Unique Idea on Where You Might Drum Up Additional Cash
So where might you find the extra cash to apply to the pay-down of high-interest debt?
It Pays to Get Off Your Assets
Do you have any idle, non-appreciating assets that are doing nothing but collecting dust?
If so, why not convert them into cash (sell them) and apply that extra cash to pay down your highest interest debt? You'll be amazed at how even a small one-time principal payment can add up over time.
Once you pay off your debt, you might be able to buy back your sold assets with cash using your interest savings ... with money to spare!
Buy Low, Sell High (as in "price")
Of course, to get the most for your idle assets, be sure to sell them during their peak selling season (high demand).
In other words, sell boats and motorcycles in the spring, snowmobiles and skiing equipment in fall, and so on.
A friend of mine, Bruce M., actually makes a nice living buying used goods from desperate sellers in off-peak seasons (low demand), and then selling those goods to desperate buyers in the peak season (high demand).
Another friend of mine, Dennis N., makes a great living buying used appliances from apartment complexes and reselling them to individuals for 10-times what he pays for them.
I could go on, but I think you can see how the sky is the limit when it comes to turning assets (yours and others) into financial freedom -- especially if you use the proceeds for paying off your debts.