What is the number one reason why people are worried, frustrated, miserable, depressed and angry with their life?
If you didn't guess the correct answer let me tell you it's "debt" it's not just the death of an individual but financial debt. Debt is the number one killer and biggest disease that seems to be spreading like wild fire across the nations. Consumers like you and I are being pushed to take on more and more debt every day. In the United States, it's required that you have a fair/good credit score to get credit. If you do not have good credit and is deemed to have bad credit based on your FICO score some creditors are still interested to offer you credit.
Do you know Why? it's not that they want to help or they want to finance your dreams, no sir they want to keep you indebted because this is how they get paid. They get to maximize their profits with your high interest debts at the expense of your desire to acquire debt and use their money.
What you consider a helping a hand or a rescue plan is actually a debt trap. More debt equals more interest and more interest from you is more profit for the bankers.
How do you consider your financial situation as compared to your debts at this very moment? Are you having a money challenge at this moment? How does it make you feel? Think about it? Write your thoughts down and let us face your money demons once and for all. I have been broke before and realized that the only way out of my broke reality was to challenge and change my broke mentality.
Do you realize that when you are broke you can't think straight, nope not even on the straight line if you were walking on it in your mind. This is how the debt trap works, it keeps you disempowered, you are going through the motions wondering where can I get more money to borrow, more credit to use, you keep wanting more and more debt. You can't see your way out and you surely will not see opportunities with your head covered in debt.
If you feel any form of the emotions listed above it's time to release the burden and get your mindset right so that you can get your money right and become debt free. Debt can be used as a tool and debt can also be used to keep you as a slave (Be mindful)
Paying off debt should always be a priority whether used for leverage or not. The longer you stay tied up in debt is the more you become a prisoner to it. The Bible even made reference to debt as being a bad thing so why should people still remain stuck in debt and a slave to debt?
I strongly believe money legacy's are passed down to each and everyone of us based on our environs and exposure to money. This is how our beliefs are shaped. If the bible is stating that you are a slave to your debtors that's a key indicator to be mindful of the debts you take and how it is used. Remember; debt can be used as a tool, using it as a tool and ensuring that you are investing it to take a risk to make more money that can offset the debt and interest and still remain with a profit can be considered. This is my belief and I learned the hard way about debt believe me, if I can only afford something using only my credit cards as a form of payment doesn't mean I can. This is the first stage of the disease (debt realization).
Releasing the slavery mentality with debt starts with money control in your mind first, it's the only way to limit the over spending and the money triggers and manage what you have until you are intentional about what you need and can afford.
Have you ever heard the term "Money doesn't like noise' well money runs from you when it sees that you are always hunting and chasing it. If you stay in expectation and find a way to spend, save and stash the little that you have, I guarantee you will end the paycheck to paycheck cycle and live in abundance and be on the road to becoming debt free.
Debt is a disease but a curable one no matter how deep your debt wounds are. It requires an honest view and overall picture of your financial situation. It will require a special and unique approach to address your financial situation and begin your debt free journey but it is so worth it. Start with saying no to any additional debt, look for ways to increase your income, make a list of all your debts highest to the lowest, make a plan to tackle paying them off, avoid any form of new debt.
I hope you found some value in this blog post and I will continue to share more post like this to empower you to make more sound financial decisions and empower you to succeed financially.
You can find more articles on this website or my other blog page at www.gogettermotivation.net
I am a Financial Coach and Business Coach
I am passionate about helping people find financial freedom while building a legacy for the next generation
Here is one of my e-books you can check it out here https://gum.co/cPpFP
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