Comments on: Debt Reduction Game Plan

By: Mr. Charles' debt guide

Mr. Charles' debt guide — Wed, 08 Jul 2009 01:18:38 +0000

good story man. and good game plan. paying cash is the way and on time. letting those interest eat you is a definite no no

By: yucel

yucel — Mon, 08 Jun 2009 12:14:47 +0000

Wow I loved the story from the department story. My goal is to be in the same position and pay cash for everything. It is amazing how many people feel the credit is a necessity!

By: Tom

Tom — Sat, 06 Jun 2009 20:04:07 +0000

Wow I loved the story from the department story. My goal is to be in the same position and pay cash for everything. It is amazing how many people feel the credit is a necessity!

Great analogies, and it’s good to hear the the men in stripes didn’t have a bigger role to play

Go Steelers, though!

By: repo2riches

repo2riches — Fri, 05 Jun 2009 20:59:07 +0000

Thanks for the post! We recently started our Debt Reduction Plan and establishing an Emergency Fund. I never thought to fully fund our Emergency Fund before starting debt reduction. We’ve been doing it simultaneously but I like what you did and I’m going to re-work our numbers!!! Thanks again….Puna

By: My Journey

My Journey — Fri, 05 Jun 2009 15:02:34 +0000

GO DIRTY BIRDS!

“I used unexpected income to boost my debt reduction payments. I never considered using bonuses, gifts, or cash payments for anything other than debt reduction. Remember, it’s important to maintain a laser-like focus.”

This is like picking up a first round draft pick like Ryan…and going into the playoffs with him!

By: Baker @ ManVsDebt

Baker @ ManVsDebt — Fri, 05 Jun 2009 13:51:30 +0000

Wow, I’m surprised you’ve been so successful considering you’ve been watching the Falcons all these years!

Seriously, though this is a great metaphor for gaining control of your finances. The importance of having a plan (and a well-balanced plan like you’ve outlined) cannot be understated!

Looking forward to your regular posting!

By: the weakonomist

the weakonomist — Fri, 05 Jun 2009 11:38:27 +0000

That was good, I really like the special teams. I would add another member to that team that is trying to increase your income. Whether it’s delivering pizzas or starting up a business, you want to diversify your income and increase cash flow. It isn’t always possible, but it’s a good guy to have lined up at the kick-off.