You’ll NEVER be debt free. EVER!
Does that thought scare you? Good. I want you to experience some serious fear when you read that line.
Why, because fear can be an astronomical motivator.
Back in December, I wrote a post giving 7 Reasons Why You Can’t Get Out of Debt. I feel like I need to expand on that some more and share some additional reasons why some people will never, ever get out of debt.
I hear so many people saying that they simply can’t get out of debt.
I get it. Getting out of debt is hard. It takes work beyond what you can imagine for most people.
The reason for that is because many people with debt truly do have more debt than they can handle.
Do you feel like you have more debt than you can handle? Are you unsure about how to go about creating – and sticking to – a debt freedom plan?
If so, never fear – we’re here to help. Here are 3 reasons why debt freedom continues to elude you and what you can do about it.
Here’s Why You’ll NEVER Be Debt Free
You Haven’t Learned of the Immense Blessings that Come with Budgeting
For years we saw a budget as a ball and chain; a way of life that restricted our fun. When we finally got more scared of our debt load than we were of the thought of a budget, we began learning how to implement and stick to a budget that was created especially for our family’s wants and needs.
That’s when the real fun began.
We found out that budgets weren’t restrictive at all – they were FREEING! Now we could finally be sure we were using our money for the things that really mattered to us. And we learned to stop spending money on things that didn’t matter to us. This allowed us to begin to utilize a budget in a way that pushed us toward financial freedom yet still allowed us to spend money on the things that matter the most to our family.
If a lack of a working budget is keeping you from getting out of debt, I highly encourage you to try budgeting for just thirty days, and see what freedom it can bring to your life. If you can learn to budget successfully, you can indeed achieve debt freedom!
You Care Too Much About What Others Think
A road to debt freedom means making choices. It might mean foregoing vacations for a few years. Or fancy dinners out. Or buying name brand clothing. If you care too much about what others think about what you drive, wear and about how you live, you’ll never be debt free.
So the question you need to ask yourself is “Do you feel lucky, punk?” Kidding!
The question you need to ask yourself is, “How badly do I want to stop being a slave to this debt?”
Or, “How badly do I want financial freedom for my family?”
Is the opinion of others really more important to you than your peace of mind? Than security? Than happiness? Than freedom?
If so, you’ll never be debt free.
HOWEVER, if you’re willing to choose to not care what others think of you, then you’ve got a shot at something MUCH bigger: FREEDOM!
- Freedom from being a slave to lenders
- Freedom from being a slave to your job
- Freedom from the stress of living paycheck-to-paycheck
- Freedom from having to say “no” to your dreams
Is that freedom worth giving up the approval of others? I know it was for us. And I hope it will be for you too.
You Don’t Have a Solid “Why”
The “why” is what motivates people to begin a debt freedom. Your “why” will give you the strength to begin. And the courage to keep on going in the face of adversity.
Here’s our list of “whys”: Motivation: Why We Said “Yes” to a Getting Out of Debt Journey
Read our list of whys, and then make up your own list of “whys” that will motivate you to go on and complete a getting out of debt journey. As you make up your list of whys, think about and dream about all of the goals you could accomplish and the things you could do if debt wasn’t holding you hostage.
You Haven’t Learned the How to Persevere
One of the things that makes a journey toward debt freedom really difficult is that something always seems to happen to derail your efforts. The car breaks down. The furnace goes out. A mouse crawls up the inside wall of your fridge and dies there (yes, this really happened to us.).
Setbacks are a part of any getting out of debt journey, and if you can’t handle them and choose to persevere in the end, you’ll never be debt free.
That doesn’t mean you aren’t allowed days when you hide in your room and sulk all day. Or days when you b_tch, whine and complain about how life sucks. Or days when you simply stick your head under the pillow and hope it all goes away.
We’ve given in to all of those types of tantrums, and to a certain extent, it helps. But the difference between winning and losing at any goal is the choice to persevere.
If you will choose to persevere no matter what setbacks come, you will eventually reach debt freedom. If you don’t choose to persevere, you’ll never be debt free.
We’ve been on our debt free journey for 3 years now. It’s been difficult. There’ve been major league setbacks, both financially and otherwise, that have tempted us to throw in the towel many, many times. But because our “why” is bigger than our setbacks, we choose to persevere. And because of that, we are winning our battle against debt.
And you can too. Just don’t give up, and don’t give in.