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Getting out of debt is a lot like losing weight. If you want to lose weight, but you have a serious addiction to ice cream, then you will have to admit your problem before you can start trimming down. When it comes to money, the same thing is true: You must identify your hurdles to winning before you can start the process of financial peace.
Here are a few obstacles that may get in your way while you are trying to work your way out of debt:
Ninety percent of solving a problem is realizing there is one. Some of the most dramatic financial turnarounds happen after someone has faced a layoff, an illness or some other life-changing crisis. If you are apathetic because everything seems “just fine,” then you will be unwilling to make the major changes needed to get major results.
Fear of Change
Change is painful. That’s why few people have the courage to seek it out. Most people won’t change until the pain of where they are exceeds the pain of change. When it comes to money, we can be like a toddler in a soiled diaper who says, “I know it smells bad, but it’s warm and it’s mine.” The sum total of your past financial decisions has brought you to this point. If you don’t like your current situation, then acknowledge you have changes to make and get started.
More than 5 million have beaten debt this way. You can too!
If you tell a lie often enough, loud enough, and long enough, the myth will become accepted as a fact. Repetition, volume and longevity will twist and turn a myth into a commonly accepted way of doing things.
Debt is so ingrained into our culture that most Americans can’t even imagine a car without a payment, a house without a mortgage, or a student without a loan. Debt is sold with such repetition that most people cannot comprehend a life without payments.
We’ve bought into the myth that we can get rich quick. But it will never happen. Living a financially healthy lifestyle is a slow-cooker concept that isn’t always popular in our microwave society. Stop trying to keep up with the Joneses and realize that financial peace will come—but you have to be patient.
Ignorance is not a lack of intelligence; it is lack of understanding. We aren’t born as financial geniuses; we have to learn. Admit that you are not a financial expert, and go on a lifetime quest to learn more about money. You don’t have to get a Harvard MBA, but you should at least know the basics and how to take care of your family. What you don’t know about money will make you—and keep you—broke.
The twelve steppers have it right. They say, “Continuing to do the same thing over and over again and expecting a different result is the definition of insanity.” Simply put: If you want to see change in your life, you’ve got to start doing things differently. Don’t let these hurdles get in the way of your financial peace. Now is the time.
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