Comments on: Cutting Expenses Only Gets You So Far http://www.debtreductionformula.com/blog/cutting-expenses-only-gets-you-so-far/ Reduce Expenses + Increase Income + Discipline = Get Out of Debt Fri, 05 Mar 2010 09:37:31 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Ryan Healy http://www.debtreductionformula.com/blog/cutting-expenses-only-gets-you-so-far/comment-page-1/#comment-61 Ryan Healy Mon, 05 Nov 2007 00:10:18 +0000 http://debtreductionformula.com/blog/?p=53#comment-61 Point well taken, especially about the power of small payments made consistently. Small amounts applied to debt consistently probably have greater effect than large amounts applied only periodically. Point well taken, especially about the power of small payments made consistently. Small amounts applied to debt consistently probably have greater effect than large amounts applied only periodically.

]]> By: paidtwice http://www.debtreductionformula.com/blog/cutting-expenses-only-gets-you-so-far/comment-page-1/#comment-59 paidtwice Sun, 04 Nov 2007 00:08:30 +0000 http://debtreductionformula.com/blog/?p=53#comment-59 There is no limit to how much you can earn is probably true in theory, but if it was true in practice the whole world could be multi-millionaires ;). There are always other factors to consider. is it because people are too "comfortable" with the lot they hold already? Maybe, and probably. but sometimes there are other factors (ie - supporting family members that can't support themselves) that have to be taken into account before a risk is taken with trying to change one's income for the better. Not that I don't think making more money is a good thing. But you'd be surprised how much small amounts of extra money consistently paid can affect debt over the long term. Truly ;) We still have a three year time horizon to deal with a bit north of $30,000 in debt. Hopefully :) There is no limit to how much you can earn is probably true in theory, but if it was true in practice the whole world could be multi-millionaires ;). There are always other factors to consider. is it because people are too “comfortable” with the lot they hold already? Maybe, and probably. but sometimes there are other factors (ie – supporting family members that can’t support themselves) that have to be taken into account before a risk is taken with trying to change one’s income for the better.

Not that I don’t think making more money is a good thing. But you’d be surprised how much small amounts of extra money consistently paid can affect debt over the long term. Truly ;)

We still have a three year time horizon to deal with a bit north of $30,000 in debt. Hopefully :)

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