Where is Debt in Your Life?

I know that may sound like a silly question, but it is one worth asking yourself and answering. Beginning the journey to true financial freedom often requires one to take a long hard look in the mirror. Until one accepts the fact that their current habits are not helping them financially, it is impossible to move ahead with a debt elimination strategy.
The following questions help provide a stark reality check. They are not meant to be judgmental, but are simply intended to help you objectively assess how involved debt is in your life. When you answer these questions and take an honest stock of your current situation, you take the first steps toward true financial freedom.

1.  Do you know the total money you owe? 

2.  Do you use credit cards to get the mileage or other bonuses? 

3.  Do you ever use credit cards for household expenses (groceries, etc)? 

4.  Have you paid bills late or skipped payments? 

5.  Have you taken cash advances on credit cards to pay other bills? 

6.  Do you have any credit cards that are at their limit? 

7.  Do you argue often about money with your spouse? 

8.  Do you ever make minimum payments only? 

9.  Have you refinanced your mortgage in the last 3 years? 

10. Have you ever gotten a debt consolidation loan?

If you answered yes to any of these questions, then debt is a major part of your life. One last question, what do you plan to do about your debt? If you don’t have that answer right now that is fine. I have a suggestion, stop thinking about your debt and start thinking about wealth. I know you think I am crazy, but hear me out.

When you think about debt, you’re inviting thoughts of despair, poverty, and the feeling of being overwhelmed. This forces you to think about putting in long hours and makes you believe that you’ll be paying your bills endlessly, which is a painful and miserable experience.

On the opposite side of the continuum of debt, you have wealth. Of course, earning money is a better experience than paying people whom you owe. When you focus on earning money, your debts will take care of themselves. Focusing on wealth leads you to have pleasurable, prospering, and powerful thoughts.

If debt is a major part of your life, let’s chat about it. Let’s get you on a fast track debt-elimination plan. Book a consultation with me and I’ll help you kiss debt goodbye!

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