Joseph Dillard

How much sense does it make to dig a hole before you start to build? I  am not talking about digging a foundation. It does not make much sense at all. It takes more time and causes more work. Unless you are patient, consistent, and committed you will likely give up before your building project is finished. It’s like eating at an all you can eat buffet on the weekend before you plan to start a diet on the following Monday. It’s not a good idea. You are intentionally putting yourself behind. You are starting at a disadvantage.

Nevertheless, many of us have done this and ended up  failing in our attempts to lose weight. In fact, many of us actually ended up gaining more weight than we started with. Sadly, many people use the same “strategy” to pay off debt. It doesn’t work with dieting and it doesn’t work with debt reduction either. You cannot expect to be successful with debt reduction after you have spent hundreds or thousands of dollars right before you plan to begin your debt reduction journey. There may be a few people who are actually successful at paying off their debt after starting this way, but they will have to work longer and harder to achieve their goal.

There is a strategy that can increase the likelihood of you paying down and paying off your debt. It begins with making a decision to make a change. Not just a decision to reduce your debt but to make a change. If you decide to reduce your debt but you don’t change the way you think, then you will dig a hole and eventually change your mind. After you decide to make a change, then you make a plan. Your plan will include your goal, the amount of money you want to pay off, how often you make payments, and when you will be finished. Stop sabotaging your efforts and start achieving your goals. You can do it! All the best.

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