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Hello and welcome back!
If you haven’t read the first three pieces of content, make sure you go back and do that first before you read any further. You can find:
If you’d like a downloadable PDF of this Lesson, go here.
This has been an incredible journey, hasn’t it?
So many women have written to share their ah-ha moments with me as they’ve worked through the first three pieces of content.
What about you? What lightbulb moments have you had? I’d love it if you’d hit reply and share them with me.
Today we’re going to be discussing eliminating debt.
When I was first beginning to handle my money one of the things I NEVER did was look at my debt.
Sure, I knew it was there, but I never really looked at the numbers on the statement or added them all up.
Honestly, I was too afraid to know what the numbers would reveal. It was pretty scary and I bet you can relate.
How did I get here?
First, I don’t know about you, but I was not taught much about personal finance at home or in school. Secondly, once you have debt you are barraged with messages that boil down to “you screwed up” and to cut back, reduce your spending, budget and go on a money diet!
Basically, reduce living life.
It is a very contracting solution.
Yet, the laws of nature, the universal laws, and how the world works on a larger scale, are all based in expansion. Imagine if we thought about debt from an expansive space?
How might we create better solutions to our debt conundrum?
Eventually not looking at my debt situation built up so much anxiety in me that I was forced to do something about it.
Because I wasn’t sure I could handle a complete budgeting overhaul and since I had tried this many times and failed, I decided to do something different.
That’s what the EMBRACE Lifestyle Training Program is all about – doing something different than what you’ve tried again and again with little to no success. We spend a great deal of time in this section helping you find the strategy that will work for you to crush your debt, stop spending and start living.
Today, I’m going to share this simple but effective way to start paying attention to the numbers so you can create a debt pay off strategey in a way that won’t have you hating yourself, your debt or the numbers.
LOOK AT ONE THING
When I finally was ready to start down the road to getting out of debt I made myself a promise. I promised I would do just one thing – look at something related to money every day.
Because there was so much to look at, I decided to go a little further and pick one thing to look at and then add to it once a habit had been formed.
There was so much to chose from: checking account balances and statements, credit card bills, the contents in my wallet, my savings balance and investment balances. So much, which should I choose?
After some careful consideration, I decided that the first logical step was to look at my bank balance each day. And that’s what I did (and still do matter of fact).
Each morning I would sit at the computer and look at my bank balances and express gratitude for what was there and for I had. That was it.
This first step actually turned into another ritual. Instead of just opening up and looking at the balances I eventually started looking at the specific items on the screen.
What was pending for deposits and withdrawals, had something been automatically withdrawn from my account that I forgot about, did I incur a fee that maybe I should not have?
I actually started to get really into this daily exercise and would be super pumped when I found mistakes or could stop an automatic withdrawal from happening in the future.
Slowly I began to see that there was real power in knowledge and that the best gift I could give myself with regard to my money was to open my eyes and look.
And, so that’s what I want you to do.
Just look and be grateful for what you have.
Here’s a list of ideas to chose from:
- Clean out your wallet and keep your money organized.
- Check bank account balances with a dose of gratitude.
- Daily expense and income tracking.
- Daily money gratitude practice.
- Daily money affirmations.
- Read something about money every day.
Pick something to look at this month and do it every day.
The EMBRACE Lifestyle Journal
Grab a journal page here and answer these questions:
What is it like to be looking at and honoring your money every day?
What is coming up for you?
If you feel any resistance, where is coming from and how can you work through it?
So let’s review what we discussed today.
Today we discussed why putting one simple money habit in place and doing it every day is going to be so life changing for you.
Now, just like last time, it’s so important for you to take action on what we discussed today. What I have found that is super helpful to make sure we follow through is to claim what we’re going to do.
So send me an email and just take a minute and tell me:
- Are you ready to start a daily practice of honoring your money?
- Tell me what the journal questions revealed to you.
- Identify what habit you’re ready to embrace this week?
I know it can be tough to take action, but I promise you if you take the time to message me you’re going to feel so much better!
In our next section of this six-part training series, we’re going to talk about our developing our spending plan based on what we value most.
Thank you so much for being here today. I can’t wait to read all your action steps. I’m so passionate about this work because I have seen how these incredible shifts can happen that completely turn around someone’s relationship with money and I can’t wait for that to happen for you!
See you next time!