Around this time last year I really amped up my belief in the old Boy Scout motto to Always Be Prepared. My brother was among many other friends that were recently out of work, and I decided that I was going to prepare myself ahead of time for an unexpected lay off. Dave Ramsey was my new friend. Tonia and I didn’t quite use gazelle-like intensity, but we did really well in attacking our debt. By the time 2009 rolls around we’ll have paid off around $9,000 in debt (we both completely financed college, so this is a long road). We had already decided to step up our intensity this next year despite the addition of some new debt. Our goal is to pay off at least $15,000 in debt in 2009.
Those numbers look astronomical to me when put on paper, but it’s amazing how easy it is when it becomes your focus. I can’t recommend the snowball method enough, but really the best way to reduce your debt is to live on less. Consistently evaluate your spending and cut out what you can. I have been steadily increasing my savings deduction that comes out of my weekly check. In January I plan on increasing that another $25. You learn to adjust your spending to what you have available. It’s all a mind game, but it works.
I’ve said all that to say this, don’t wait until it’s too late to get your finances in order. Be prepared. I read a great article today on Get Rich Slowly with 10 Essential Steps to Take Before You Get Laid Off.
1. Update Your Skills
2. Reduce Your Household Burn Rate
3. Start a Blog
4. Expand Your Physical Network
5. Update Your LinkedIn Profile
6. Expand Your Virtual Network
7. Start Exercising
8. Learn to Use Social Media Effectively
9. Do Extracurricular Work That Showcases Your Abilities
10. Avoid Being Laid Off in the First Place
Read the entire article here.

I think I have a case of the Monday’s this morning.
My dad (


It appears that my good friend MIke Jacobs is on his way to 







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