If your current financial situation includes debt, you are not alone. In fact, in many parts of the world, having some amount of debt is more common than being debt-free. The question that seems to elude many is, “How do I get and stay out of debt?” writes business mentor and wealth creation expert Simone Milasas.
As someone who has walked that path, going from $187,000 of debt to owning and operating businesses, acquiring properties in various places around the world and thriving financially, I know that it can be done. I also know that if I can do it, you can too.
These are my top four tips on how to eliminate debt, go beyond any money problem you think you have, and into the true abundance that is possible.
1. Stop ignoring your finances
How were you with money, growing up? Were you educated about money? Was money talked about? Or was it hidden? Ignored? A topic that was avoided?
If you came from a family that avoided the topic of money, you may find that you have carried that over into adulthood. The problem with this is that ignoring your finances does nothing to change them. If you would like something different, you have to be willing to take a look at where you are today. Not from a place of judging you. Rather from the place of, “Here’s where I am. What’s it going to take to change this?”
Once you are clear on how much debt you have, work out how much extra you would need to pay each month towards your credit card debt to be out of debt in 12–24 months. If you have more than one credit card to pay off, what are the possibilities of consolidating your debt?
2. Discover what YOU desire
Have you ever really asked yourself what it is YOU desire? Most of us look at the people around us, look at their lives, look at what they are choosing, what they say is valuable, what they say we should want. Where are you in that computation?
Stop looking at what others say you should desire and be honest with yourself. What is it that you would like? If you could have, do and be anything, what would you choose? What would you like your financial reality to be? How much money would be fun for you to generate and create?
When I first truly started asking what is it that I desire as my life, I was given one of the basic tools from Access Consciousness for changing my reality with money, which is the tool of creating a 10 per cent self-honouring account. A 10 per cent self-honouring account is where you put away 10 per cent of everything you make just so you can have it, just for you, and you don’t spend it – ever.
When I first heard of the 10 per cent account, I was resistant to the idea. How could I be setting money aside when I still have debt? Shouldn’t I pay off my debt first? Despite my uncertainty with this idea, I made the choice to try it. I made the demand of myself that for three months I would use the tool and see what showed up. For every dollar I earned, I put 10 per cent in an honouring account just for me. At the end of three months, it was not that I had a huge amount of money, but what I noticed was that I had more of a sense of peace with money. I did not have the feeling of lack or scarcity. The energy that it was for me, was the energy of actually having money that I had previously not allowed myself to have.
3. Just start!
Going from debt to abundance requires you to commit to you and to your life. You may not have total clarity on how you will get there, but, when you commit that no matter what it takes you will get there, the universe can surprise you in ways you never imagined.
Wake up every morning and ask, “If I were creating my financial reality today, what would I choose?” When you ask this question, ideas, innovations, possibilities you have never considered before start to show up. Follow those inspirations and take action.
4. Do what makes you happy
People often think that when they have money, then they will be happy. It’s actually the other way around: be happy, choose joy and money will show up. Money follows joy. Joy does not follow money.
If you’d like to have more joy, start doing what you love. Don’t decide that there’s no way that what you love will make you money. That’s a conclusion, not a question. Get out a notepad and begin writing down everything you love doing. It doesn’t matter what it is – cooking, gardening, reading, walking the dog, talking to people. Don’t consider whether or not it has value to others. If it’s fun for you, put it on the list. Keep adding to it over the next days and weeks. Then take a look – are you doing enough of what you love?
Changing your financial reality does not have to be difficult. These are the very tools I used to do just that. Always remember, your choice creates. When you choose to commit to you and your life, when you choose to have a look at your finances rather than avoiding them, and when you choose to wake up every day and take action by using the tools above, you are empowered to change your financial reality and create something greater.
Goodbye debt. Hello abundance.
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