courtesy of johnr71

Recently I made a guest post on Adam Baker’s brilliant site, “ManvsDebt.” Overwhelmed with the amount of positive support his readers gave me, I went out and leased a brand new bad ass candy apple red Ferrari (just kidding).

No seriously, what happened was, I became 100% debt free (giving myself an approximate $350/month raise).

So what’s the easiest most effective way to give your own self a raise in ANY economy. You got it – pay off your fucking debt people!

Although it might not seem like much of a raise to some, it was for me.  Not only that, the psychological and emotional impact it has had on me, is probably one of the most life changing events I’ve ever personally experienced.

It’s also one that I truly wish everyone has the chance to experience one day.  As someone who has helped a few close individuals through this, perhaps I can share a bit of my story to help you unchain yourself from the ahole bankers who are seriously laughing their ass off because YOU don’t get it!

Below are a few simple unconventional insights that I hope might help you or someone you know overcome a similar feat.

If you can’t afford to pay cash for something, you don’t buy it – this goes for both your business or personal life.

I know it sounds simple, but this was the one thing I never really learned or was taught by anyone (go figure).  Although the people I was around, the billions spent by advertisers per year in convincing me that, “Get it now, pay later” was the right things to do… they were fucking wrong!

Cut up all of your credit cards and leave the debit cards home!  You spend less when you go into a store with 100% cash.  Not only that, you find deals you never saw before because you can only spend the cash you have in your hand.  What a new concept, huh?

Since I got my girlfriend Kelly on this plan, she’s been able to cut her credit card debt in half (already paying off over $30,000 just in credit card debt)!

It’s true I had to do some mind trick ninjitsu work on her… but I’ll never forget the time when she actually understood this.

Kelly went into Target with about $25 cash.  She got a christmas tree, the stand and a few other things…  she was so excited and understood “I can work with a budget.”

The crazy thing was, she used to go into a store and just get whatever she needed (never considering the price).  Now she has to consider the price because she goes in with cash – already knowing what she needs and what she can spend.

Is this not the easiest most brilliant thing to do?

No car payments, or fleeces (what some call “leases”).

A “lease” is such a great business model anyone in business should use.  It’s fucking brilliant!

Think about it. You borrow a product that you don’t own, pay someone hundreds of dollars a month to use, then give it back to them in 2 or 3 years (signing a contract that they will get paid on a certain date each month or else they will sue your ass).

Brilliant business model BMW (but scam someone else)!

If you are at a store and you find something you need, put it on hold if you don’t have the cash.  This relieves any/all “impulse buys.”

This is probably the one of the smartest little tricks I’ve learned.  Because I only carry cash on me if I know I’m going to buy something (and don’t own any credit cards), I go home to see it if I have it in my envelope.  Not only that, I start asking myself, “Do I really need this?”

Remember, not “do I want this?”  BIG difference.

Other than buying a house in the next few years – which would most likely be paid for in cash (or  a 15 year fixed rate at 25% of my take home pay), I’m now 100% confident that I’ll never need another stupid loan or credit card EVER again to live on.

Although it’s one thing to pay off your debt, it’s another thing to do it and be in 100% control of your finances.  For this, I have my “ultimate” mentor to thank for introducing me to Dave Ramsey’s plan and standing behind me in this personal quest of debt annihilation.

I know this might sound a bit “unconventional” to live this way.  But when “conventional” is being in debt up to your eyeballs, unhappy, living “pay check to pay check,” depressed, and working a soul sucking job because of the “great fucking benefits,” I don’t know about you… but… “unconventional” just seems like the smarter way to go.  Don’t you?

Special Note – Tired of the same boring and conventional business and guru talk? Sign up here for my free newsletter & receive your instant report on the best most simple unconventional insights (for you and your business).  Upon signup, you can also download a free sample chapter of my first book entitled, “The Poet and the Billionaire: A Personal Journey of Conversation.”

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