Are you willing to get rid of all your things? Move back in with your parents? Sell your car? How about give up a left testicle?
Before you laugh at that last one, check out this comment we just got here:
I need around $35,000 give or take to get me n my wife out of debt if u have anything in mind please feel free to contact me I willING to give my left testicle to save our marriage
It was left on an older post about making money doing science experiments, and if it wasn’t for the “save our marriage” part I would have written it off as a joke! But of course I still couldn’t resist sharing it on Twitter to see what my friends would say ;) They had a ball!
And people think finance people are a boring bunch ;)
All kidding aside though, debt is no joke and some of us are just drowning in it and would do almost anything to get out. But how far are you willing to go? And how far SHOULD you be willing to go?
I don’t have any real answers for you today (I was just DYING to get out that testicle comment, haha…) but it is something to really think long and hard about as you’re going through the journey.
How important is being debt-free really to you?? Are you willing to FIGHT hard for it?? What would it mean to your family or friends or even your future dreams to be completely rid of it all? Would you do anything *illegal*? (That’s where I would draw the line)
I saw another tweet come in a few hours after my post, and that one was a wild one to think about too:
Giving up your rights – wow!
But here’s the thing – paying down your debt doesn’t have to require such drastic measures. It may be faster, but what if you just ramped it up an extra 1 or 2%? Or took an extra hour a week negotiating down a bill or scouring your house for more items to sell? What if you did something crazy like going down to only *one* car or not buying something new for a month or two or even 12 months in a row? What if you allotted all future raises and bonuses and other “found” money right over to debt which you aren’t even used to having anyways?
I think we all have way more hustle inside of us than we tend to give ourselves credit for, and there’s no shame in sticking to a slower but consistent pace if that’s all you can muster right now. It’ll just make the finish line that much sweeter to cross!
Just like there’s no shortcuts to getting rich quick, there’s (usually) no shortcuts to paying off all your debt fast either. Watch for the big wins, then just keep your head down and keep pushing yourself the best way you know how.
Debt is not forever, unlike snipping of your body parts or any other cockamaimy ideas!
PS: I was originally going to share a bunch of random “would you do this to pay off your debts?” type questions for you to consider, but I ended up scrapping the idea because it just got more and more ridiculous the longer I went, haha… But if you’re not ready to go back to work yet and wanna play along, here were a few of my favorites I came up with ;)
- Would you give up two full years of your life to pay off all your debts? (Think: coma)
- Would you jump into a pond of crocodiles for 30 minutes to pay off all your debt?
- Would you go to work for an entire day naked, provided you didn’t get fired?
- Would you eat your most hated meals for an entire year if it meant having no more debts?