Debt Management| Bad Credit Loans, Personal Loans, Getting a Loan

It’s human nature not to want to feel trapped, and being stuck knee-deep (or hip-deep…or even neck-deep) in debt certainly feels like being trapped. It’s not surprising that many people, when faced with the prospect of the long, slow path out of debt want to know “how can I get out of debt quick?”

The problem is, most of the time debt has accumulated over years—decades, even. And there is only one answer to that question: find the money to pay it off. No, seriously. Find a second stream of income, and dedicate that solely to paying down your debt. Where is that money going to come from? Here are five options.

1. How Can I Get Out of of Debt Quick? Take on a Second Job

This will be the most straightforward, surefire route. Take on a second job flipping burgers, delivering pizza…heck, mowing lawns in the neighborhood. Whatever you can do in what little free time you have. Chances are, even on a part time basis, you can bring in a couple hundred extra dollars a month, which will go a long way toward paying down your debt.

2. How Can I Get Out of of Debt Quick? Sell Something Online

Look around for a bit. Do you have a bunch of crap around the house collecting dust? You’d be surprised what someone might pay for it on E-bay. Can you draw, or are you clever with the turn of a phrase? Find an online store where you can create your own designs and sell them online–Cafe Press and Zazzle are two good options. You might even be able to sell your professional expertise and get moonlighting work at freelance sites likeGuru and Elance.

3. How Can I Get Out of of Debt Quick? Create a Blog Empire

For about $100 a year, you can get your own domain name and set up an unlimited number of blogs on various topics you know or are interested about. Incorporate Google’s AdSense program into those blogs, and you could bring in some decent money. If you use WordPress, and start with 12-15 good posts of 100-300 words each, you can then write a month’s worth of blog posts in about two hours, and schedule them to post every three days or so.

Try this: Pick your topic and break it down into four main subtopics. Each month, write two posts per topic and two posts about the general topic itself. If you can manage that, then you can easily run ten blogs at a time. Keep on focus, and you’ll start getting traffic…and you’ll start getting ad revenue as well. If each makes, say, $20 per week, that’s an extra $800 per month for about 20 hours of work.

4. How Can I Get Out of of Debt Quick? Article Marketing for Quick Cash

There are affiliate sites out there where you can earn money for driving sales of other people’s products, such as Clickbank or Commission Junction. Create a free website at GooglePages with links to the products you want to promote. Then simply write quick 300-500 word articles about topics related to those products. Submit those articles to submission directories, like EzineArticles, and include a link to your site in your Author’s Resource Box.

(”How can I get out of debt quick-er?”: You can also use Article Marketing to promote your Blog Empire, or the stuff you’re selling online. )

5. How Can I Get Out of of Debt Quick? Look for Grant Money

There are organizations (the U.S. Government, included) who are looking to give money away. Much of this money has stipulations attached to it, you have to be a woman, or a self-employed native American, or a red-headed stepchild of Burmese immigrants…some of the guidelines are just bizarre…but if you fit the profile, you can apply for the money…often just for asking, but sometimes it will be money to start a business (an online business, perhaps?), or to write a book, or to put your kids through school. But if you’re getting that money from somewhere else, you can free up your own money to pay down your debt, right?

The only answer to “how can I get out of debt quick” simply “make more money.” But the opportunities to do that from the comfort of your own home…and doing something that interests you…abound out there. Don’t get so caught up in “the money from my job vs. the money I owe on credit cards” that you’re blinded to the possibilities out there. If you dabble in all of this effectively and pick up a little bit here, and a little bit there, it can add up to some substantial help in getting rid of that debt.

Spend an hour or so on Google to find out more about each of these options. Then put one or more of them into play and see what happens. Or, you could just keep doing what you’re doing…

Danny Thompson is a freelance writer with nearly a decade of experience in marketing for and writing about the financial industry. Learn more about debt management, relief and personal finance at his new site Debt Reduction Secrets