Tuesday, November 14, 2006

Cheesburger or your dream

MSN Money brings us info on paying off huge debts in a hurry.

"How did they do it? Among other things:

  • They made debt payoff a priority, although most continued to save for retirement as well.
  • They kept their basic living expenses as low as possible.
  • They looked for creative ways to speed up their debt repayment, and some took extra work. (Cards, for example, volunteered for overtime and took a second job. Wilkinson, a lawyer, moonlighted as a package loader on a FedEx loading dock.)
It's focus. This is what I really want to do," Thompson said. "I ask myself, 'Do I want this cheeseburger or my dream?' I always pick my dream."

Huge Debts, paid off fast

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