Note: This is a post from Adam Baker, founder of Man Vs. Debt.
In Episode 3 of the new podcast, we cover the “6 Phases of Debt Reduction.”
Having talked to thousands of people (on all different parts of their debt journey) over the last few years, I’ve noticed a couple patterns that have emerged.
It seems that almost everyone, regardless of income level, country, or age, goes through 6 clear phases when taking back control of their financial life.
Listen to Episode 3 here!
You can also download the .mp3 file here; simply right-click or option-click and choose “Save link as.”
What We Can Learn From The News:
At the beginning of each podcast, I cover three news stories from the past week. We attempt to have a little fun and pull out a positive nugget from each story featured.
- Story #1: The Most Unusual Job Interview Questions of 2011
- Story #2: NBC’s Super Bowl Ads Sell Out at Record Prices
- Story #3: If you think Suze Orman’s new Pre-Paid Debit Card is a bad idea, you’re an “idiot”.
I also pointed out what was the best Super Bowl ad last year (by far): Young Darth Vader.
The 6 Phases of Debt:
- Free Your Mind… (I show off my singing voice – can’t miss it)
- Wake Up!
- Suck it up and Budget.
- Stop Buying Crap.
- Earn More Money.
- Bringing it all together (for the long-term).
Help the podcast reach even more people!
We’re still Top 10 in our “investing” category of iTunes. And still being featured as “New and Noteworthy in iTunes”.
Help us keep up the amazing momentum!
Word of mouth is still the most amazing method to spread the news. Is there a friend, coworker, and family member that would enjoy the podcast? Send it to them!
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Which phase of battling debt are you in?