Great, but when you get right down to it, those explanations do not really give a clearly understandable definition of money and that lack of understanding is what makes a lot of people stranded when it comes to making money or making more money.

Money is value. Simple.

The more of value you can give at a price tag, the more money you have. Let me try to make it clearer.

Lets run back to the days when man was without shoes. Everyone walked around bare-footed, then someone thought and wondered if it would be possible to create something that protects the legs and somehow the shoe as we know it today was invented. Put it together and the shoe becomes value – which is why there are today multi-nationals in the business of shoe making.

When you understand money in this light you suddenly realise that you probably have been running after it in a wrong way – thinking of money as “paper” you should earn more of instead of as value you should provide more of.

To make more of money, look around you and see how you can add value to the lives of people around. Think of products and services you can create that people can pay for at a price tag. Consider the following:

When cars came, people suddenly needed car washes.
As people got busier with their careers, babysitters became needed.
When TV stations sprang up, reporters were needed more.
Computers have made computer game programmers a lot of money.

To earn a lot of money, think about how to add value to people’s lives. It can be as an added value to an existing service or product. Think of paint on the walls of a house. Without the paint, the house will be fine but the paint adds value. There are a load of services & products like this. Or your value can come as a skill that is required by employers etc

Remember, MONEY is value and to make more of it, think value.

Here are 3 action steps to help you get out of debt:

1. Be Honest With The Present Situation

The bad thing about debt is that most people in debt don’t realise it until when it is way, way too deep. The first thing you should do is to analyse your present situation and know how much in debt you are at the moment, then accept the fact that you are in debt. Once this is done, you immediately switch your consciousness to recognise the fact that habits, lifestyles and any such thing that will get your further into debt has to stop and this is one of the major leaps towards recovery.

The worse situation ever is to be in debt and still accumulate more either consciously or otherwise. If this goes on, when will you get free?

2. Take Stock & Create A List

Who and who do you owe and how much? Draw out your pen and paper and create a list of everything you owe and who your creditors are, then re-arrange the list to show the most urgent of these and go down to the least urgent.

Next, list how much you have as cash or asset and this means everything you can quickly turn to cash. For example, you might have a skill that is in high demand like ability to design websites, do programming, offer consulting etc

3. Create a Repayment Plan

Take a look at your earnings, consider what you can offer for quick cash using your skills and assets and start a repayment plan. One way to ensure peace of mind is to speak with your creditors and let them know there is a problem and that you are willing to pay. Negotiate more time where possible and start working to do the repayments as agreed. Most creditors will accept to get paid in bits if you speak to them.

4. Make Money Money if Possible

This may mean extra work, but hey, you are working for your freedom and you should do everything possible and legitimate to work out of the situation as fast as possible. One great way to make more money quickly is to offer your skills & knowledge for sale. If you can write, find freelance sites and take writing jobs. If you can design, do the same. If you feel you do not have any skill, go around your neighbourhood and offer to baby sit, clean for your neighbours, walk the dogs – just do something extra to get you out of debt.

5. Stay Out of Debt

Getting out of debt is great but it is extremely easy to get back in as fast as you never thought possible, so once you get out or as you work your way through getting out, make sure you watch it and do everything possible not to get back in.