If you’re deep in debt, chances are good that you’d love nothing more than to get out of debt quickly. The good new is this isn’t an impossible dream. One of the simplest ways to take the fast track out of debt is by changing jobs. In this article, you’ll find a couple of ways to get out of debt quickly by changing jobs.
Be Willing to Be Unconventional
According to an article on AOL.com, Holly Bridges was desperate to get out of debt. For quite some time, she worked a job that only paid $1,200 a month. This situation made it difficult for her to get a handle on her debt. At one point, she learned that she was even too poor to qualify for debt management.
However, a job change, albeit an unconventional one, helped Bridges turn her life around. She became a truck driver. Aside from making a good living, this job situation had another financial benefit. She lived mostly on the road and didn’t need to pay for utilities or rent. She put the money she saved toward her debt and eventually became debt-free.
Redefine What Full-Time Looks Like
Anna Runyan actually managed to get out of debt – $80,000 in debt – in a year and a half by going part-time at her regular job. This seems counterintuitive. However, she explained that by doing this, it opened up her schedule enough that she could take on other jobs, including teaching at the local university.
While you’re evaluating your options, don’t overlook part-time options. You may just wind up with some new, better-paying jobs on the side that will help you pay off your debts faster.