I don’t know about you, but I feel very strong negative energy when it comes to debt…. And this applies to any debt – credit cards, loan payments, mortgages. Mounting debt adds pressure and toxic energy to your life, would you agree?
But is it a necessary evil? Let’s take a closer look at this topic.
Before you buy anything or incur any expense, ask yourself these two questions:
Having debt can be very dangerous and extremely stressful. Yet it is widespread and sometimes even encouraged in our society.
When banks give you a loan despite your poor credit rating, or credit card companies allow you to carry over balances, or colleges make arrangements for you to obtain student loans that will cover your out-of-control tuition, they don’t do it “for you” but rather “to you.” They don’t do it because you are an honest and deserving person. It’s strictly business and a profitable one.
There are a few occasions in life when debt may be useful: when buying a house that you can afford, or buying rental properties that have positive cash flow, or obtaining a reasonable student loan for a profession that requires formal educational credentials.
However, most of the time, debt is unnecessary and often dangerous. It is unnecessary because there are often more gradual and less expensive ways to get what you want. It is dangerous because it often becomes a downward spiral, a ‘catch 22’ that ruins your health, your relationships and your overall wellbeing.
Remember that in case of a mortgage, a credit card debt, a student loan or a car loan, the interest that you pay is compound interest.
Often children and parents spend a lot of money on college education. But graduates often end up struggling with finding jobs in the current economy and cannot afford to repay the debt of both tuition and compound interest charges. Incurring debt for education must be seriously considered on the basis of your personal situation. A college education may not result in a high-paying job or even guaranteed income.
When you borrow money to buy a car, a house, or furniture, make sure that
The bankers, investment advisors and many politicians don’t want you to be afraid of debt, they want you to embrace and be comfortable with it because it is profitable for them!
If you want to achieve financial freedom, here are a few ideas for you to consider and implement:
Living in fear of bill collectors and feeling overwhelmed about mounting debt is not the life you were meant to live. You can do much, much better! Once you make a decision to change your priorities, become financially free and cultivate simple and healthy money habits, you will be, without a doubt, on your way to financial freedom.
*Some of the text is taken from my upcoming book “A Shift Toward Abundance”
To Your Health, Wealth and Freedom!
With Love and Gratitude,
Millen has a way of opening up conversations that not only make you feel safe to talk about money, but her questions have been so profound that they have made immediate shifts in my mindset and my circumstances have changed almost immediately too, including more money showing up, but more importantly, more and more opportunities. I have found new and inspired direction, and am feeling a lot more peaceful and excited about life in general. Millen offers so much value and a solid advice! She is a big picture thinker and it is infectious! Thank you, Millen, from the bottom of my heart and the top of my soul.
Millen Livis is a gift to humanity. Millen is very generous with her time and energy, sharing her vast life experiences and strengths, empowering me to become a better human being. Millen has impacted my life spiritually, emotionally, physically and financially, by her encouragement and clarity. I have not said, “Thank you!” enough.
Millen brings together an interesting mix of feminine wisdom, clear logic, assertiveness and humility in all of her interactions. With her warmth, intelligence, diverse experience and passion for ‘Dare to be the best you could be’ message, she inspires other women to reach for the goals they set for themselves.
Using laser like energy, Millen gives her full attention to your issue and stays with it until a satisfactory resolution or conclusion is reached. Open minded, yet direct and honest, Millen balances objectivity with compassion. It is a joy to work with her!
I would be honored to help you live your best life.
There’s no obligation. Only opportunity.
BEST THINGS come to those who seize the moment and make it their own!