But, what if I told you that despite all your safety measures and ways to protect your money, there is something which is stealing your money every single month under your own eyes.
You might drop everything to hear exactly everything I know about your accounts (and how), so you can protect the rest of your hard-earned money from being stolen.
You would probably want to chase down the culprit and go to any lengths to get him to return all the money he has stolen, plus make sure justice is done, so he never has the chance to steal your money again.
You might feel violated, angry, frustrated, and scared.
So who is stealing your hard-earned, valuable money from under your own eyes, without you even noticing or with you at times even giving permission for your money to be taken? [Tweet "Who is stealing your hard-earned money from under your own eyes? "]
Yes, all those payments which are automatically drafted out of your account every month going towards your student loans, your credit cards, your car loan and any other debt you are carrying.
[Tweet "Payments towards debt are stealing your current income and your future. "]
You dislike having payments, but do you actually hate your debt?
Or do you ignore it, complacently paying the minimum payments each month, and hoping one day it will disappear?
Do you feel completely overwhelmed by how much debt you have and you are hopeless of ever paying off your debt?
Do you act flippantly and put off facing it until later because you want to have fun now?
Paying off debt is connected to changing your behavior.[Tweet "Paying off debt is connected to changing your behavior."]
In the same manner you would chase down a thief who just snatched your wallet, you need to fight against being lulled into complacency of having debt. You need to start hating your debt and being disgusted by how much money your debt is stealing from you.
Do you even know the total amount of money you owe? No, you don't want to know how much money is being stolen from you? Are you sure?
It is time to count up all your debt. Every. Single. Debt.
School loans, car loans, medical debt, credit cards, lines of credit, personal loans, unsecured debt, and your mortgage (as well as everything else) all need to be counted.
Take a good, hard look at the total debt that you have. Allow the number to sink deep into your mind, along with any panic, fear or stress that comes with it.
Strong emotional connection to your debt will cause you to feel the oppressive weight, providing the desire and motivation to destroy debt from your life. For good![Tweet "Strong emotional connection to debt provides the motivation to destroy debt. "]
Now, figure out how much money is leaving your bank account to go towards all of your payments on a monthly basis? No wonder money is tight, with that much disappearing to pay everyone else!
Does this number scare you? It should. What else could you do if you did not have those payments leaving your account every month?
What are you paying in interest each month? Over the year?
Subtract the interest from your monthly payments and see what you are able to use to actually decrease total principle you owe. How much progress are you making on paying the principle off?
How long have you been paying on debt? How many years of your life have been spent owing other people? How much longer will you be in debt if you just pay the minimum payments?
Ask your future self, in five, 10 or 15 more years, do I still want to be paying off these debts? What will the future me need to give up because I am still paying off all the debt the old me borrowed and there is only so much money?
Do I want to live with this kind of money stress this whole time, severely limiting what I am able to do to enjoy life, because I would rather bury my head in the sand instead of facing my debts and paying them off with the focused intensity of a winner.
Allow your future self to shake your current self for stealing income from the future because you have accrued so much debt and have no plan to pay it all off.
Are you starting to become mad? Furious and disgusted? Is there a hatred towards your debt welling up in your spirit?
Make these negative emotions you feel about all your debt and how much of your hard-earned money is going towards payments spur you to action. [Tweet "Use your hatred for debt as the catalyst for change."]
You do not have to continue sending away a large portion of your take home pay to keep the creditors happy for the rest of your life.
You can work a plan and pay off your debts very quickly, removing this huge burden of owing money.
Everyone who wins against debt follows a budget, so set that up first. Dream about what you could do with your money once you have paid everything off and can keep all those payments.
Married? Have a money talk with your spouse and start working together to clean up your debts.
Do you need some more traction? Check out these ways to bring in some extra cash and throw it at your debt.
The debt snow ball method works wonders as you line up your debts smallest to largest regardless of the interest and attacking the smallest one with a vengeance! You will start to see yourself winning with money and will have motivation to continue onto to paying the next debt off.
You want to get rid of your payments? You can if you want to become debt free badly enough and if you hate how debt is stealing your hard-earned, valuable money. It is time to stop debt from stealing your hard-earned, valuable money!
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Hi! I’m Charissa. I’m on a mission to help hardworking women overcome money struggles and gain financial peace with a Biblical perspective so they can have the freedom to impact their families and communities. Ready to make some changes that will impact your finances in 2020? Click here to get a free worksheet to help you make it happen!