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The Real Reason

If you have been in debt for some time you will understand what I am about to discuss. If you have been trying to build up your emergency fund you will understand what I am talking about. If you are trying to achieve financial independence then you will understand what I am about to relay to you.

In this article I am going to hopefully point out some reasons why you may not be out of debt or achieved much of anything else. Giving you the REAL reason you can’t get out of debt. My outcome in this post is to show you that it’s not any one thing that is stopping you for getting debt free…

It’s YOU!

Let me explain.

In life there is a certain area where you feel comfortable at. For example there are certain financial debts you are comfortable with say your mortgage, car loan, and credit cards. Certain amounts of income you are comfortable with and use to, and in general certain ways you just like to do things.

That certainty is what may be holding you back from going on to the next level in your life. Wether it’s your debt or anything else you are trying to achieve.

Your Comfort Zone

Your comfort zone is the area where you feel certain the most. When you step out of your comfort zone you start to feel uncomfortable. Maybe your late on a payment or taking on a new debt say buying a new car.

You know what I’m talking about. You’ve had those butterflies in your stomach. If you have a story about stepping out of your comfort zone I would love to hear it in the comments.

When I started my first business I had those butterflys in my stomach as well, but there is one very important quote that I will never forget.

You must step out of you comfort zone in order to achieve success.

Think about that once. Anything you have ever want to achieve that took some sort of effort such as getting debt free or being a financial success you had to get uncomfortable in order get there.

For example when I start this blog I had to step out of my comfort zone. A million thoughts raced through my head such as what will people think, how will this work, or can I actually do this. I’m sure you’ve been there.

Why you aren’t moving to the next level?

Think about it this way. If you were a thermometer and you were always comfortable at say 80 degrees and this is where you see yourself the most comfortable. Then all of a sudden something happens and life has given you 50 degrees. Your boss is getting on you at work, your debt is piling up, you missed a payment on your mortgage. Things seem uncomfortable. Then several weeks pass and things seem to get better.

Have you ever wondered why this happens?

It’s because your identity is to stay consistent with the way you see yourself. If you are at 50 degrees and you’re comfortable at 80 degrees a subconscious alarm goes off in your head telling you that you need to correct this.

However the same it true the other way. If life has given you 95 degrees and you got a promotion at work, you paid off your credit cards, your emergency fund is fully funded you will subconsciously bring yourself back down to 80 degrees. You’ll let things slip and fall apart. You won’t even know you are doing it to yourself.

Ever done this before. I know I have on many of occasion’s. If you got a good story to share here leave a comment.

How can you stop this cycle?

Stopping this cycle is not going to be easy to do but you can do it.

Don’t ignore the situation. Telling yourself that you don’t do that will only take you longer to climb out of that hole you may be in. Recognize your situation and look for a solution.
Get a mentor. This is my best advice to you. They can help you from seeing 80 degrees all the time to helping you crank up the heat a bit and putting you at 105 degrees.
Educate yourself. Education is the reason why we have more consumers in debt than ever. Start reading some books, listen to some inspirational speakers, sign up to the Stumble Forward RSS. The education is worth it.

Are you facing some of these situations? Feel free to tell us your story and leave a comment.

Is It a State Of Mind Or Just Action?

Getting out of debt is as much a state of mind as it is the ability to simply take action. You have to be committed to taking action if you want to get out of debt fast and you must immediately decide that now is the time to do, both of which are equally important. Getting out of debt is not that difficult, however it is still challenging.

But what isn’t?

You are not the only person who has been in debt; there have been people before you and there will be people after you. Getting out of debt is definitely the first step towards actively investing in your future. Especially when it’s credit card debt that you need to clear up.

Getting out of debt is mostly all about two things:

1) Making the largest payment you can afford.

2) Making sure your debt is at the lowest interest rate.

Make sure you learn the advantages of having a low interest rate and of making a larger payment than the minimum. Getting out of debt is inherently a long process and every little bit of it can help to pay off credit cards, but it’s really about developing better habits. Creating new habits requires sticking to new practices until they come naturally and automatically, so setting small goals can help greatly. Getting out of debt is a process.

Getting out of debt is going to require both discipline and action. It really won’t be easy to do especially if you are already heavily burdened by it. Following a method of listing all your expenses can be helpful because you can track down where your money is actually going. Getting out of debt should be done by following a simple, step by step process. It will take hard work, discipline and persistence, but it can be done and the rewards are truly great.

Check out this article on how to set up your own personal debt plan.

Getting out of debt is also about making sure you have more income than the amount of your expenses, which is basically having more coming in than going out. Remember, it is going to be a long term project. It requires a willing heart, a concrete plan, and a disciplined approach to prevent the need to file bankruptcy.

Paying off your debt is 70 percent psychological and only 30 percent financial. You are going to have to adopt some goals of paying off from the bottom up, so that there’s not only a light at the end of the tunnel, but also marker lights reminding you that you’re on the way out.

Hang in there you can do it.

The REAL Reason You Can’t Get Out Of Debt

Get Out Of Debt Fast Today

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