Comments on: Paying Off Debt – Science vs. Psychology, and the Seventh-Inning Slump http://www.creditwithdrawal.com/wordpress/2008/07/28/paying-off-debt-science-vs-psychology-and-the-seventh-inning-slump/ Helping You Kick the Credit Habit, One Good Idea at a Time Thu, 31 Dec 2009 04:56:04 -0700 http://wordpress.org/?v=2.8 hourly 1 By: Weekend Roundup- Summer Olympics Edition | Think Your Way to Wealth http://www.creditwithdrawal.com/wordpress/2008/07/28/paying-off-debt-science-vs-psychology-and-the-seventh-inning-slump/comment-page-1/#comment-2153 Weekend Roundup- Summer Olympics Edition | Think Your Way to Wealth Sun, 10 Aug 2008 18:36:35 +0000 http://www.creditwithdrawal.com/2008/07/28/paying-off-debt-science-vs-psychology-and-the-seventh-inning-slump/#comment-2153 [...] Credit Withdrawal talks about getting over the low-motivation times in debt reduction. [...] [...] Credit Withdrawal talks about getting over the low-motivation times in debt reduction. [...]

]]> By: More Great Personal Finance Carnivals | artofthecoupon.com http://www.creditwithdrawal.com/wordpress/2008/07/28/paying-off-debt-science-vs-psychology-and-the-seventh-inning-slump/comment-page-1/#comment-2136 More Great Personal Finance Carnivals | artofthecoupon.com Mon, 04 Aug 2008 11:30:36 +0000 http://www.creditwithdrawal.com/2008/07/28/paying-off-debt-science-vs-psychology-and-the-seventh-inning-slump/#comment-2136 [...] for my article, about how debt breeds more debt.  While you are over there I also really enjoyed this article at Credit Withdrawal about the psychology of money and how to get over the slump that comes when [...] [...] for my article, about how debt breeds more debt.  While you are over there I also really enjoyed this article at Credit Withdrawal about the psychology of money and how to get over the slump that comes when [...]

]]> By: Carnival of Debt Reduction » Blog Archive » Carnival #151 is up at Mighty Bargain Hunter http://www.creditwithdrawal.com/wordpress/2008/07/28/paying-off-debt-science-vs-psychology-and-the-seventh-inning-slump/comment-page-1/#comment-2134 Carnival of Debt Reduction » Blog Archive » Carnival #151 is up at Mighty Bargain Hunter Mon, 04 Aug 2008 08:41:32 +0000 http://www.creditwithdrawal.com/2008/07/28/paying-off-debt-science-vs-psychology-and-the-seventh-inning-slump/#comment-2134 [...] Credit Withdrawal talks about getting over the low-motivation times in debt reduction. [...] [...] Credit Withdrawal talks about getting over the low-motivation times in debt reduction. [...]

]]> By: Lindsay http://www.creditwithdrawal.com/wordpress/2008/07/28/paying-off-debt-science-vs-psychology-and-the-seventh-inning-slump/comment-page-1/#comment-2117 Lindsay Tue, 29 Jul 2008 23:52:31 +0000 http://www.creditwithdrawal.com/2008/07/28/paying-off-debt-science-vs-psychology-and-the-seventh-inning-slump/#comment-2117 I think it's human nature to want things to happen fast. Nature doesn't really work that way though, heh. I don't have any debt (any more), but I'm in the position of working toward saving up a sizable chunk of money so I can get into real estate investing (the smart way... by having money to put down and being able to cover expenses whether renters are in the place or not), and it does take time. Focusing on something else (other projects) can help take your mind off paying down debt, and gradually it happens, and you realize you've really accomplished a lot. Of course, something that helps a lot is increasing your income. A lot of people get stuck on the idea that the only way they're going to make money is through a job, and that's usually a fixed amount each month. Add a few other sources of income, and the debt will go down quicker. I've seen Suze Orman advocate getting a second part-time job if that's something you can work into your life. And then there are folks working at making money online as a side gig: http://www.mydebtfreegoal.com/ I see you've got Adsense and ads up on this site, so you're probably already off to a good start. :) Lindsays last blog post..<a href="http://www.writingforyourwealth.com/empire-building/want-to-make-money-online-choose-thy-target-audience-wisely/" rel="nofollow">Want to Make Money Online? Choose Thy Target Audience Wisely</a> I think it’s human nature to want things to happen fast. Nature doesn’t really work that way though, heh.

I don’t have any debt (any more), but I’m in the position of working toward saving up a sizable chunk of money so I can get into real estate investing (the smart way… by having money to put down and being able to cover expenses whether renters are in the place or not), and it does take time. Focusing on something else (other projects) can help take your mind off paying down debt, and gradually it happens, and you realize you’ve really accomplished a lot.

Of course, something that helps a lot is increasing your income. A lot of people get stuck on the idea that the only way they’re going to make money is through a job, and that’s usually a fixed amount each month. Add a few other sources of income, and the debt will go down quicker.

I’ve seen Suze Orman advocate getting a second part-time job if that’s something you can work into your life. And then there are folks working at making money online as a side gig:

http://www.mydebtfreegoal.com/

I see you’ve got Adsense and ads up on this site, so you’re probably already off to a good start. :)

Lindsays last blog post..Want to Make Money Online? Choose Thy Target Audience Wisely

]]> By: Randall http://www.creditwithdrawal.com/wordpress/2008/07/28/paying-off-debt-science-vs-psychology-and-the-seventh-inning-slump/comment-page-1/#comment-2115 Randall Tue, 29 Jul 2008 12:20:55 +0000 http://www.creditwithdrawal.com/2008/07/28/paying-off-debt-science-vs-psychology-and-the-seventh-inning-slump/#comment-2115 @Blackneto, Definitely going to let things calm down a bit for awhile. I'll see how it goes in a few months on the new snowball and report back. @Greta, I do that rotating credit usage thing some too. It's one of the things I harp on with the family. ("I pay it off and it gets charged BACK ON!"). I might see about the credit arbitrage thing you're talking about, I've got most of the money on the lowest rate anyway I think, but there might be something I can shift around. @Blackneto, Definitely going to let things calm down a bit for awhile. I’ll see how it goes in a few months on the new snowball and report back.

@Greta, I do that rotating credit usage thing some too. It’s one of the things I harp on with the family. (”I pay it off and it gets charged BACK ON!”). I might see about the credit arbitrage thing you’re talking about, I’ve got most of the money on the lowest rate anyway I think, but there might be something I can shift around.

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