For example, if you think that your debt is embarrassing, then you might feel shame.
This is abundant thinking.You can make it mean something motivating and inspiring.It works and itâs super powerful.[Consider Heres Should Your Before What You You File Taxes]
Instead of thinking about what you canât do and canât have because of your debt, think about what your debt makes possible.
Debt is a circumstance.We have to be.Everyone is different.Decide if you want to get out of debt. Do you want to get out of debt? Do you value living a debt free life? If the answers to these questions are yes, then move on.You have to decide for you how to think and feel about your debt.[Iceland Kids With In 6 Do To Things]
This was so stupid.
For example, if you want the end result to be becoming debt free from a place of abundance, then you might want to think your debt is an opportunity.I donât know anyone else who has turned their six figure student loan debt into a six figure business, and thereâs absolutely no reason for that other than mindset.[Attend You Wedding Know To Much Spent Youve A Do]
As Brooke Castillo says in the quote above, circumstances are neutral.I felt trapped.
6.You have nothing to lose by trying it.If you want to start doing this, begin by selling your stuff and using the money to pay for off debt.[Goh Lessons From Theresa In Woman Tenacity Womens Month Power]
1.First, take a peach.I had all this shame around my debt, as if it had power over me.Your feelings cause your actions.Your actions cause your results.
How To Eliminate Debt With The Right Mindset
When it comes to eliminating debt, here is what I want you to do.[More 8220It Parenting My No I8217m Mindset Better8221 Gets Changing 8211]
Result: debt free from abundance
For example, if I was filling this out, it would look like this:
Thought: my debt is a business opportunity
Action: building a business
Result: debt free from abundance
Your model will look different.You can make them mean whatever you want.. Circumstances are neutral.
Thoughts â Feelings â Actions â Results
When You Make Debt Mean Something Bad About You, You Hurt Yourself
When I first learned the concept above my mind exploded.
Whatever you think about your debt will determine how you feel about it.[She Bosses To For 5 Habits Business Money Your Explode]
Brooke didnât make this up, itâs the way the universe works.This is true for everything.
My Journey With Debt
Itâs worth mentioning again how much of an impact this has had on my life.[Week America You Talking Saves About Helps Save Saving]
If you think your debt is the reason that you canât do what you want or the reason that you canât have the financial future you always imagined, then it will be.
At the heart of this thinking is the scarcity mindset.[In Do 7 With New To Orleans Kids Things]
Pay attention to how youÂ wantÂ to feel about your debt.This is just how it made me feel, personally.They’re neither good nor bad.
P.s.Iâm giving you permission right now.[Legit Ways To Tax 2019 Easyand In Save 4]
Just remember, it’s better to decide to think and feel a particular way that gets you the result you want from a place of abundance.
This isnât to say that going frugal is bad or isnât how you should do it.This will make you feel empowered, which will drive you to take action and get out of debt.[Heres Best Isnt Your Taxes Everyone Doing For Own Why]
To decide how you want to feel about your debt,Â decide what you want the end result to be and work backward.
If youâre wondering how this actually works, you have to put it into action to get your own results.[Breaking Habits Bad]
Yes, you have debt.I only wear neutral colors.You are capable of creating wealth and part of that means you can create enough money to get out of debt.You can re-make the decision about your car.Weâre really unaffected by it.You might want to read How To Attract More Money Into Your Life next!
The post The Money Mindset That Will Help You Get Out Of Debt appeared first on Natalie Bacon.
I was making my debt mean so much about me in a really counter-productive way.[Standard The Wong Gold Maili]
I felt like nothing could stop me.I made my debt mean I couldnât do things.I have enormous constraint around what things I buy.I’mÂ notÂ talking about going into debt in the future, which would be an action.If you do a lot of psychology and personal development work, youâll figure out the same thing.We canât go around depressed about people dying we donât know.Consider minimalism.Minimalism means you only hold on to material items that you use or love.The tactic isnât whatâs important.Feeling like a victim.Your brain will go to work for you and find the answers.Consider making a new decision after the decision has already been made.For example, let’s say you purchased a car six months ago, but all of a sudden you’ve now lost your job.It’s neither good nor bad.
How you feel about debt matters more than anything else because it is what leads to action (or inaction).[Downloadable Resource Template Net Worth Calculation]
I started with $206k in debt from law school, and I have about $70k left (estimating Iâll pay off in a year or two).The peach is neither good nor bad.Second, take death (let me get real morbid on you real quick).I felt shame around my debt.Focus on cutting all your expenses and downsizing to the point where you’re living in total deprivation and feeling like crap.Minimalism works really well for maintaining a debt free life.You may get super jazzed about cutting things out.It was stopping me from living.The emotion was empowered.They’re facts.Trying to be frugal to pay off $206k of debt doesnât work.
If you think your debt is someone else’s fault, you might feel self-pity and identify as a victim.[That8217s You But Have Do One They8217re Big Emergency Actually Yes Boring Enough Funds]
You know how I felt when I decided not to make my debt mean anything about me? Freaking amazing.
5.Don’t let anyone tell you otherwise.[Most Memoir Things Animated 3 The Profitable The Lady8217s]
I used to make my student loan debt mean something about me.
Let your debt â and hopefully my story â inspire you to greatness.[Well Never8230 Mean DOWN You 401k My I What Go Can]
When I was going the frugal, self-deprivation route, for me personally, I felt really bad.I was handing over all my power and control to my debt.
Circumstances are neutral.[With You AgainAre Season Filing Step Its Your Tax In]
This is great news.
If you think your debt is an opportunity, you might feel empowered.[You Love Can To Finances Yoga Your Practice It You Apply Do Your]
Scarcity thinking is when you think that thereâs not enough â not enough money, not enough time, not enough love, not enough fill-in-the-blank.
It meansÂ you can decide what you want your debt to mean.[Eating For Tips At Creative Saving In Home Eat Money]
It doesn’t matter what your spouse, your mom, your best friend, Dave Ramsey, or I say about your debt.It doesnât become good or bad until we put a thought to it.âÂ Brooke Castillo
I turned my six figure law school debt into a six figure business.Your brain is a wicked smart computer that is always trying to prove what you think right.The action I took was building a business.It means that you keep your life simple.But people are in fact dying.Always ask yourself, would you remake that decision now?
4.Don’t cut expenses unless you feel good about it.Cutting expenses only works if you feel good about it and genuinely donât want to purchase that item anymore.I made my debt mean that something bad had happened to me (victim mentality). Your actions create your results.Just because a decision was made in the past, doesn’t mean you can’t change it.Itâs ultimately the real truth â the secret â that transformed my entire life with money (no exaggeration).Your brain loves solving problems. If you ask yourself âwhat does my debt make possible?â or âhow can I turn this debt into an opportunity?â every night before bed for the next few weeks, thereâs no way you donât see some sort of improvement and new way of thinking.It was defeating.And I stumbled upon it by accidentâ¦
If you want to listen instead of read, here’s the podcast episode that goes along with this post â The Debt Mindset.
You know what feeling shame and trapped got me? Scarcity. Your feelings create your actions.We are devastated when someone we love dies, though.Whatever the case, it means that you proactively decide how you plan to get out of debt.This means debt is neutral.If not, then just hang out in debt (LOL I donât recommend this but obviously, this is a personal choice!)
Related: The ONE Factor That Determines If You’ll Get Out Of Debt
2.Just make sure you have a positive, supportive feeling so that you are acting from abundance.[5 Your Reasons You8217re The Avoiding Top Finances]
A Final Note!
So, the mindset to help you get out of debt is to stop making your debt mean something bad about you and start making it mean something that makes you take action from a positive feeling (using an abundant mindset).
Circumstances are neutral.It doesn’t matter so much about what the plan is as it does that you have a plan at all.[Woman Mentally You Are A Strong]
And when you think this way, thatâs the reality you create.I hated it.I’m talking about debt you’re already in.
Alternatively, you could feel ashamed about your debt.She just put it so nicely in this framework.[On Wasting Now Money Right Stop You Can Things 4 Your]
3.Would you buy that car again today? If the answer is no, then sell it.Asking what your debt makes possible will help you.
Also of importance: I am not a unicorn and have no special, magical abilities.Why? Because we have a thought about the death.Choose what you want your debt to mean. If you want to get out of debt (that is the end result), then fill in the model below to choose how you want to think, feel, and act.[RSUs Idea You Video A Better For There Are Just Of Vested Lack Your Letting Sit]
Remember, your thoughts cause your feelings.Inaction.So what?
Feeling like it happened to you isnât going to help you.I live out of a very small apartment.You might love peaches, while someone else hates peaches.Abundant thinking is where you believe that there is always enough â enough money, enough time, enough everything.
If youâre having trouble understanding this, here are two examples.Whatâs important is the beliefs and the feelings behind the actions.[To Book Contest Win Enter ]
Specifically, the debt you already have is a fact that is neutral.When my debt is gone, I still have my new career that is bringing in all this money, and I only see it going up from here.
You donât have to make your debt mean anything bad.I gave it so much power.[Engaged Every Financial Stay Wellness With Age At]
I hear you â youâre likeâ¦ but, um, I want to do all.the.things and I legit donât have money in the bank because of my debt.
I had so much shame around it.There are tons of people dying all the time.Create a plan for getting out of debt that fits your debt beliefs.Â This might mean you start a side hustle, start a coaching business, pick up a side job, or something else.It matters more than anything.[Bad Break Habit A Steps 7 To]
You can use your debt to create a future you havenât even imagined.The kicker is Iâve switched careers twice in that time, and I built a business that will continue to pay dividends in the future.If you cut everything in your budget and feel awful about it, you’ll come from such a negative place that you’ll throw your mindset into a spin of scarcity for no reason.YOU get to make it mean whatever you want.<
So, how did this happen? How can you do it (or something similar), too?
Thatâs what Iâm going to share with you in this post.We give the death meaning.It just is.I do this over and over in my life and it works like magic.[Brings Atlanta Regions Bank To Banks High Tech]
Debt Doesnât Mean Anything Until You Give It Meaning
Last year, I had a super painful emotional experience, which propelled me headfirst into personal development.That led to me learning the life changing magic from Brooke Castillo thatâ¦
Your thoughts create your feelings.You could still get out of debt this way, but it would be from a place of scarcity.
My debt was the reason I couldnât do things.[In 2 Make As Thriving A In Freelancer Part Economy The To Gig It How Singapore]
How You Feel About Debt Determines Your Actions
Whatever you choose to believe about debt will determine how you feel about debt.