Debt is something that many of us take for granted as being necessary to live in the modern world.
But is it really necessary?
By debt I mean unsecured debt. In other words borrowing money that is not secured on collateral such as a house or other asset.
Debt is like most things in life, used wisely it is helpful to living but should it get out of control can have serious consequences.
Consequences such as, loss of peace of mind, emotional stress, damage to relationships etc. Though it is often difficult to see the connection between these things and out of control debt.
Out of control debting is usually a symptom of some underlying malaise. This is often characterised by low self esteem and under earning.
Often people will yearn desperately for financial prosperity and solvency but deep down feel that they are not really worthy of it. This creates inner conflict which drains you of energy and vitality. It is important to identify the causes of habitual debting which often have an emotional or psychological basis and are not always caused by outside circumstances such as a credit crunch or recession.
Symptoms of habitual debting include, using credit cards to pay household bills, borrowing money recklessly caring little if it is repaid or not, applying for loans, not expecting to be approved and then experiencing an inflated sense of achievement when accepted.
Most people yearn to be debt free and the number one rule in overcoming debt is simple:
YOU CAN NOT GET OUT OF DEBT BY BORROWING MONEY.
Although this sounds simple and obvious, it flies in the face of conventional advertising, telling us to get out of debt by borrowing more to consolidate our loans. People who need to borrow more to help them pay existing loans are generally already in trouble.
That is why you need to look at the underlying causes and conditions.
It is more easy to spot compulsive action when it involves, alcohol and drugs etc. However debting can also be compulsive and if so it has life damaging consequences. Being powerless to make sound choices involving debt can be just as serious as making unsound choices in using alcohol or drugs or food.
The first step in recovery is to recognise that you are in the grip of a progressive illness, and you need to have the desire to get well.
Anyone in the grip of this illness can get well but experience shows that this will rarely happen for the man or woman who cannot, or will not face squarely, the facts of their compulsive actions.
Paste your code here!
