5 Ways to Stop Blowing Off Your Debt
There is no room for lethargy in your financial future.
How many times are you going to say I wish? I wish I could do what you do with your money. I wish I knew how to pay off my debt quicker. I wish I knew how important a TFSA was. Here is a good piece of advice: STOP WISHING and start making moves. Wishing for something doesn’t make it happen any sooner than it would if you completely forgot about it.
These days it’s all wishing and no planning. People have become so accustom to just settling for how things are because they don’t want to fear failure. We have put off our dreams, our goals, and even our day to day duties just because we are lazy. It’s true. Laziness has infected every aspect of our society. New products and services are for those of us who don’t want to do things ourselves.
It’s become natural to have something immediately when you want it instead of having to wait. If you don’t have it now, you don’t want to wait longer than necessary. In my opinion, this has become a form of financial destruction. Everything that comes along with money and success – takes time! There is no room for lethargy in your financial future.
Here are some tips to help you avoid wishing financial success and start acting on it:
1) Take risks
The other day my dad gave me some great advice when I told him how I felt about my salary cap. He told me that he felt the same when he was in his 20s and instead of staying in that role, he left. He took a job at the ground level in a new field making less money, but he worked his butt off to change that. He changed fields because the income was better, the quality of life was better, and he needed to risk it.
So many of us become too comfortable with stability and our benefits that we forget how big of a risk we took starting off in this field to begin with. We went to school for FOUR years or more with only the hope we would find something upon graduation. Why do we need four years to prove to ourselves we can do it? There is nothing out there saying you can’t stay at your current job and find another way – but risks are sometimes worth the hardship.
2) Dive head first into your debt
This should go without saying, but if you’re sick of your debt, DO SOMETHING ABOUT IT! Saying you wish you were better with your finances isn’t going to change the fact that you owe your credit card company thousands of dollars in emotional spend. Waiting until your ready isn’t going to help you reduce your debt any quicker. In fact, it will probably only damage your credit history more.
Diving head first is one way to avoid the fear and anxiety that comes alongside this reality. At one point or another, we all have to experience some kind of long-term goal that we only need to accomplish due to past mistakes. Today is your day.
3) Face the music every single day
If you don’t force yourself to physically see your goals and plans every single day, who is going to do that for you? If you put something out of your mind for long enough, you can subconsciously forget about it. When it gets to the point that forgetting about it is no longer possible, you have already forced yourself into an uncomfortable situation. Embrace those fears and show them who is in control.
Write it in your calendar, put a post-it on your mirror, and leave a note on your refrigerator. Whatever makes it easier for you to remember what you need to do and why you are doing it will become the only motivation you need.
4) Don’t be lazy
Laziness is something that we all admit to being every once in a while. In fact, a part of me believes that it is necessary if not just to stay calm and avoid blowing every fuse in my brain that day. But what most people won’t admit is that laziness has stopped us from doing too many things we once wanted more than anything else. Laziness has overcome us and convinced us that we don’t need to work that hard to get something we want.
It’s not just ourselves though, it’s everything about today’s society. If it’s not a new product that avoids you having to move to change the channel, or a kitchen utensil that heats up our food in half the time, it’s something else. It’s time to curtail these dream-sucking, goal-ending, lazy monsters and find a way to move past those feelings. If you want something done, you’ll have to do it right.
5) Make the time to do it
How many times have you used this generations’ catchphrase “I don’t have time.”? I can count at least 20x in a month I’ve said it. I mean, that’s practically every day. And it’s also a bold-faced lie. Someone once told me that humans are very good at lying to themselves. How true is that? We can convince ourselves of pretty much anything we want.
I am not craving Nutella – lie.
Stop pretending that your schedule is packed tighter than it is. You can always make time to do something that’s important to you. If you can’t, it’s about prioritizing. What do you need most to accomplish your goals and plans today? Decipher what is more valuable to being financially successful and all will be good.
What are some ways you stop the lazy-train?