I was recently asked by a friend why I speak about debt and budgets. My simple reply “I want to help others.” We were discussing my first upcoming speaking event for 2017, and they wanted to understand a bit more about my motivation behind my public speaking about our battle with $109,000 worth of consumer debt.
It’s simple, my family now understands the before and after effects of paying off debt and I want everyone else to know too. We lived for many years with debt hanging over our heads. We know if causes stress, fear, and fights. Now having been debt free for over two years, and survived a job loss because of it we understand the benefits of living without debt.
I don’t mind speaking about our failures because I know others can relate. I’m sure there ae many others out there that are struggling with similar issues we did, and by sharing I hopeful it can help spark their turnaround.
At my speaking events, I handout a one page cheat sheet with a list of book, podcast, and websites. I also include these bullet points for getting out of debt:
- Realize you need help
- Define a “Why”
- Build a plan (budget)
- Communicate and agree upon plan (Budget)
- Stop building new debt
- Place expenses into “wants” verse “needs” buckets
- Build an emergency fund (cash savings)
- Pick Debt payoff method/Track progress / stay motivated
- Build wealth