Change Your Thinking and Your Actions To Stop The Debt Habit Forever You can learn to permanently stop the debt habit no matter how much or how little money you currently earn.
It is easier than you think.
The first step is to change how you think about money, and to learn what you may unconsciously be doing to draw debt to you.
Once you learn how to properly understand how money works, and to stop creating debt magnetsin your life you will automatically start to reduce your debt.
The first step is to step back and take a look at what money really is.
Learning to redefine what money is will help you see new options for dealing with it and for reducing debt.
Money is a symbol of our life's energy.
Humans agree on the symbol of money, because it is easier than trying to haul all of our worldly goods around on our back in order to trade with each other.
Ask yourself honestly, how easy would life really be without money?Suppose that you are a house builder or an artist, how do you go about the daily transactions of life without money? What if your Doctor does not want or need a new house right now? Or suppose your Landlord is not interested in arts and crafts.
How do you secure goods and services?Most of the time directly bartering for what we need just won't work.
That is where money comes in.
No matter what you do for a living, goods and services represent time, expertise, physical resources or effort- in other words they represent ENERGY.
It is a symbol of the energy that we put in to earn it, and it is a tool that allows us to get energy out of it through purchasing the goods and services we need.
Learning to think of money as energy can show us new ways to stop creating new debt, and to get rid of our old debt.
This works because seeing money as energy allows us to: fully experience that what happens to our energy happens to our money.
This is not as ungrounded an idea as it may initially seem.
Most of us do not consciously realize that spending energy on things like bad relationships, or dealing with clutter can cause more debt.
However, in the long run energy drains like these always end up costing us money and making debt more likely.
Just ask anyone who has ever been divorced or who purchased an item it turns out they already had, but could not find! The truth is any energy drain is eventually a money drain.
This is vitally important to understand because it allows us to take our first big practical step to permanently getting out of debt: cleaning up our personal "debt magnets.
" Energy Drains Create "Debt Magnets.
" Debt magnets are habits and situations that literally draw us into more and more debt.
They are the patterns of energy that can cause us to pay off one debt (or even group of debts) only to find ourselves back in a financial hole six months or a year later.
The key to seeing and getting rid of "debt magnets" is to simply ask yourself: Where is my energy going? If it is going in a direction that is unrewarding or draining, then you have adebt magnet.
When this happens it keeps us from earning more money whether we are aware of it or not.
It will also eventually cause to fall into additional spending that does not move us forward.
For example if every time you listen to an annoying coworker complain, you treat yourself to a snack from the vending machine then you have a very simple debt magnet.
You are potentially earning less because your energy is going toward the co-worker instead of toward making your job more financially rewarding and you are spending more on a quick fix to make yourself feel better.
You have unconsciously reduced your earning power and increased your debt.
The Debt Magnet Challenge: How much energy is getting stuck for you in these areas? Remember these are big categoreis and it takes time to fully understand how each area might contain energy drains for you personally.
For now just go with your gut understanding and your gut instinct.
Rate yourself 1-10 with 1 being it NEVER happens that you spend time, energy, money, or worry on an area and 10 being you DAILY spend time, money, energy, or worry in that area.
1)Unorganized paperwork/bills 2) Undervalued charity / showcase work 3) Spending time on things you do not want to do, but feel emotionally blackmailed to do 4)Self-blame about money past 5)Excessive money worry and fear 6)Not knowing your numbers, or not being specific about income and expenses.
7)Habitual over commitment.
8)Unfinished tasks and business.
9)Outdated or insufficient tools and possessions.
10) Suppressed or unacknowledged emotion.
Once you are done add up your numbers and write down your total number.
The higher your number the more likely it is that you are unconsciously drawing debt to you.
Challenge:Would you like to make $70 extra this month?Would you like to test this theory out and see if it really works? Challenge yourself to take simple steps to drop your debt magnet number by 7 points.
The really interesting thing is if you do, you will more than likely find money coming into your life.
This "new" money may come in many ways.
It may be in the form of unexpected earning, discounts on items you need,avoiding things like late fees, taking advantage of refunds or rebates you would have otherwise missed, collecting on money that other people owe you or some other method.
Many people actually even physically find money (cash and checks) as they are cleaning up clutter and paperwork.
Keep a close eye out for a two week period after reducing your debt magnet number and see what happens for you.
It is easier than you think.
The first step is to change how you think about money, and to learn what you may unconsciously be doing to draw debt to you.
Once you learn how to properly understand how money works, and to stop creating debt magnetsin your life you will automatically start to reduce your debt.
The first step is to step back and take a look at what money really is.
Learning to redefine what money is will help you see new options for dealing with it and for reducing debt.
Money is a symbol of our life's energy.
Humans agree on the symbol of money, because it is easier than trying to haul all of our worldly goods around on our back in order to trade with each other.
Ask yourself honestly, how easy would life really be without money?Suppose that you are a house builder or an artist, how do you go about the daily transactions of life without money? What if your Doctor does not want or need a new house right now? Or suppose your Landlord is not interested in arts and crafts.
How do you secure goods and services?Most of the time directly bartering for what we need just won't work.
That is where money comes in.
No matter what you do for a living, goods and services represent time, expertise, physical resources or effort- in other words they represent ENERGY.
It is a symbol of the energy that we put in to earn it, and it is a tool that allows us to get energy out of it through purchasing the goods and services we need.
Learning to think of money as energy can show us new ways to stop creating new debt, and to get rid of our old debt.
This works because seeing money as energy allows us to: fully experience that what happens to our energy happens to our money.
This is not as ungrounded an idea as it may initially seem.
Most of us do not consciously realize that spending energy on things like bad relationships, or dealing with clutter can cause more debt.
However, in the long run energy drains like these always end up costing us money and making debt more likely.
Just ask anyone who has ever been divorced or who purchased an item it turns out they already had, but could not find! The truth is any energy drain is eventually a money drain.
This is vitally important to understand because it allows us to take our first big practical step to permanently getting out of debt: cleaning up our personal "debt magnets.
" Energy Drains Create "Debt Magnets.
" Debt magnets are habits and situations that literally draw us into more and more debt.
They are the patterns of energy that can cause us to pay off one debt (or even group of debts) only to find ourselves back in a financial hole six months or a year later.
The key to seeing and getting rid of "debt magnets" is to simply ask yourself: Where is my energy going? If it is going in a direction that is unrewarding or draining, then you have adebt magnet.
When this happens it keeps us from earning more money whether we are aware of it or not.
It will also eventually cause to fall into additional spending that does not move us forward.
For example if every time you listen to an annoying coworker complain, you treat yourself to a snack from the vending machine then you have a very simple debt magnet.
You are potentially earning less because your energy is going toward the co-worker instead of toward making your job more financially rewarding and you are spending more on a quick fix to make yourself feel better.
You have unconsciously reduced your earning power and increased your debt.
The Debt Magnet Challenge: How much energy is getting stuck for you in these areas? Remember these are big categoreis and it takes time to fully understand how each area might contain energy drains for you personally.
For now just go with your gut understanding and your gut instinct.
Rate yourself 1-10 with 1 being it NEVER happens that you spend time, energy, money, or worry on an area and 10 being you DAILY spend time, money, energy, or worry in that area.
1)Unorganized paperwork/bills 2) Undervalued charity / showcase work 3) Spending time on things you do not want to do, but feel emotionally blackmailed to do 4)Self-blame about money past 5)Excessive money worry and fear 6)Not knowing your numbers, or not being specific about income and expenses.
7)Habitual over commitment.
8)Unfinished tasks and business.
9)Outdated or insufficient tools and possessions.
10) Suppressed or unacknowledged emotion.
Once you are done add up your numbers and write down your total number.
The higher your number the more likely it is that you are unconsciously drawing debt to you.
Challenge:Would you like to make $70 extra this month?Would you like to test this theory out and see if it really works? Challenge yourself to take simple steps to drop your debt magnet number by 7 points.
The really interesting thing is if you do, you will more than likely find money coming into your life.
This "new" money may come in many ways.
It may be in the form of unexpected earning, discounts on items you need,avoiding things like late fees, taking advantage of refunds or rebates you would have otherwise missed, collecting on money that other people owe you or some other method.
Many people actually even physically find money (cash and checks) as they are cleaning up clutter and paperwork.
Keep a close eye out for a two week period after reducing your debt magnet number and see what happens for you.
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