As you work this plan, things will change for you rather quickly financially. You will find that you have more cash at your command within months. That's the goal of this plan, to put you in charge of your money. Financial Freedom means that you get to decide where your money goes on a case by case basis instead of promising it away for the next 20 years.
Back to your TV. In our example, we had $100 in cash left after we paid utilities, food, and the bills. Let's say that you applied this $100 toward your smallest debt. How long until it was gone? When it was gone, you would be able to add the money you usually use for that bill into your cash. Then you start putting it toward your next bill and pay that one off. We'll go into more detail on examples later but let's say that after doing the plan for 4 months, you now have $200 in cash that you are applying to bills.
And you decide that it's time to buy that $1,000 TV. Now you only have to save money for 5 months before you can buy it. That's pretty good. Not great. But good. Not instant gratification but at least it's not a year.
What if you were into the plan 8 months and had $500 in cash that you were using to pay off bills when you decided to buy a TV?
Tomorrow: instant gratification