It’s the same part that makes us respond to letters and emails that tell us that we are instant millionaires and we actually follow up to ask where we should go to pick up our millions for doing nothing.
It is the same part that makes us use credit as though the banks are our wealthy, indulgent parents.
We are not all to blame however! That is how we were encouraged and taught to behave from the 1980′s onwards and it became habit. I stopped being a spending fool because I had noticed the habit forming and noted how it started by the banks telling me to spend now and pay later.
As a teenager this seemed like such a wonderful idea! But I soon realized that this is the way to remain poor and at the mercy of banks and financial institutions for the rest of my life…which did not seem like such a wonderful idea!
This is what I did:
Got a pen and paper.
Noted my incomings and outgoings in columns.
Saw that the incomings were pitiful
Saw that the outgoings consisted of 60% nonsense that I did not really need and wastage from bad financial arrangements e.g paying interest on excessive numbers of credit cards.
Put a plan together to get rid of the 60% outgoings (debt and bills) that I didn’t need.
This bit required accessing more money to be able to eliminate my debt…but how?
Well because I cancelled various other unnecessary paid subscriptions, (highlighted by the whole incomings /outgoings exercise), I had already found extra moneys right there.
I had smoked intermittently up until I realized how much it was costing me per year to poison myself slowly, so stopping that nonsense providing me with more sums.
I did little jobs here and there (and became quite the intrepid entrepreneur) and that earned me more sums.
I stopped wasting resources in the house, i.e using half a box of tissues to blow my nose and leaving lights on, so money was saved in all those little nooks and crannies. – It became quite fun finding the savings everywhere!
I sold things that I didn’t need at flea markets and car boot sales and good old Ebay.
I looked at the figures in front of me and noted the date that I could be expected to emerge like a butterfly from the debt prison – very important in terms of having a real end goal.
Emerged lie a butterfly from the debt prison.
Smiled and vowed never to be so idiotic and uninformed again.
This is an article from Coach Rosie on finance. Find more articles about finance, health, motivation, how to’s and what to do’s at coachrosie.com
