Why You Must Increase Your Income

Elephant Why You Must Increase Your IncomeGrowing up, my grandfather used to love quoting Creighton Abrams. He would constantly tell me things like, “You can eat an elephant if you take it one bite at a time.” Now, as a kid, you can just imagine the thoughts running through my head when he would say things like that. I would literally imagine myself sitting there with a fork and knife!

Now that I’m older, however, I understand what he meant.

Great tasks take time. They take persistence, discipline, and motivation. They take planning and often accountability to carry it through to the end.

Something one of my mentors taught me early on is that starting your own business isn’t about the quick fix. It’s not about building the small little grass hut that will blow away when the first storm hits. It’s about building skyscrapers. That way it will weather the volatility within our economy.

This elephant advice is great for someone wanting to start their own business, lose weight the healthy way, or literally build an actual skyscraper. But what about the rest of us? This advice is terrible for someone trying to pay off debt!


Let’s get back to the real reason you are here. It’s not to read my ramblings about eating elephants and building skyscrapers. It’s about how to get out of debt and to do it quickly.


When overcoming the debt trap you need to build some momentum ASAP. You need to take it to the MAX, turn the volume up to 11, and jump in with full guns blazing!

The longer you are in the battle to become debt free the harder it is to stay motivated to push through to the end. So we need do everything we can to shorten this battle and obtain our ultimate victory as quickly as possible.

It’s most likely going to take some time, maybe even a few years to get this knocked out. However, the faster you get some extra income rolling in, the less time you are buried in the trenches.


According to Statisticbrain.com of the Americans who actually make New Year’s resolutions:

But as far as the success rates go:

  • “48.4% have infrequent success
  • “42.4% have never succeeded and have failed on their resolution each year”

The reason I bring these statistics up is because we always rush in with the best intentions but we never count the cost of what it’s going to take to make those resolutions, goals, or dreams a reality.

It’s not just at New Years.  Every payday we are evaluating our financial situations.  Every payday there is a little something inside of us nudging us to make some serious changes, it’s time to stop ignoring it.


Unless you look into a debt relief program, which normally presents an average time-frame to become debt free, you will be shocked at how long it could possibly take to get out of debt…especially if all you can afford to make are the minimum payments. Even with debt relief programs if you lack the proper discipline to not add additional debt during that time-frame you will still be in far longer than anticipated.

When my wife and I took stock of our debts and how long it would take to pay them off while only paying the minimum payments we were completely shocked!

If you look at your credit card statements, many of them will tell you how long it will take to pay off if only paying the minimum payment each month.  It will usually tell you the absurd interest rate you didn’t know you were signing on for as well.

It can take a long time to get out of debt, especially when you are only making the minimum payments. So you really need to kick it into overdrive and do this as quickly as possible. Minimum payments WILL lead you to serious BURNOUT! You’re probably already there!


My wife and I were drowning in debt for nearly 20 years! We knew what we needed to do. But we kept ignoring the reality of our situation. We didn’t want to work overtime, find a second job, drive the old beat up car, or cut back on our eating out and all of the fun stuff. But at the end of the day, we finally realized that if we ever wanted to break free we had to make some serious changes and fast!

Those changes are far beyond cutting things out to help “balance” the budget. We needed to create a surplus. The larger the surplus the more debt we could pay off each month and bring us closer to our goals.

To do that we needed to be looking for ways to earn extra, and multiple sources of income!


The absolute biggest inspiration to both me and my wife when it comes to our finances is Dave Ramsey.  His program was offered at our church and we attended Financial Peace University.  It completely changed our life and how we thought about money, finances, etc.  The price is a little steep, but when you can afford it, I HIGHLY recommend buying it and going through his video series.  At the very least you should check out his book Financial Peace Revisited.

The reason I bring this up is because he talks about something he calls “Gazelle Intensity”.  The wisdom he offers comes straight from the Word of God.  In Proverbs 6:4-5 (NASB) it says this:

Give no sleep to your eyes,
Nor slumber to your eyelids;
Deliver yourself like a gazelle from the hunter’s hand
And like a bird from the hand of the fowler.

“In other words, when you’ve gone into debt, when you’ve co-signed on a loan (the topic of Proverbs 6:4–5), when you’re in over your head with money problems, you need to work as hard to get out of debt as a gazelle works to run from a cheetah.”

~The Dave Ramsey Blog~

So what about you? What kind of intensity are you developing in your journey to break the shackles of debt? Are you running like the gazelle towards the prize of freedom? Are you turning the volume up to 11? If not, what’s holding you back? Leave your thoughts and comments below.

2 thoughts on “Why You Must Increase Your Income

  1. Thanks for this article,

    I have been fortunate enough to stay out of debt myself but I know how debilitating it can be. Not to mention wasting years of your life cutting back on the things you love so you can pay it off. Not fun at all. This is why I am starting my own online business and using Wealthy Affiliate to learn how to do so. The Bible never fails to offer conventional wisdom on how to get things done. No slumber in your eyes=grind, grind, grind until the job is done.

    • Thanks for the comment, Zach. That’s awesome that you’ve been able to stay out of debt. I frequently tell myself, “If I could only go back in time and have a conversation with my earlier self, things would be totally different.”

      As far as cutting back on everything, it seems like I got stuck in that “trap” for several years. You’re absolutely right…no fun at all. That’s when I decided there had to be a better way!

      I was so excited when I found Wealthy Affiliate! I was tired of finding scam after scam. Now I know that success is in my hands alone and not some boss who doesn’t really care about me one way or the other.

      No quick fix, but there is a “quicker” way. That’s why I always recommend doing both for a period of time. Cut back on the “fun” stuff AND start building your skyscraper. Then, in the end. You get both. Financial freedom and you are doing something you love!

      You are right about the Bible. In general, I don’t push a lot of Scripture on here because that’s not what people come here to find. But there are SO MANY Scripture verses on money it’s crazy. That alone will help people get everything in order, not just their finances.

      Have a great day, Zach and once again…thank you for the comments!

Leave a Reply

Your email address will not be published. Required fields are marked *