Lean into the fear and face your debts is the topic that I shared in the Amazon Number 1 bestseller – The Abundance Factor.

If you truly want to live an abundant lifestyle then you need to release yourself from the chains of debts.  You need to take clear action so that you can allow more money to flow to you.

Face Your Debts

Focusing on debt can of cause attract more debt, but focusing on debt elimination will not attract more debt as you are in fact showing the Universe that you are taking control of your money, and this has a different energy level to it.

You are clearing saying that you want to eliminate debt. It is a subtle yet quite powerful difference.

Dealing with debt by getting organised, and making a simple repayment plan, will alleviate any stress and fear that you have about your debt, freeing your mind to concentrate on the positive thoughts and attracting more abundance.

What can I do?

While worrying about debt gives you more debt, having a debt elimination plan gives you a reduction in debt. So let’s change your feelings about debt by getting practical and creating a healthy money habit.

The first thing to do is face your demons head-on, make sure all your bills are opened and are downloaded.  It’s time to stop burying your head in the sand.

Remember, we want to make dealing with debt a positive experience, so it’s best to do this when you aren’t tired and you have plenty of time to deal with all the paperwork in one go.

You are taking inspired action so best to get this done with some speed.  As you try to keep the mood upbeat, try playing your favourite music or have a positive or wealth mindset meditation playing in the background.

This is not a chore – it is something you need to do – you’ve accumulated so now you need to deal with it.

You need to be in the best mental place you possibly can be when you do this work.

Gratitude

When you open your bills or statements, say thank you.  It might seem a little weird at first, but for each bill we have it is for something that has been received or about to be received – so this is an opportune time to practice gratitude.

As you examine your credit card statement, reflect on all the fabulous purchases you have made, or the necessities that your account has allowed you to purchase.  There is always something to be thankful for.

Taking time when opening your bills to appreciate what you have in life helps to reduce the stress associated with them. Let’s face it, no one really likes paying bills, but making the best possible positive action we can, will really help wit our attitude towards them.

Remember the more you express gratitude, the more abundance flows to you.  Your feelings are important. You will feel better about your debts if you are organised and you do this by creating a debt repayment plan.  Such a plan helps you to keep your eye and your feelings on the price of debt elimination rather than debt accumulation.

Producing a debt elimination plan, might not sound exciting but it is simple to do. Grab a piece of paper, and make a list of everything you owe, including the amounts, minimum payments due.

Work out the maximum you can afford to use to pay off your debts, allocate the minimum payments to each balance and the rest should be used against the smallest balance, and then when that has been repaid in full, the amounts get allocated to the next smallest balance on your list.

It can be that simple.  The debt, of course, is still there but for now, you are no longer thinking about it from a place of fear.

What else can you do to think positively about your debts?

Well, visualization is a fantastic tool to use. Visualise receiving your credit card statement, looking at the balance and it is nil.  Visualise receiving your bank statement, and seeing your desired balance available to you in cleared funds.  Alternatively, visualise a letter from the bank saying your mortgage has now been repaid in full.

And visualise this often!

It will take time to start to believe these visualisations, but when you do, your unconscious mind will start to look for ways to make this happen, and will therefore help you bring more funds to you that you can use to repay your debts.

Remember – eliminating debts is one of the main money habits you should be developing – along with having a plan for your money (in other words, budgeting), routinely saving, and spending consciously.

If you need any more help with setting these basic money habits then please join me in The Financial Fitness Society.