How to Pay Off All Debt

by Jeffrey Kosola on August 6, 2010

 

Sacrifice.

.

{ 26 comments… read them below or add one }

Jackie August 6, 2010 at 8:24 am

So true!

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Jeffrey Kosola August 6, 2010 at 1:45 pm

@Jackie, I only speak the truth :-) Ok, maybe not all the time, but most of the time. I know this was a little wordy.

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Red August 6, 2010 at 9:03 am

You’re a man of few words, Jeff, but they’re all the right ones! There’s no big secret about paying off debt. You sacrifice to make it happen, whether it be sacrificing time with your family to take on a second job and make more money or sacrificing the luxuries in life so you can put more income to debt. It’s a simple formula. ;)

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Jeffrey Kosola August 6, 2010 at 1:53 pm

@Red yes I am a man of few words (here, today). Too bad the guys that work for me at GM don’t see the quiet Jeff, haha.

You are so right, there is no secret. It’s kinda like weigh loss, we all know how to loose weight but only those willing to work at it (read – sacrifice time and energy) will loose weight. I just read a comment somewhere, I think it was Ramit’s post yesterday, where someone said they don’t want to hear another thing about sacrificing to get ahead with money. I guess another word that could be used is Choice. You have the choice to give up time and work more to make extra money. You have the choice to not eat out every night. I guess if sacrifice is too harsh of a word for someone, choice can be used instead, but that word just doesn’t illistrate the work involved. Sorry about rambling on, I guess I should have made the post more than one word :-)

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Jolyn@Budgets are the New Black August 6, 2010 at 10:23 am

Ha! I suppose you were relating to that particularly well when you wrote that, eh? ;)

Keep up the great work! It Will be worth it!

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Jeffrey Kosola August 6, 2010 at 1:54 pm

@Jolyn – I have a little background on the topic :-)

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Money Funk August 6, 2010 at 11:24 am

’nuff said. ;) (good one)

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Jeffrey Kosola August 6, 2010 at 1:54 pm

@Funk – WORD

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Wojo August 6, 2010 at 5:19 pm

Thanks for highlighting my non-post post. :)

And yes, I agree completely.

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Wojo August 6, 2010 at 5:20 pm

Oops…didn’t realize that was RSS-only.

Well, thanks anyway! LOL

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Jeffrey Kosola August 7, 2010 at 1:42 pm

@Wojo Anytime my friend. That’s the Yakezie widget at work.

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Financial Samurai August 7, 2010 at 1:12 am

Word!

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Jeffrey Kosola August 7, 2010 at 1:45 pm

@FS I see your “Word!” and raise you a “Dude!” check out this site for more great words from the 90′s

http://www.inthe90s.com/generated/terms.shtml

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Money Funk August 10, 2010 at 12:37 am

Aiight!!! (that’s a funny website)

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Jeffrey Kosola August 11, 2010 at 2:41 am

Hey Funk, I thought some people would like that site. I think I’m going to bring back Cheddar. For those who need a refresher – Cheddar is slang for “Money” :-)

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Money Reasons August 7, 2010 at 11:06 am

Can you break that down for me? I don’t think I follow your meaning (lol)…

Don’t forget to reward yourself once you pass certain financial milestone number (or at least that’s what we did)…

You’re doing great!

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Jeffrey Kosola August 7, 2010 at 1:47 pm

@Money Reason I thought I put it in the most simple form. How about WORK? That’s a we letters shorter.

I hear ya on the reward part. I planning on taking my lady out to Taco Bell for dinner once we are done with the debt. :-D

Thanks for the continued support my friend.

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Greg August 8, 2010 at 2:07 pm

“Sacrifice” with a plan! Understanding where you want to be and having a plan on how you are going to get there will give you the motivation when things get tough.

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Jeffrey Kosola August 11, 2010 at 2:37 am

@Greg having a plan is key to paying down debt. I’ve learned first hand that without a solid plan, it’s almost impossible to get any traction.

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myfinancialobjectives August 8, 2010 at 8:18 pm

I’m loving these short little posts (as I’m sure you are loving making them!).

So true! I do it literally everyday! It’s so worth it!

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Jeffrey Kosola August 11, 2010 at 2:38 am

@MyFinancialObjective I’m going for the streamline effect. No sense in writting 1000 to 1500 words when just one will work :-)

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Paydayuk August 10, 2010 at 9:06 am

The best way to pay off all debts is my regular income and so work harder and make your debts look small and easily payable.

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Carol August 10, 2010 at 2:49 pm

Ok – I was not expecting that. I kept looking for the REAL article. Never seen a one word post before – must try it sometime for myself.

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Jeffrey Kosola August 11, 2010 at 2:43 am

Hi Carol, sometime one word is all you need to get your point across. I’ll be watching for one word post from you. It is really weird to hit the publish button after writing a post like this :-)

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Khaleef @ KNS Financial August 21, 2010 at 4:32 pm

In all seriousness, I think this post was as effective as many of the longer ones! It strips away all of the other “nonsense” and tells the truth!

Oh, and PLEASE don’t bring back cheddar!

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Jeffrey Kosola August 23, 2010 at 4:02 am

@Khaleff it’s all about the cheddar!! Ok, that was the last time :-) It’s funny how a word or two can sum it up.

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