{"id":1821,"date":"2018-05-04T03:00:14","date_gmt":"2018-05-04T08:00:14","guid":{"rendered":"http:\/\/kerryaclark.com\/?p=1821"},"modified":"2018-06-15T06:35:18","modified_gmt":"2018-06-15T11:35:18","slug":"live-with-or-without-debt","status":"publish","type":"post","link":"https:\/\/www.kerryaclark.com\/blog\/live-with-or-without-debt\/","title":{"rendered":"Choosing to Live With or Without Debt"},"content":{"rendered":"

Dealing With Debt – Part 2<\/span><\/h2>\n

How do I make a plan for my debt?<\/span><\/p>\n

We will need to look at making a plan for your debt from two angles: living with debt and living without debt. \u00a0Remember you\u2019ve made one of these two choices already. You are either going to make a plan that leads you to live a life free of all debts or you\u2019ve chosen a life of debt and you need a plan to help manage this choice. \u00a0What you do is all on you because \u201cyour life is your business.\u201d<\/span><\/p>\n

\"\"<\/p>\n

What should you do if you currently have debts? \u00a0You need to create a plan. This plan begins with the decision you made of whether to live with it or not. \u00a0This decision will give you the relief to move forward. Indecisiveness places us at a stand-still. I\u2019ve not only seen but experienced the effects of handling debt poorly. \u00a0It\u2019s caused me to lose a few things like homes and even sued in court. To avoid this happening to you, put a plan in place on how to handle your debts. Determine your limits and how much at any given time you and your family can comfortably handle. \u00a0Have a plan to avoid getting in over your head.<\/span><\/p>\n

Choosing to live with debt?<\/strong><\/p>\n

Maybe you don\u2019t have any yet, but are planning on it in the near future. \u00a0You need to be smart about it. Study it and don\u2019t allow a seller to talk you into it. \u00a0I recall my 1st home purchase, my real-estate agent wanted to use every penny I was earning on the largest mortgage I could (not afford) be approved.<\/span><\/p>\n

Planning means you\u2019ve looked at the positives and the negatives and have a plan in place for the worst case scenarios, like loss of income. \u00a0It\u2019s your life, your business you should have the final say and not be pressured into making any decisions, especially those that could cause your own pain and suffering.<\/span><\/p>\n

In planning to live with debt, maybe you have decided to only have one type of debt. Maybe you\u2019re just not ready to cut the cord on having debts and what you have needs to be better managed. \u00a0No matter what the scenario, don\u2019t be embarrassed or ashamed to define it, discuss it, and write down the obstacles that it brings. Your next step is simply to eliminate those obstacles. You\u2019re now on your way to having a more satisfying, stress-free life.<\/span><\/p>\n

Choosing to live free of debt?<\/strong><\/p>\n

Living without debt can be a very challenging goal. \u00a0For those who already have it, it can take years to eliminate. \u00a0It took years to acquire and it takes time to remove. Therefore, you need a plan, a map, a guide you can follow to get rid of it. \u00a0Without a plan, it\u2019s darn near impossible.<\/span><\/p>\n

I\u2019m not going to provide a 7 step approach to living debt-free. \u00a0Everyone\u2019s journey is unique, but what I am going to give you is one tip that will have the most impact. \u00a0Ready for it? Start surrounding yourself with people who are either debt-free or aggressively pursuing it. \u00a0Setting the right environment is the key. Changing your environment changes you. When you change what\u2019s within, what\u2019s without will soon follow. \u00a0Your thinking changes, your speech changes and your actions change.<\/span><\/p>\n

If you don\u2019t know where to start with making your plan, start by writing this statement. \u00a0\u201cI\u2019ve decided to become free of all debts. What\u2019s one step I can take next?\u201d Next, list them all in one place so that you can review regularly, like your <\/span>family plan<\/span><\/a>. \u00a0Then begin to make the steps to reduce at least one.<\/span><\/p>\n

Today is Friday!<\/span>
\n<\/span>We\u2019ve discussed the two types of debt plans available. \u00a0You can either plan to live with debt or you can plan to live without debt, but you can\u2019t have it both ways. \u00a0Make a decision because without a decision, you\u2019ll never reach a goal. Your life is your business!<\/span><\/p>\n

The Family Plan Binder<\/a>\"\"<\/a> is available now!

<\/p>\nOur team has worked very hard putting it together. We designed it to help you and your family move the needle forward in making your life your business. \nFind out more about the Family plan here.<\/a><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

Dealing With Debt – Part 2 How do I make a plan for my debt? We will need to look at making a plan for your debt from two angles: living with debt and living without debt. \u00a0Remember you\u2019ve made one of these two choices already. You are either going to make a plan that […]<\/p>\n","protected":false},"author":2,"featured_media":1822,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22,56],"tags":[],"class_list":{"0":"post-1821","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-accounting","8":"category-taming-debt","9":"entry"},"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.kerryaclark.com\/blog\/wp-content\/uploads\/2018\/05\/20180504-TIF-Blog-Dealing-With-Debt-Part-2-1.png?fit=760%2C360&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4jb7V-tn","_links":{"self":[{"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/posts\/1821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/comments?post=1821"}],"version-history":[{"count":7,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/posts\/1821\/revisions"}],"predecessor-version":[{"id":1974,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/posts\/1821\/revisions\/1974"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/media\/1822"}],"wp:attachment":[{"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/media?parent=1821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/categories?post=1821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kerryaclark.com\/blog\/wp-json\/wp\/v2\/tags?post=1821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}