Get out of debt quickly: MY HIT LIST

tackle the week ahead. Today we're going to be talking about credit card debt, how to pay off that toxic credit card debt quickly and easily and have fun along the way, and learn a lot about yourself so that you never repeat history. And I'm also going to show you how to include the thousand Dollar Project to help make this process as a fish and pain free as possible.

But before I begin, just a quick little bit of compliance, I need to remind you that all of my content, whether it be a YouTube video, a blog post, a podcast, something you see on Instagram, everything of mine is general advice. Only. The reason why is because I don't know anything about your individual situation. I don't know anything about your financial goals, your fincial responsibilities and liabilities, your risk profile, and of course all the deadlines that you have for your financial

goals and dreams. So if you're ever listening to me talk about a particular financial strategy or a particular financial product, please know that it's not personal advice. And if you feel like you need to get personal advice, always and only reach out to a qualified and licensed financial planner that can give you personal advice. All right, let's get

cracking with credit cards. So if you are listening to this and feeling a little bit uncomfortable, a little bit inertia, feeling almost like a trigger, well, I'm gonna be honest with you, it's probably because the truth hurts deep down. You know, you need to confront your issues of credit

card debt in your life. So if there's a pushback or you know, some sort of feeling of discomfort, please know it's actually a good thing, because you're going to come out of this podcast wiser, smarter, and hopefully really inspired and motivated to kick that credit card debt out of your life for good. Why is a credit card debt so bad? Well, think about it. There are a lot of toxic emotions that come with credit card debt.

I'm not talking about people who use credit card in a responsible way that they might have, say two thousand lls only on their credit card, but you know it's not the end of the month yet and their bill hasn't come through. Those people who pay it off and for each month, that's fine to use a credit card. And I actually have no problem with using credit cards. I have one credit card and I use it correctly, and I don't create debt. But the problem is when

it's being abused. That's when it becomes toxic. And if we really be honest with ourselves and we look at credit card debt and think about the emotions behind the credit card debt, they're pretty horrible. They're are very energetically depleting emotions such as guilt. You know, I don't need to rub it in your face. If you're in credit

card debt, you know this. And the thing about credit card debt, and this is even a good people who pay their credit card off in full each month, is can you ask yourself what did you buy to get into that credit card debt? If you were in say seven thousand dollars with the credit card debt? What was it that you bought that added up to seven thousand dollars? I guarantee you won't be able to list and remember every single item that got you into that, say, seven

thousand dollars worth of debt. That's pretty confronting and pretty disturbing to think that toxic damage in your financial well being. You can't even actually articulate or calculate or remember what it actually was. I'm sure there may have been excuses such as, you know, I will I had an unexpected dental bill, or you know I had a well, maybe something happened to my pet. The truth is you didn't

have emergency money to stop that from happening. So you've really got to be honest with yourself because this is when the best and most powerful growth and transformation comes. So stop the excuses. Admit to yourself that you're living beyond your means. You're not being mindful and aware and taking control of your financial bill being, and you're not taking your financial life seriously. Something's got to stop. If you want it to be better, you want it to

be different, you want it to be healthier. So once you've had a look at the real emotions you're experiencing and even write them down about how you feel about your credit card debt, and also write down all those excuses that you've been justifying to yourself about the credit

card debt. And what I'm going to say I'm going to mention in particular, is occasionally people say to me, oh, yes, I've got like, say, twenty thousands the credit card debt, but at least it's not as bad as my friend who's got like thirty That's like saying, well, I'm a smoker and I'm only smoking, you know, fifteen cigarettes a day. My other friend smokes twenty five cigarettes a day, Like, no, you're still a smoker. That's really bad for your health.

It's really damaging your health, and you go into you know, shorten your life expectancy and make you incredibly ill and potentially with huge you know, financial and mental and emotional repercussions. So don't compare yourself to anyone. And that also goes from a wealth accumulation perspective. You know, you're on your own path. Don't compare yourself to anyone, Otherwise you're only going to be as good out or as bad as

that other person. All right, So, once you've written the list of the truthful emotions you're experiencing, when you look at your credit card statements, you look at how much money you owe, you think about those excuses you're coming up with. Write them all down so that you are facing them head on. I know it's uncomfortable. I know there's gonna be a lot of emotional triggers that come up. But I promise you it is so worth doing this

because this is where the change happens. The next thing I want to do with you is it's a lot easier this one. I promise you you'll start to feel pleasure and enjoy, and that is I want you to imagine a life where you don't have any debt. You pay for things in cash, or if you use your credit card, you know that you're immediately going to transfer that money onto the credit card, so you have a you know, you never actually have an outstanding balance on your card.

Think about how empowering that feels, how in control, how healthy, how energizing that feels. Just using only what you've got,

not depleting your financial resources. You know, imagine what it feels like to even see savings in a separate account such as an emergency savings account, or even better, think about what it feels like to see that you've actually got investments, You've got a share or follow you and you know how to add to it, and you know that your superinnovation is also organized, or you know that you've got a very exciting financial goal going on with

a separate, dedicated savings account, such as you know, saving up a deposit for a home loan. These are things I want you to think about because these are things that are perfectly within your reach when you are credit card debt free. Think about the feeling of freedom, liberation. These are all really uplifting and re energizing emotions. And if you go back to that list of the toxic emotions, you see how they just completely trump all those horrible emotions.

They add to your well being. They add to your vitality, your energy, your epervescence of life. That's what we want to focus on, and that's why we need to get this credit card debt out of your life for good. So this is what I want you to do now that you've done the groundwork looking at your mindset and your attitude, because you actually realize now, all right, I've got to take control of this and get out of

this type of debt for good. So the first thing I want you to do is grab a piece of paper and a pen, and I want you to write down, from the top of the list the smallest amount of debt that you owe all the way to the biggest amount of debt. So this would even include people you

might owe money to. So you might owe, say, for example, a parent two hundred dollars, and then you're right, Visa eight thousand dollars, and then all right, you know another in credit card, you right to say, MasterCard twelve thousand dollars. See how I'm starting with the smallest debt at the very top, slowly getting bigger and bigger, and writing exactly who I owe money to. So this is the start of your hit list. You're going to become an assassin.

You're going to work through your hit list and knocking each of those people in your lives or institutions that you owe money to. I want you to carry that piece of paper around, look at it all the time, and think about how you're going to get these debt halls out of your life for good, and we're going to start nice and easy and simple with the person on the list at the very top that is the smallest amount of debt. Now you might be wondering, hang on, Canna,

this doesn't make sense. If you google how to get out of credit card debt, everyone says start with the person or the institution that has the highest interest rate. Yes, that is technically correct, and this that is completely the financially the savviest thing to do. But this is where I kind of differ. I'm I'm very much about the psychology of money and about doing something that you're going to feel committed and connected to so that you actually

pay that debt off for good. So whilst this may cost you a little bit more in interest, I promise you you'll feel better about this because you'll see the progress. You'll feel inspired and motivated to keep going. So what I want you to do next is look at your budget you've got and look at what your living expenses are. Now,

if you've never done a budget, please don't panic. Just head to the sugar MoMA website, subscribe to our newsletter, and you will get a free budget template for you to use to get started in doing your own budget and everything is selected there, so it's really quick and easy to complete. I've thought what I want you to do is also factor in repayment plans. Minimum repayment plans, that is, for each of those debtors. So you might have a ten dollars a week repayment plan in place

for one person. You might have a two hundred dollars per month repayment plan for a credit card institution, for example. Put those in your budget now. By looking at your budget again, this is a bit of a fronting experience, but it's going to allow you to see your true

cost of living, where all your money goes. And it's also going to help you identify things that you simply waste money on, things that you don't value, you know, taking buying lunch every day in the city, or you know, buying fast fashion like you or getting a takeaway coffee every day. It's going to allow you to stop and question the value. Now if you look at something and go, you know what I value that coffee every day on my way to work. That's fine. Keep it in there,

because obviously you want to keep balanced. I want you to you know, I don't want you to punish yourself in doing this. But you need to be honest with yourself and say, all right, well I like it, I value this. But instead of getting a coffee every day, I'm going to get one just on Thursday and Friday as a reward to getting through the end of the week. I'm not here to tell you what to cut out and what to cut down. That's for you to do. That's your business and you only you can identify what

you value. But you never know what you might discover along the way as you go through your budget. So as you've set up all those minium payment plans, you put them in your budget, you've looked at really expenses, and you've gone through and reduced or cut out any of your living expenses that you don't truly value. I want you to proactively identify those potential savings, and I want you to take any extra money that you are able to save, such as you know you decide to.

I'm not going to spend one hundred dollars a week on lunches at work. I'm going to take my lunch to work, say three days a week, which works out i'll say fifty dollars per week, and doing that that fifty dollars I want you to proactively take and transfer to the person that's on the top of your list. So the moment you have transferred that money, and I want you to do it in an ad hoc, proactive way, so that you get that money out of your account before you get tempted to spend it, and you honor

and respect the responsibility of paying that person off. You then go and update your list, and you do the same thing the following week. You make the save the fifty dollars or whatever the money might be, and then proactively ad hoc transfer to that person. Update the list. Now we'll do this until that person is completely paid

back in full, including any outstanding. In the moment they are paid and there's no money owing to them whatsoever, you can have the pleasure and satisfaction of crossing them off the list. You then move on to the next person on a list and you do exactly the same thing. You use all the same side hustles and hacks and

budget tips to pay that person off. Yes, you're making irregular ad hoc repayments, but the thick trick is is you're getting that money out of your account before you can potentially spend it, and you are reducing that debt. And every time you do this, you update your list and you look at Okay, well, gosh, my overall debt is no longer fifteen seven hundred, but it's actually fifteen two hundred and fifty. Wow, I'm making progress. This refeels

really really good. And this is where the thousand dollars project can come in because you look at ways to bring in open up the floor you could say of earning, manifesting, creating, hustling, saving extra money in your life, and you focus on doing these impararcels of one thousand dollars at a time. So obviously you keep going with your repayment strategy. You have your minimum payments in plan which are programmed in

your budget. You're making ad hoc repayments. And if you want to add the element of the thousand dollars project, this is what you do. You have a separate dedicated to savings account and you look to hustle, save, manifest create extra money in your life. As on a side note, so for example, you might go through your wardrobe and you'll go and sell a whole pile of stuff online.

Might be and you might even look at doing some babysitting work, some dog walking, some house sitting, even a weekend job, or start looking for a pay rise or a promotion or a new job, anything you can do to bring in some extra money in your life. And if you grab a copy of Mindful Money or one thousand Dollars Project, or even watch my videos for free online on YouTube, you can see all the different things I've done to come up with a thousand dollars a time.

So you put money into that account, and I know it might sound silly, but you might say, okay, well, guess what this weekend I had a really free will when Netflix and Chill and I didn't spend eighty dollars, show what it would have spent. So you put that in a thousand dollars project account, and the moment that account hits one thousand dollars, you make a lump sum repayment to the people on your hit list, of course,

targeting the person at the top of the list. We're making great progress, really efficient, powerful progress of knocking it off one thousand dollars at a time, and now you can say that you only owe say thirteen hundred dollars to master Card instead of two thousand dollars. Now that feels really good seeing those powerful lump sums coming off your total debts. And as I said, you always track a monitor this so you always add up the total amount of money you owe and update it. Go great.

Now my debts are down from originally we're fifteen thousand, seven hundred. Now they're down to hundred and fifty. And now with this lump sum of one thousand dollars, they're down to fourteen two hundred and fifty. Wow, I'm making progress. I'm changing history. I'm doing things differently. This is working. This feels good. I'm getting back control in my life of my spending habits, and I'm learning a lot about myself along the way. I'm excited about being debt free.

These are powerful things you need to realize along the way. Remember you're assassin. This is the hit list strategy. Now along the way. If you need to give yourself mini breaks or even mini rewards along the way, that's okay, I'm not This is not about punishing yourself or being mean or depriving yourself. Okay, It's about coming from a

place of love, kindness. But also respect and responsibility. So you might say to yourself, Okay, I've gone really hard and fast, and I've not you know, say four thousand dollars off my say sixteen thousand dollars of debt. If you feel the need emotionally and mentally to take a little break, and you know say okay, all right, I'm gonna give myself a reward, then do it. Just make it an intelligent reward. Don't go and undo all the hard work by going and buying a thousand dollars handbag

and getting back into debt. Have that reward obviously paid for in cash, and ideally make it a non financial award. Make it something really nice to yourself, like taking yourself, you know, for aiful walk, or giving yourself a hot bath, or borrowing a book from the library, or having a weekend where you do something different for yourself, or going to a yoga class. We're going and getting something really free, I guess frugally friendly, like such as a you know,

a manicure and pedicure, spa treatment. Just make sure it doesn't undo the damage, or if you're getting safe, for example, a massage. When you're getting this message, remind yourself. The reason why I'm getting this message is because I'm working on my goals and I'm making progress, and this is my reward to myself. And once this is finished, I am going to pat myself on the back and get back on the bandwagon with the next thousand dollars that I'm going to knock off my debt or the next

person I'm gonna knock off my debt. Because remember you're an assassin. This is the hitless strategy, and if you want to do as I said, you're using one thousand dollar projects to make this experience even faster. Now, there are a couple of other things that really help as well to make sure that this really happens, and that is to share your debt free journey on social media.

There are a lot of people out there doing and if you have a look on my Instagram account Sugar Mama TV, you'll see who I'm following because I follow a huge amount of people from the debt free community around the world. So have a look and see who I'm following. It's really interesting and even though I'm not someone in credit card debt, I find it really inspiring motivating because it inspires me with my own vesting goals and it inspires me also with helping pay off my

mortgage as quickly as possible. But by putting something on social media where you tell people and you share with people, Hey, I'm in fifteen thousands of a credit card debt. I'm going to try and pay it off. You know, by the fifteenth of December twenty twenty one. You're making yourself accountable. There are people watching you and they want to see you succeed, and you feel responsible to prove them. And that's one thing I haven't touched on yet, and that

is the importance of having a deadline. Never ever set a goal with the deadline that's okay, in three months time, I want to have paid this off, because you're always going to push that deadline three months into the future. You're always going to be pushing it forward, like the opposite of this chasing your tail. But when you put a deadline with a date, a defined day such as the fifteenth of November or the seventeenth of June, or you know, whatever it might be, you're actually you realize

that time is ticking. You've got to get pull your finger out and get cracking. Actually, see that debt come down, I promise you you'll find yourself so much more focused to beat the deadline and to get this goal ticked off, you know, as soon as possible. And this is how I set all of my goals, not just financial ones, but even like my lifestyle goals, my fitness goals. If I say, okay, I want to be able to run for like by four kilometers without stopping, I'll have that

goal to be achieved by a certain particular date. And I definitely see a huge shift and improvement and success in achieving those goals. Now as you are going through the progress I want you to, you know, paying off your debt and feeling good and seeing it coming down. And look, it's not going to come down consistently one thousand dollars each week. You're going to have bursts of you know where you're like, wow, I'm really smashing this goal,

these goals. This is great. But then you're also going to plateau. Just like I talk about the ocean, and sometimes there are big waves. Sometimes there's a beautiful ocean. You're in the green room catching these incredible waves, and then sometimes it's dead calm and you're just platateauing and it can feel nice, but it also can feel frustrating. That is perfectly normal. That's life, and that's not even

a debt free life that or debt free journey. That's life when it comes to savings up for something particular. And that also comes with when you're trying to say invest all the time. Like when I'm working on my investment goals, there are times in my life where I'm like, damn, I've got no spare money to invest. This is really frustrating. Or Damn I thought I was going to have money to investment. It's got to go towards this expense now instead.

You know that that's life, and there are times I'm like, wow, I didn't expect that to happen. Here's lumps that can put towards my share poor follow That's life. You've got to learn to work with it. But what I think is really really important is you start to think about beyond the debt free life. Start thinking about what you'd like to achieve financially when you're debt free once that credit card debt's gone, and start to get excited about it.

Start to think about, wow, once some debt free I'm going to build up that emergency savings account so that I sleep well at night, I never need to worry about ever getting back into debt again. And if any unexpected expense comes my way, that's fine, because I've got five, ten, fifteen, twenty thirty, whatever it may might be, forty thousand dollars in a separate savings account to always keep me out

of trouble, to make sure I never repeat history. Because remember, guys, you're listening to this because you want to get out of debt for good, and you want to stay out of debt for good, and you want to feel good about your financial situation. So start thinking about how are you going to do this? How much money do you want to have it in a savings account, Where do you want that savings account to be. How quickly do

you think you could potentially save up that money. Start to empower yourself and motivate yourself, inspire yourself to think beyond life. And the really cool thing about being debt free is you are no longer coming up with all this money having to just having to give it away to your previous mistakes or spending habits or toxic habits.

You actually get to keep that money for yourself. So instead of you know, transferring, say that thirteen hundred dollars towards MasterCard, when you hustle some money or save some money, that thirteen hundred dollars gets to stay with you. You get to add it to your net wealth. You get to feel really good about it. You're not having to chase your tail or feel like you're on the rat race.

You know, hand to mouth as it goes from you know it's not necessarily in the hand to mouth it's hand to debt, or you know you are doing things differently. You get to keep that money for yourself. You get to hold on to it, you get to salvage it, you get to see it accumulate and grow. These are all really empowering things to see as you see your account balance or your savings account balance increase in value, or your investment account increase each time you've got more

money to invest. This is the life I want you to be thinking about. This is where I want your focus. So this is where I want your attention. This is where I want you to feed your inspiration and motivation

to do things differently, to do things better. You should feel excited about that, and this will hopefully drive you to put even more things in place to be you know, frugal, or to hustle extra money in your life, or to come up with some sort of fun, fun challenge to get these debts out of your life even faster, and ride with it when you're feeling better. It inspired sees it allow that to help you smash your goals sooner,

faster and more efficiently. And always, always, always open yourself up to the lessons and the wisdom and the advice that the universe is trying to tell you about yourself and about your debt free journey. Perhaps it's you know, a humbling experience where you realize, okay, I've been living beyond my mean Learn from this, because that's when the shift happens. That's when powerful growth happens. And then you start doing things differently and you feel different, you feel better,

and the proof is in the pudding. You're going to see your debts coming down, you're going to see your savings going up, You're going to be really embracing life. And I tell you what, there's so much I've seen this so many times where people I've coached out of debt. Their life is seems so much happier and healthier. They have a glow about themselves. Their weight comes down as well,

which is really interesting. They're starting to explore other areas in their life, so you know, they're not shopping as much. They're embracing a new hobby or a new fitness or sport, or you know, their social circles are expanding, or they've developed,

you know, come into a new spiritual growth. You know, it's really interesting to see when people actually, I guess, rip off the band aid of living a toxic life and debt, seeing the wound for what it is and really starting to heal properly, allowing that woman to heal, allowing that scar to repair itself, and for that skin to turn back to that resilient, beautiful skin that can see the sunlight, breathe the fresh air. The key things

are review your budget all the time. Don't just do your budget and think you don't need to touch that for a year. That's not true at all. You must always review your budget on a regular basis. There are always new expenses trying to creep in the lifestyle creep, and there are times where you're going to have to update it and make changes because there are new responsibilities and commitments in there, whether you like it or not.

You know, Rock has just started art classes and they're about four hundred dollars these art classes every three months, I think, and I had to adouptdate our family budget to make sure that I accounted for that in there. Also, both my kids are growing in a rapid rate. I have to every now and again look at the budget and go, Okay, I'm gonna have to be a bit more tight here so I can make sure they've got, you know, clothes that they fit into. And of course,

always look at your side hustles. Talk to people about your side hustles. So many of the best side hustles I have from doing a thousand dollars project is from other people, from people telling me about, oh, you could do this, or you couldn't do that, or I need to introduce you to this person because they're looking to get some extra help here and they could potentially pay you.

Talk about your side hustles, look at ideas, get it out there that you have a side hustle, because someone will want your service or your product or your help where you're offering The amount of people I've spoken to recently actually that have started doing tutoring helping busy families

with their kids' homework is incredible. One person I know in particular, I think it's making eighty dollars an hour, you know, helping their kids get through their homework, and the I was like, oh, wow, that's quite a lot of money per how but they're busy, They've been booked up by other parents who are, you know, time poor, and they don't want their children slipping behind at school, so they're paying this person to help them get their

homework done with all their projects and assignments. And I can completely understand that because I know how hard my is for myself it is to get your child to sit down and listen and lone do their homework. And I have to say sometimes I look at the homework and like, I don't understand what you have to do here, which is really embarrassing to say that. But anyway, there are so many side hustles out there that you can do, like open up your mind, like it really is quite

incredible the opportunities there are out there. And then, of course, as I said, educate yourself as you start to think about the next financial goals you want to achieve, you know, beyond paying off this debt, the savings that you want in your life, the investment goals, even maybe the passive income goals. You want to start working in your life, or you know, the goal and dream of owning your own home one day. You want to start saving up

that deposit, which is really exciting. You want to start thinking about retirement. Educate yourself obviously, make sure you're really careful as to where you're getting your education from. Be very careful of the thin influencers all over social media, becau.

There's a lot of them with really dangerous bad advice, and there's a separate podcast about that's about this anyway, but it is importantly you educate so so you understand, all right, the moment'm debt free, this is what I need to do, and this is the best way of

doing it. And talk to people. As I said, share your goals, share what you're doing, because you are going to inspire other people and you're part of a very powerful ripple effect where we're all debt free, we all have emergency savings, we all use our credit cards or even I have no problem with buying now, pay later. When it's used responsibly, you know, to to run our lives efficiently so that we're not bogged down and stressed about money. In fact, if the polar opposite, we embrace money.

We embrace and respect the freedom and luxury and choice that it brings in our lives. You know, we treat money in the right type of way. We know how to keep it, we know how to grow it, We know how to use it responsibly. We know how to use it also in a powerful way, so when we do use money, we're using it for the benefit of the community, are well being, and even the planet, particularly when you think about the environment and charities. So please note this is you don't have to be in debt.

You can do something about it, but make a decision to do something about it today. Put action in place starting today. Write down all those toxic feelings that you're experiencing from being in debt. Write down what it would feel like and all the emotions you'd experienced if you didn't have that debt in your life. Next is you write the list of who you owe money to and exactly how much for starting with the smallest debt, all

the way to the biggest. Make sure you have a minimum payment plan in place for each of those debtors, and work on your hit lists. Look at ways you can save extra money and earn extra money, and the moment that money comes into your life, transfer it as a lump sum ad hoc repayment towards the person at the top of your list. Regularly update your list and don't stop. Keep going, and if you need to have mini breaks along the way, just make sure that they're

effective breaks. They recharge your batteries, reinspire you and reinvigorate you to get back on your debt free journey, and keep going. Don't stop until you are completely debt free, and the moment you're debt free, set up a separate emergency savings account so that you never ever get into debt again. Make sure that you have the correct amount of emergency money in place. And for people who thinking, hang on, can I how much emergency money do I need?

We'll grab a copy of Mindful Money, because I just share with you exactly how to work out the right amount of emergency money for you and build that up and think about the next funcial goals beyond that. Your fincial situation is always evolving and growing. There are always opportunities around you, and you always have a choice, So embrace being debt free. I promise you will never regret it and you will feel so much better about yourself. All right, everyone, thank you so much for listening to

Sugar Mama's fire Play podcast. If you have a spare moment, I would greatly appreciate it if you could leave a rating and a review, and of course, please feel free to send this podcast to anyone you know that needs to hear it, who is living a life in debt and wants to do something about it and knows enough

is enough. All right, everyone, have a fantastic weak ahead, and don't forget to make sure you're following me on Instagram at Trigamma tv and of course at Canna Campbell Official if you'd like to see what I'm up to in my normal, everyday life juggling children and pregnancy and Giuseppe and my crazy nutcase hoard a partner Tom and of course the capsual Wardrobe Fashion, where I try and share with you as many pre loved outfits as possible,

as well as we're in beauty hacks. All right, everyone enjoy the weak Ahead, lovely speaking and connecting with you. See you next Monday. For more podcasts, Choo for now,