Step 7: Don’t give up
Posted by Karsten on 31 Dec 2006 at 07:30 am | Categorised as: General, 7 Steps to freedom from debts
This is the final step in my series of steps to take in order to get out of debt. It’s also the most important!
There’s a good chance that you didn’t get into debt in one day - and it’s very unlikely that you’ll get out of debt in a day. You could of cause win the lottery - but then - if you can afford to play the lottery, you’re not really serious about getting out of debt.
Quick fixes doesn’t work! They never have - and they never will! Although you never hear about it, countless numbers of “winners” in lotteries all over the world end up pennyless after a few years. Easy come - easy go!
The point is - no one ever taught them how to manage their money - so they end up spending them on luxury items and “friendships” that won’t last, rather than making sure that they’re finacially safe in the long term.
The lessons you will learn about controlling your finances, while working your way out of debts, is going to be a lifelong asset for you. In the long term you will be able to enjoy life - without the hassle of owing money to anyone - bringing great peace into your life, and enabling you to focus your mental energy into more productive things than worrying over your finances.
An important thing to remember, though, while working your way out of debts - is to make sure you don’t fall for the temptation to deny yourself everything. Part of the excersise is to learn how to live a life in balance, and while it is important to get all your debts paid off, you must reward yourself from time to time.
You deserve it!
Technorati Tags: Managing money, Pay off debts, Debts
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