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     Do you experience anxiety over your current financial situation and unsure as to what action to take towards your Financial Freedom?  You are possibly reading this because you find yourself in a very difficult financial predicament right now, and seeking help to get out of your circumstances.  The good news is you’ve found the right source of guidance that’s here to provide you high quality content to help you right now.   This article provides important guidance of actions you can take right now to start your journey towards achieving Financial Freedom out of debt.  What I’m about to share with you is vital because your life, time, and value are meant to be so much more than what you may be experiencing right now.  You have an opportunity this moment to make a permanent change in your life for the better no matter your age or circumstance.  I’m living proof of this myself, I spent approximately 22 years in and out of several types of debts, and a few years ago finally made the decision that enough was enough, and made my line in the sand to make a permanent life change of getting out of debt, and staying out of it.  I share some life lessons of debt to help you start your journey towards financial freedom today.

     Think of the word debt for a moment, what usually comes to mind?  Right owing a company or person money.  The word debt in this case does not have a negative context, instead use this word to create direction for yourself in the form of an acronym.  By applying this helpful memory tool, you will be able to understand more about your financial attitudes and circumstances better, and create an initial path towards financial freedom.  I invite you to complete each step carefully and fully as you read through this article.  The quicker you act the quicker you can be on your way towards debt freedom which is the goal.  The acronym DEBT stands for:

D-Deliberate decisions

E-Evaluate yourself and circumstances

B-Believe and budget

T-Take massive action

     The first thing that will help you in taking back control of your finances is to make a deliberate decision to do so.  This can be accomplished by taking some time now to write about your thoughts and feelings on paper of the pain you experience of being in debt.  Our emotions are very influential they can either help or hurt us.  You need to ask yourself are the decisions I’m making financially helping or hurting me from reaching my goals or passions in life?  On the piece of notebook paper or journal in front of you write down as many specific reasons you can think of why you must take back control of your finances.  Maybe you are behind on your financial promises to yourself, your family, or other people.  The more reasons you have in getting out of debt will result in your motivation to get out of debt as quickly as possible.

     You must know how to make deliberate decisions about pursuing financial freedom by doing so this gives you a structured path in making the best decision possible about your decision to financial freedom.  Follow the steps below in order once you begin this evaluation process it will give you a sense of accomplishment, motivation you are taking massive action, and provide you the momentum forward you need.
Step 1.  Gather info and list possible alternatives of your current overall debt circumstances.
Step 2.  Consider consequences of each alternative as it relates to your overall debt circumstances.
Step 3.  Select the best course of actions based on the first two decision-making steps.
Step 4.  Evaluate the results and adjust as necessary.

     After completing the “D” for deliberate decision-making process in the acronym DEBT memory tool, this supports the next letter “E” in the help tool acronym DEBT, which stands for “Evaluate yourself and circumstances”.  This step is very important to really take some time to intentionally and internally evaluate, and diagnose how you came to this financial spot in your life.   Evaluate yourself and circumstances on your current debt situation ask yourself questions like, how did I arrive at this financial situation?  What could I have done differently to not make this financial decision?  This type of questioning to yourself will help identify certain financial or personal behaviors you were familiar or unfamiliar within you that affected how you arrived at your debt situation.  You may know debt happens for all sorts of reasons, question to ask to yourself is how will you prepare next time so that this doesn’t happen again to you. Will you try to consistently save for future expenses?  Be sure not to speed through this step, it’s not meant to bring you to shame or anything like that, instead it’s to point out behaviors that you may need to change to help you began that first step towards financial freedom.  I recall my first experience with debt when I was 22 years old.   I later went through this personal evaluation step, what I found out I was an enabler, where I wanted to “help” others instead of always taking care of myself first especially financially.  I relearned the value of taking care of yourself first before I could take care of others financially.  If I never took the time to evaluate myself, I would have been in more trouble personally and financially then.  Please learn from my financial mistakes and ensure to complete your personal evaluation it willing only help you. Also, maintain it and revise it as you gain new insights about your financial behaviors.  By reviewing it often it will help you see your progression of where you started and where you are at later.  After completing your personal evaluation on yourself this helps you with the next step of the DEBT acronym help tool letter “B” to “believe and budget”.

     The first two action steps in the acronym DEBT gives you reasons and renewed awareness’ into truly believing it’s possible for you to achieve financial freedom.  Remember words have meaning, to believe is to have a firm conviction of your ability to produce a desired result in your life.  You must have reasons, awareness’, direction first so real solid belief, and change becomes real in your life so that achieving financial freedom is possible.   You will take massive action based on this belief because of the reasons you wrote about earlier why you desire financial freedom.   Once you have made solid deliberate decisions and evaluated yourself on your financial circumstances, then it’s time to begin working on a personal budget for yourself the second part of the “B” in the DEBT acronym help tool.

     A budget is a specific amount of money available for, required for, and set aside for specific purposes.  Think about a personal budget as a window into your spending habits for you to look out and into to see exactly where your money is being spent.  To get started in creating your own personal budget I recommend you purchasing a simple one inch three ring binder, and tabbed paper dividers that you can separate your personal budgets by month (January through December of each year).  Ensure to label the front cover of your binder “My Personal Budget Folder” or something similar.  By keeping track of your personal budget in your binder you can keep track of your monthly progression in an organized way which will provide encouragement to you.  Also, it helps you be more accountable how you are spending your money.  You can use an online personal budget form from Dave Ramsey’s Financial Peace University that you can use for free at  To access the online personal budget form, you need to set up a brief sign in account within the site after you get into the main page link, by copy and pasting into your browser.  Once you have successfully signed up follow the instructions provided on the web site to begin creating your personal budget.  Also, provided for you is the link to the same budget form you can download, print it out, and manually complete it on your own at: simply copy and paste the URL into your browser to access.  I’ve used this budget form myself and I like its features because it has you designate expenses for everything you spend your money on, until you have a zero balance on your income you started out with.  This budget form is very useful because you can directly see where your money is going, and adjust as necessary as you progress in your journey towards financial freedom.  Remember to print out a copy of this budget form every month and put a copy into your binder.  You can review your budget weekly, bi-weekly, however often it helps you stay on track with your finances.  Once you establish the habit of keeping up on your budget the easier it becomes to maintain it.  I encourage you to set aside at least once a week or however often you think is appropriate based on your level of debt or financial circumstances to complete this part of the DEBT acronym help tool as described.  After completing the first three steps using the DEBT acronym memory help tool, and your initial budget at this point the last step is to take massive action, as the letter “T” in DEBT represents.

     If you have completed the first three steps of the DEBT acronym memory help tool, you have already put into practice the habit of taking massive action in adjusting your thinking, current spending habits, and financial behaviors at this point.  By continuingly taking massive action at this point find at least one trusted person in your life you can share your results with from completing the DEBT acronym help tool with, to help encourage you, and keep you accountable for your decision to start your path towards financial freedom.  By involving another person into your goal of achieving debt freedom this will help you realize you are not alone in your journey.  I was fortunate to have some entrusted people I knew at various points in my experiences with debt come along side me and provide guidance, insight, and encouragement.  I’ve heard it said that success at anything including becoming debt free is 80 percent mental and 20 percent mechanics.  This means changing your mindset about your finances is very important than the steps involved.  The steps involved are important though if your mindset has not changed good chance you may slide back into the same financial situation as before.  My goal is to help you take massive action right now to change your thinking about your financial situation, and eliminate the debt in your life.

     I invite you to leave your name and email address in the pop-up window of this site to receive your free video tutorial and work booklet covering information in this article to help you get a jump start on your path towards financial freedom.  Remember you are not alone in this journey towards a debt freedom life.

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