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Getting out of debt is simple math.

The Simple Math of Getting out of Debt
Simple? Yes. Easy? No.
The going into debt side: $1 of debt plus $1 dollar of debt = $2 of debt.
Fast, easy, and debt can stick around a long time.

The getting out side: $2 of debt minus $2 of debt = $0 dollars of debt.
Can be time consuming, slow, and sometimes seemingly endless.
No magic, just simple math.

Your biggest enemy in this process? Your mind (ie: your habits, what/how you think about money).

What is debt?
You selling your future labor today. Contracting your labor into the future. You sign the contract (note, credit card agreement, etc) promising to make future payments. Those payments are a result of your labor.

Not only do you repay the principle balance (purchase price), you repay interest payments on top of that.

Wrap:
Before borrowing the money ask yourself, “Is there another way to get what I want without borrowing?” Wait longer, save the money, trade, barter, etc.

Food for thought: When animals hunt the food they need, they don’t stock up for future use. They typically gather what they need, eat, and then hunt another day. No stockpiling, which is what borrowing is.

Resource:
The Richest Man in Babylon – George Clason

Get Your Mind Straight. Get Your Money Straight.
Copyright 2018, Debt Shepherd, All Rights Reserved

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How to protect your financial privacy.

Let’s start at home:
Shredders –
$45. Cross Cut not strip cut. Don’t let it pile up. What to shred? Bank statements, documents with acct #’s, SSN, picture ID. Once trash is on the curb, it’s open game.

VPN – Virtual Private Network
vyprVPN software. Free download, 3 days free. Low monthly fee. Fast install on desktop or mobile. Masks your IP address (street address of your computer). Blocks malicious sites like virus protection software. 100% Anonymity online? No. But greatly increased security and privacy. Bank app iPhone check deposits. Use it with VPN software installed on your mobile device.

Out in the world:
At The Bank –
Don’t write acct # on piece of paper and then throw it in the trash. Dumpster divers. People look over your shoulder. Cameras on phones. If you speak your SSN, lower your voice. Don’t lay any docs down and walk away even for a second. Direct deposit, can still get to know your local bank.

Personal story:
I’ve had my Visa Debit card # stolen at least once or twice in 18 yrs. Card Security Services called to verify transaction and I canx the card. $350 charge in CA.

Closing:
Financial Privacy is your responsibility. Not paranoid, just increased level of awareness. Use a PO Box for physical mail.

Resources:
VyprVPN (VPN software)

Get Your Mind Straight. Get Your Money Straight.
Copyright 2018, Debt Shepherd, All Rights Reserved