Getting rid of debt can be easy if you put your heart into it.  As long as you have the money, it’s easy, right?  Well, this isn’t always the case, but let me show you some success stories on how some people have paid their debts off within months, or even years.   I’m not talking about your $2,000 debts, I’m talking about $50,000 and more.

Live on a 1/3 of your salary

It sounds like a low number, but if you’re not living on at least 30% of your salary, you’re not trying hard enough.  If this means selling a car, moving, or getting rid of some luxuries like your iPhone, etc., you’re going to have to budget so that you can throw at least 60% of your money coming in at debts.   This can add up fairly fast if you do it right.

Have motivation to do something

Many people dream of getting out of debt.  If you don’t have the motivation to become debt free, it’s not going to happen.  Do you have a family?  Do you want to take a vacation in the future?  Do you want to live a stress free life?  I could go on and on, but you want to work toward a goal.  Nothing feels better than reaching a goal in life, when it comes to your debts.

Money = paying off debts

It sounds silly, but you need to find ways to make more money.  Whether you have a garage sale, sell things on EBay, deliver pizzas, or whatever you may do, the extra few hundred dollars a month will help you out a lot!  It may not sound like it, but it truly can.  If you’re not making money, you’re not going to pay off your debts, it’s that simple.

Give up the luxuries now!

I already expressed this earlier in a point, but many of you don’t understand this when it comes to debt.  When you’re in the red, you can’t go out there and buy everything under the sun.  Your focus needs to be on debt.  This means get rid of things like gym memberships, cable TV, your fancy car, etc.  When you get rid of these things, make that your goal in order to get them back.  Once you pay off your debts, you can always resubscribe to all of these things.

When attacking your debt, and even looking at debt success stories, you’re going to find that many people follow these tips above.  Try your hardest, pay off your bills, and live below your means.  If you can accomplish this, you can kiss that debt goodbye!