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Writer's pictureCeline K

How to get out of Debt?

Updated: Jul 3, 2023



Debt is like alcohol or drugs. We want it even though we know it is bad for us. To overcome the debt burden, we must know why we want it. Once we understand why we WANT debt, we can see how we can get out of it.


Being frugal, having a budget, etc., will not get you out of debt. Seeing where our cash goes may be fun, but you need money to get out of debt, not a budgeting chart or some cold turkey way to quit shopping for junk.


Why do we WANT debt? Because we want to enjoy life NOW, not later. That is not a flaw of your nature. It is human nature.

We want to eat when we are hungry, right? We don’t delay eating when we are hungry because it is good for us, do we?


We want a house now, not later. We want a car now, not later. We want to have that red dress now. And that pair of shoes will go well with the red dress, so we MUST have the shoes too, now.

We don’t live to fulfill what we NEED. We live to fulfill what we WANT.

Many supposedly financial gurus will say we must delay gratifications if we want financial independence. Nope. Nope. Nope. It didn’t work for me. It won’t work for you either. It is just not human to delay gratifications. Sure, a fraction of a percent of the population can do that. But most of us are not that fraction of a percent of people. We are just regular people who also want to live our lives NOW.


Debt is the tool bestowed upon us so we mere mortals can live our lives NOW. What is so wrong about that?

Oh, we have to pay the debt back? So, to pay the debt off, we have to stop living? Is that the answer? That is the wrong answer. Most of us would have done it if it were the correct answer.


The approach to get rid of debt is to (1) recognize that we have debt because we want to live our lives NOW, not later, and (2) budgeting, saving, and being frugal will not help us get out of debt.

The only way to get rid of debt is to MAKE MORE MONEY. If we can MAKE MORE MONEY, we can satisfy (1) live the life we want and (2) pay off debt. Making more money is the only REAL solution to debt and living the life we want. Everything else is but lies or fairytales.

Making more money is not a guarantee. Nothing in life is. But there is a proven way to make a ton of money. We have seen it, and they are all around us. It is called being the best in what we do. We have complete control of that. Few of us have managed to do the best in what we do because we were told it is hard and it is not necessary. Those are lies. To be the best in what we do is not easy, but very possible. And we need to be the best in what we do to live the life we want, not just to get by.


Successful athletes, singers, musicians, movie stars, movie producers, influencers, engineers, designers, sales representatives, entrepreneurs, lawyers, doctors, architects, financial analysts, bankers, race car drivers, artists, fashion models, artisans, real estate brokers, small business owners, etc., made millions of dollars.


They are the best of their kind. Some are trade experts, like doctors, architects, lawyers, etc. Others, like real estate brokers, landscapers, restaurant owners, and many small business owners, are just people like you or me.


They do not have a debt problem. And if they have debt, they don’t worry about it because they make more than enough money to cover their debts and live the lives they want at the same time.

There is only one way to get out of debt; to make more money. And there is only one way to make more money; be the best in what you do, better than most others who do the same thing.

To be the best in what you do will take time. But you have time to build up debt, to live your life, and you have time to learn, to work, to fail and fail again, and to be the best in what you do. You have a whole lifetime to get to be your best.


Most of us do not spend our life to be the best in what we do. We try this scheme or that. We work here and there. We save some money for a lousy cheap trip. We go to some mediocre restaurant for a few cheap shots and call it a date. We shop for imitation brands and feel sassy putting them on to go out. We are not demanding the best in our lives. So we don’t require the best out of ourselves. Therefore, we will never be the best in what we do.


Change our mindset to want the best in our lives, not some cheap stuff to fill our closets or go out on a cheap date.


To demand the best for ourselves, we must first know the best available to some but not us. We will demand the best for ourselves as we see and discover the best we SHOULD have. We will then find the drive to want to BE the best in what we do. Anything and everything in our lives, including what we do, must be the best. That is how we will be on our way to being the best in what we do. And from there, we will be on our way to making a ton of money. It is really that simple. It is simple but challenging.


It is necessary to make a lot of money to live the life you want and not have to worry about debt.


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