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    Debt Free Blueprint Learn Strategies To Get Out Of Debt Fast, Pay Off Mortgages, Credit Card And Money Management Skills
    Debt Free Blueprint Learn Strategies To Get Out Of Debt Fast, Pay Off Mortgages, Credit Card And Money Management Skills
    Debt Free Blueprint Learn Strategies To Get Out Of Debt Fast, Pay Off Mortgages, Credit Card And Money Management Skills
    Ebook97 pages1 hour

    Debt Free Blueprint Learn Strategies To Get Out Of Debt Fast, Pay Off Mortgages, Credit Card And Money Management Skills

    By Jake Robbins

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    About this ebook

    Have you found yourself in this position before? You work hard; you think that you are doing right by your money, yet there never seems to be enough? Does your money just up and leave you? Take it from me. I truly understand what it means to look at your bank account and have that sinking feeling in the pit of your stomach. You may be looking at my credentials thinking, "what does this guy know about the pain of watching your hard-earned money flow right out of your pockets?" I can assure you that I have been in your shoes.

     

    You're no longer a slave to bad debt.  Student loans, your mortgage, car loans, and credit card debt are all in the past.  Creditors aren't bothering you.  You finally have enough cash to pay for necessities every month, and can afford some fun stuff too.  You can give money to causes that are important to you, and help out your loved ones when they need you.  Your net worth is growing, and your sense of financial security gets better every day.  You simply don't have to worry about money anymore.

     

    Well guess what? All of that can be your reality.  You have the power to make that happen.

     

    And here's the thing.  It isn't as hard to accomplish as you may think. 

     

    It begins here, with one simple thing that will completely transform your finances, now and forever. 

    You get rid of your debts, transform your finances, and use the money that's been freed up to build your wealth.

     

    You're about to see simple ways to get rid of the bad debts that are ruining your cash flow.

    LanguageEnglish
    PublisherJake Robbins
    Release dateJun 9, 2021
    ISBN9798201021870
    Debt Free Blueprint Learn Strategies To Get Out Of Debt Fast, Pay Off Mortgages, Credit Card And Money Management Skills

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      Book preview

      Debt Free Blueprint Learn Strategies To Get Out Of Debt Fast, Pay Off Mortgages, Credit Card And Money Management Skills - Jake Robbins

      © Copyright 2021 Jake Robbins- All rights reserved.

      In no way is it legal to reproduce, duplicate, or transmit any part of this document in either electronic means or in printed format. Recording of this publication is strictly prohibited and any storage of this document is not allowed unless with written permission from the publisher. All rights reserved.

      The information provided herein is stated to be truthful and consistent, in that any liability, in terms of inattention or otherwise, by any usage or abuse of any policies, processes, or directions contained within is the solitary and utter responsibility of the recipient reader. Under no circumstances will any legal re- sponsibility or blame be held against the publisher for any reparation, damages, or monetary loss due to the information herein, either directly or indirectly.

      Respective authors own all copyrights not held by the publisher.

      Legal Notice:

      This book is copyright protected. This is only for personal use. You cannot amend, distribute, sell, use, quote or paraphrase any part or the content within this book without the consent of the author or copyright owner. Legal action will be pursued if this is breached.

      Disclaimer Notice:

      Please note the information contained within this document is for educational and entertainment purposes only. Every attempt has been made to provide accurate, up to date and reliable complete information. No warranties of any kind are expressed or implied. Readers acknowledge that the author is not engaging in the rendering of legal, financial, medical or professional advice.

      By reading this document, the reader agrees that under no circumstances are we responsible for any loss- es, direct or indirect, which are incurred as a result of the use of information contained within this docu- ment, including, but not limited to, —errors, omissions, or inaccuracies.

      Introduction

      Having huge amount of debt can wreak havoc in your life. It can cause so much stress and it can lead to many problems. It can cause various emotional problems like depression, shame, anxiety, and anger. 

      Having too much debt can also lead to regret, anger, and frustration. It can ruin relationships and it can ruin your life. It can lead to eviction, bankruptcy, foreclosure, and even suicidal tendencies.

      If you have too much debt, it is time to get out of it and reclaim the power that you have over your life. This book contains steps and strategies that will help you get out of debt. This book will help you identify the warning signs that are in debt trouble. Also, this book contains various steps and strategies that will help you get out of debt.

      Getting out of debt is something that can seem like a daunting task.  It is never an easy task and without the discipline it is almost impossible.  The only way for people to get out of debt, is they have to first change the habits that had put them there in the first place.  Debt isn't something that somebody forced upon you, whether it is college debt or credit card debt it doesn't matter. 

      Set Your Goals

      Paying off debt is a goal in itself, so why do we have to think about goal setting any further?

      Because goal-setting is a powerful psychological tool. Making steps to reach goals triggers our brains to release dopamine, the neurotransmitter that causes us to feel happy and satisfied. Having more goals that can be achieved at regular intervals produces a chemical chain reaction that helps you pay off debt faster.

      And the goals you can set on the path to debt freedom are virtually endless. You’ll have spending limits to target, earning goals, payment goals, lifestyle challenges to overcome, and even relationship goals. When you break down these processes and make goals around them, you’ll find you reach the big goal faster.

      To get my spending under control, I would try to fast from spending on certain things for weeks at a time. Every day I got closer to meeting my goal, I had more motivation to keep going. There were times every day that I wanted to give up,  but with every day those moments got shorter and shorter. And by the end, I was so proud of myself I couldn’t wait to take on the next challenge.

      While there’s no shortage of goals you can set, only focus on one or two at a time. Multitasking makes you less efficient. In Gary Keller’s book, The One Thing, he proposes that by focusing on one thing at a time we actually get more done at a faster rate than when we’re trying to juggle multiple goals.

      Look at your problem areas, timeline, debts, etc. and write down the goals you want to accomplish that will help you pay off your debt faster and choose one or two to start with.

      You can do this on the Day 3 worksheet in the free workbook that accompanies this book. Find it at modernfrugality.com/debtfreeworkbook.

      The Psychology of Goals

      After your brainstorm, work on refining those goals. Because there are ways you can think about and write your goals to help you achieve them. Here are some things to consider:

      Setting goals causes a shift in your identity. When you set a goal, your brain starts to associate your identity with the desired outcome. Say you set a goal to stop going to the mall every weekend. Your brain thinks you shouldn’t be at the mall and will produce constant tension between reality and the goal. That tension will internally motivate you to do something else on the weekend. And if you do go to the mall, it won’t bring you as much enjoyment as it used to.

      If your goal is to spend better, start acting and making decisions like someone who makes good spending decisions. Your brain will support the change.

      Shorter is better. With every achievement on the path to meeting your goal, your body releases sweet, sweet dopamine into your brain. And you now know that the more hits of dopamine your brain gets, the easier it’ll be to stay focused and motivated.

      Well, missing a goal has an equal, opposite reaction. The dopamine gets cut off and you’ll feel like giving up. So make every effort to avoid that cutoff by breaking your ultimate debt payoff goal into smaller ones.

      No goal is too small. Start by making a payment that’s more than the minimum balance due, or transferring your emergency fund to an account that’s harder to spend. Whatever it is, make the first few goals ridiculously easy so you can get that dopamine train running.

      Setting goals fosters resourcefulness. The deadlines, numbers, and parameters associated with goals foster the ability to find quick and clever ways to overcome difficulties. Resourcefulness will force you to redefine what’s possible and show you how much more you’re capable of doing than you once thought.

      People can get very creative when trying to reach their goals, so don’t let difficulties derail you. Use them to learn and think outside the box.

      Goal-Setting Methods

      Goal-setting researchers Gary Latham and Edwin Locke evaluated dozens of their own studies along with those of other scientists to see what kind of goals people followed through on the most. They found that the best goals are those that are specific and difficult, but not outrageously tough.

      In order to ensure your goals are as effective as possible, there are several methods you can use to formulate them.

      The SMART criteria is the most well-known. It helps you focus on the achievability of your

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