First, you want to learn from the best. I have and still look all over for the best resources I can find. Tips from Warren Buffet, Robert Kiyosaki, Donald Trump, Suzy Orman, and other less widely known millionaires such as Ali Brown, Mike Dillard, Matt Bacak, etc., etc., etc. Read, read, read! Participate in webinars, teleseminars, watch online videos! Then apply, apply, apply the debt busting wealth building strategies you learn!
Building wealth first starts with getting outta debt, bad debt. Credit card debt that never seems to reduce, unnecessary expenses like 500 channels on cable, 15 phone features you mostly don’t use, unlimited text and mobile phone minutes, the list goes on and on. Reduce the debt, then build wealth.
Next, start EARNING more! If you need to, get a 2nd job, or use your natural talents to earn money; sell your photography pictures, give guitar lessons, help small business owners with their bookkeeping, get your friends’ homes organized! Then use that money to earn and spend less (pay off debt)! Be Passive!! Earn passive income! Whether you earn it from Internet Marketing (so many ways to do this, affiliate marketing, network marketing, or another way to produce big results on a small budget, get out there, learn, then take action!
If you take anything away from this article, it is to TAKE ACTION. Take the necessary steps to make changes for the better! Best wishes!!
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