debt payoff Archives - The Outlier Model

2 Money Mistakes Keeping You in a Debt-Cycle

Allen Francis / September 26th, 2020 / No Comments

Did you know that the average person owes over $90,500 in debts? That is because debt is a like a viral financial mindset. The average person mired in debt can only create money by generating more debt. This is a debt-cycle mindset created and perpetuated by desperation and complacency. I am not judging you. I have been broke, homeless, and it took me a decade to learn I had fostered a debt-cycle...

4 Things I’m NOT Giving Up to Become Debt Free

Chonce Maddox / January 25th, 2017 / 4 Comments

Last week, I shared 5 things I’m giving up in order to become debt free. This week, I think it’s only fair to share some of the things I’m not giving up while on my debt repayment journey. I only came up with 4 this time so many that mean I’m still better at making sacrifices to pay off my debt 🙂 Even though I really want to get out of debt, I don’t consider it a death...

Posted in: Credit and Debt Tagged with: debt, debt payoff, intentional living

5 Things I’m Giving Up to Become Debt Free

Chonce Maddox / January 18th, 2017 / 4 Comments

I know you’ve probably heard that getting out of debt requires some sacrifice. Getting out of debt will change your life so you have to be willing to make some changes during your journey in order to get there. I’ve made quite a few sacrifices over the past few years in order to get out of debt but I consider them minimal in the grand scheme of things and some of them are only temporary. Here...

Posted in: Credit and Debt Tagged with: cut expenses, debt free, debt payoff, pay off debt

6 Financial Habits to Adopt When Paying Off Debt

paying off debt, financial habits, debt advice

Chonce Maddox / December 21st, 2016 / No Comments

Last week, I mentioned 4 reasons why you may not be able to pay off your debt as efficiently as you planned. Being in debt can be frustrating enough, but when you’re not making and progress it can really ruin your mindset. When it comes to paying off debt, mindset and habit are key. It won’t happen overnight, but it will as you commit to good habits. That’s why this week, I want to share some...

Posted in: Money Tagged with: debt, debt payoff, financial habits