I got to thinking about this after having read an article in this past weekend’s Parade Magazine (www.parade.com). The article was titled What I Did With My First Million by Cindy Adams. It dealt with a group of celebrities and what they did with their 1st million dollars. All of them seemed to go out and buy something a little extravagant (except maybe Matt Lauer who was concerned about ‘job security’)*, but within their new means.
* Can you relate with this?. Go to www.RetiredBeforeYourTime.com
Anyway, this article got me thinking about what I would do with a major jump in my annual income to those levels. In my case, the first major thing that I would do (after taking my wife out on a much deserved, long overdue vacation trip) would be to “pay off most of my credit card debts down to near $0.00″. I would do this as most credit card debt (or other revolving debt) is the biggest drain on most everyone’s everyday financial well-being.
Getting rid of this money dump is a direct pay increase to you. Paying off the debt will free up your mind, free up your emotions, and will change your entire perspective of life. Just think about it for a moment.
If you did not have any income draining debts, how much money would you have to do the things you have always dreamed about?
Would that amount of money be an extra $2,000/month?, Maybe $3,000?, or maybe $4,000 per month? (Wow! That’s $48,000 per year.)
Wouldn’t it be great to have this kind of additional income coming into your household?
Getting Rid of Credit Card Debt is one of the first things you should do with new income!
You’re probably saying, “Oh, this sounds great, but how do you get the money to pay off the debts?”
I think the best way is to use your ideas, skills, experiences and knowledge to create a supplemental income. Yes, that includes YOU!
Go find out for yourself, go and visit www.MakeMoneyWithWhatYouKnow.com and get your free report that outlines why everyone is an expert at something. Go now and Get Rid of Credit Card Debt!
To Your Success and Your First $ Million!
What Would You Do? Feel free to comment.