Debt Payoff Fast
This may not apply to your situation if you are currently debt free. Chances are though you may have someone you know that you could possibly help with this Mills Way to Financial Freedom rule. We taught this to our kids so if something happened and they found themselves in debt during their adult kids they would have the skills to get debt free fast. Of course, depending on how much debt they may fall into.
Choices and Consequences, we stress in our house. Some people have things that happen to them that maybe they couldn’t have prevented that causes debt but most people that have debt spend money they don’t have on normally stupid stuff.
People I have worked with in the past that wanted to get out of debt normally drove nicer cars than I did. They normally had nicer cell phones than I had. They normally go out to eat and events more than I do. They live in a larger house than they can afford. This list can go on and on. Again, they made some poor choices.
As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only.
Action Steps
That is why this Rule is part of Action Step 2, 4 and 7 in getting towards your Financial Freedom goals. Action Step 1 is to list your goals you have for Financial Freedom and then your Why’s for each goal, what you will give up to attain each goal and when you want to accomplish each goal by. More details in the Podcast Episode.
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