Are you motivated enough to get what you want in life?
How badly do you want to get out of debt?
On a scale of 1 to 10, 10 being super duper crazy desire, what is your number about the desire to get out of debt?
If you aren't motivated enough to get out debt, no tools will really help because you are not going to try it.
Why do you want to get out of debt?
Peace of mind?
Financial security for you and your family?
To feel in control of your life?
Because you have higher standards? Find your motivation.
You will have setbacks. Expect it.
Life throws curveballs all the time to test you.
Will you persevere through the dark times?
Getting out of debt can be a long process especially if it’s a lot of debt accumulated over years of bad habits.
Having to reverse those bad habits can be long and excruciating, so perseverance is key to get through it.
3. Open Minded
Getting out of debt can be new so having to think and do differently can be different. Change is hard or easy, depending how you look at it. Open mindedness can help you get the results you want.
Are you open minded to new strategies and tools?
If you are resistant to trying new things to get out debt, you will fail.
Success means being open minded.
Getting out debt can take a lot of resources, money being the obvious. However, on the contrary money is not what will cure debt problems. If that were true, the US economy should be prospering with all the money we throw at it but it’s not.
Being able to resourceful enough to find the money to pay off the debt is key. Whether it's through saving more, or earning more money, being resourceful enough to accomplish this is what's needed.
How would it be if instead of being bailed out by somebody, you can create an extra income of your desire?
Being able to follow through goals means responsibility. It means owning up to your mistakes and owning up to what you need to do.
Getting out debt means being responsible for your past mistakes.
Are you responsible?
How did you get in debt in the first place?
Did you really need a new car?
Do you really need all those gadgets?
Do you really need all those clothes?
Maturity is about setting priorities and making sure resources are being placed in the correct areas.
Being in debt because of reckless spending is immature. It's even more immature not acknowledging that.
Grow up and pay down your debt. Watch your spending.