I am faced with what could be overwhelming debt. Not bad, really, It’s only $900 each month in the Red My total debt is approximately $75,000. First order for my agenda is to generate $265.00 more each week. Secondly, I must know exactly how much I owe.
Third step is the Little Tin Box. Have you watched the musical The Little Tin Box? The little song goes like this:
May we ask you a question? Amazing is it not? That the city pays you slightly less than fifty bucks a week, Yet, you’ve purchased a private yacht.
Witness:
I am positive your honor must be joking, Any working man could do what I have done. For a month or two I simply gave up smoking, And I put my extra pennies one by one….
Into a Little Tin Box, a Little Tin Box That a little tin key unlocks There is nothing unorthodox about a Little Tin Box…..
Skipping ahead to step two, I have my pennies in a little jar accumulated in the Month of May and will be paying additional pennies on the first credit card to be paid in full soon.
By Friday evening I will have an exact amount owed. It will be interesting to see how much my approximate amount matches When I can’t deal with stress and debt is stress to me, I just put it in the back of my mind and pretend it isn’t there. During my real estate career I have found others tend forget the debts owed. This action fills many cups of Stress.
Tomorrow may require two Cups of Courage to develop a plan to meet my deficit before it becomes an alligator and eats me alive.
Drink a cup of Courage and document your facts. Do you know how much you owe? Is there a positive cash flow at your house?
Leave a Reply