Attitude Adjustment is the Key to Solving Your Debt Problem
People ask me all the time, “What is the number one key to solving my debt problem?” Many were expecting me to say something like, debt consolidation, debt elimination, debt counseling and even bankruptcy. But actually, the number one key to solving any debt problem is a person’s attitude. When you make the proper attitude adjustment towards your debt problem, you will tackle it! Let’s find out how to get your attitude in check and get out of debt…
You’ll Never Tackle Your Debt Problem Because You’re…?
The mountain was as daunting and formidable as they get. His dream was to play in the pros but most people were saying he was too small at 6.0 and 200 lbs. Unfazed, (RL) Ronnie Lott, made it to the pros and became one of the most feared and fierce defensive backs in the game.
Opposing offensive players, much larger than RL dreaded playing against him because they knew about his unrelenting attitude. They new that his physical size didn’t matter, because he figured out how to make his opponents feel like they just got tackled by a Mack truck. When it comes to your debt problem, currently, you may think your debt load is insurmountable, don’t worry because your attitude determines your altitude! Here’s how to get your attitude in check.
Attitude Adjustment #1
You are the only one who can change you. Look in the mirror and be brutally honest with yourself. Tell the person in the mirror that you are going to be responsible for your attitude from henceforth forevermore. Tell yourself that you are not going to allow circumstances, debt, creditors, debt collectors, setbacks or situations to determine your attitude.
Attitude Adjustment #2
Make a firm commitment to never allow your finances to control you. That means, creating NO MORE NEW DEBT! You may have to be creative and even go without certain things, but do not cross that line of adding more debt. When you start feeling the financial pressure to whip out a credit card, reject that thought and go to plan “B.” You ask, “What’s plan B? Anything but adding more debt! Your debt problem will never go away until you make this critical adjustment. You can live without loans! You can live without credit cards!
Attitude Adjustment #3
You must come to the point, (and very quickly) that you HATE PERSONAL DEBT! Until you hate debt, it will always be able to control you in some shape, form or fashion. Even in his day and time, Ben Franklin understood the impact of debt. Ponder these profound insights made by one of our most popular founding fathers:
“The borrower is a slave to the lender, and the debtor to the creditor, disdain the chain, preserve your freedom; and maintain your independency: be industrious and free; be frugal and free
“When you run in debt; you give to another power over your liberty.”
“I’d rather go to bed without supper than rise in debt.”
“Creditors have better memories than debtors.”
Attitude Adjustment #4
Refuse to be misled anymore! Years ago, many of the big time become rich gurus were preaching the technique, (OPM) Other People’s Money. They held workshops, seminars and sold books, tapes, CDs and DVDs on using Other People’s Money to obtain wealth. Their primary source of OPM was credit card debt. They taught people to use credit cards to start businesses, buy real estate, invest in stocks, etc. It is true, a small percentage of people took their advice and succeeded.
But the majority found themselves wallowing in an ocean of debt and the sharks called debt collectors were out for blood. When the next great enticement comes along to lure you into creating another debt problem, don’t be misled; reject and move on with your life
Attitude Adjustment #5
Refuse to address your debt problem alone. Have you ever heard the term, “Suffering in silence?” I’ve been in the financial services industry over 15 years and I have witnessed people suffer in silence over their debt problems more times than I can count. The problem is, when you try and figure it out on your own, and you’re not an expert, there’s options on the table you may not be aware of that could be the difference between struggling with debt the next eight years versus being out of debt in three years.
I remember an incident in which a licensed real estate agent was having some financial difficulties and couldn’t afford to renew her RE license. She suffered in silence about the issue and eventually, her license expired. All she had to do to avoid that expensive incident was to call the licensing board and put her license in inactive status. When she was ready to get back in the game, make another call and have them to reactivate it. BUT! She had no way of knowing that because she attempted to address the problem alone.
It goes without saying, that life is much better when you have a good positive attitude. When it comes to getting out of debt, the right attitude makes all the difference in the world! So go ahead and give yourself the chance to move from drowning in debt to laughing at debt.
William Phillips brings a degree in economics and an unwavering passion to help fellow Americans come from under the clutches of debt. He believes that with the right debt advice or debt counseling, anyone can recover from the stresses of being overwhelmed with credit card bills and other debts and live debt free!. Visit the Get Out of Debt Experts at DebtErasure.com
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