Viewer Suggestion to Destroy Debts: Trade in Your Truck

What's Hot

23 Upgrades Under $50 to Make Your House Look AwesomeAround The House

Trump Worth $10 Billion Less Than If He’d Simply Invested in Index FundsBusiness

Do This or Your iPhone Bill May SkyrocketSave

11 Places in the World Where You Can Afford to Retire in StyleMore

19 Moves That Will Help You Retire Early and in StyleFamily

What You Need to Know for 2017 Obamacare EnrollmentFamily

8 Things Rich People Buy That Make Them Look DumbAround The House

50 Ways to Make a Fast $50 (or Lots More)Grow

32 of the Highest-Paid American SpeakersMake

The 35 Two-Year Colleges That Produce the Highest EarnersCollege

5 DIY Ways to Make Your Car Smell GreatCars

Amazon Prime No Longer Pledges Free 2-Day Shipping on All ItemsMore

More Caffeine Means Less Dementia for WomenFamily

7 Household Hacks That Save You CashAround The House

5 Reasons a Roth IRA Should Be Part of Your Retirement PlanGrow

30 Awesome Things to Do in RetirementCollege

Beware These 10 Retail Sales Tricks That Get You to Spend MoreMore

9 Tips to Ensure You’ll Have Enough to RetireFamily

Brad found an extra $200 a month to pay down debt - and improved his ride at the same time. What could you do to destroy your debts?

The following email came in over the weekend. It shows that there are a lot of Americans who are getting serious about destroying their debts! (The book mentioned below is Life or Debt 2010, available at bookstores and libraries everywhere.)

I wrote you briefly a couple weeks back regarding the success I have had with my debt since reading your book (Life or Debt). Ever since reading the book I have found myself taking control over my debt situation working diligently to overcome high interest charges and unneeded monthly bills. I am even now finding paying my debts fun as I enjoy the challenge of working every angle possible to squash my debt every single month.

While following your debt destroyer program [Editor’s note: This refers to a program to set aside money monthly to target debts] I have been monitoring the growth of my destroyer and always looking for additional ways to add to it. Obviously with every paid off debt my destroyer continues to grow but I’ve been looking for some fast action growth! After some further thought put into our situation I found if I were to make a change to one of our leased vehicles it would be the quickest, easiest and most dramatic change I could see to our debt. After reading the section in your book about vehicles and vehicle purchasing it reminded me of the amount of money we lost just buying new and made me need to make a change!

Long story short I sold my 2008 truck eliminating that amount and bought an older yet nicer vehicle that was over $5,000 less then than amount I owed on my 2008. Doing so combined with a better interest rate also dramatically lowered my minimum payments by $200 which has just raised my debt destroyer that amount!

Thanks again for sharing the knowledge via your book!
Best Regards,

While posting this email may seem self-serving, I thought it was important to offset some of the negative notes I get saying “I’ve done everything I can – there’s nothing left that we can do to find the money in our budget to pay off debt.”

For most people – at least those with income – there’s nearly always something you can do to find extra money to destroy debt.

Paying interest means handing money to a lender that you should be keeping for yourself. Pay off your debts as quickly as you can. And stick around for more ideas on how to find the extra money to do it!

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: 9 Tips to Ensure You’ll Have Enough to Retire

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,653 more deals!