Many people find themselves in debt at various times in their lives. Debt is not something to be ashamed of; it happens to a lot of people, and it is more often than not ultimately out of your control.
However, at the same time it is important not to get too fatalistic. No matter how bad the situation might be, how many thousands you might owe, debt is always a solvable problem.
One way or another, it can be done — and most of the time, the first step is to learn how to change the way you think about debt, and how you think about financial matters generally. To interrupt the debt cycle, you’ve got to change your mindset.
There’s More Help Than You Think
The experience of being in debt can be an incredibly lonely one. This might be especially true if you don’t really have anyone around you in the normal worldly sense. But even for couples and families struggling with debt, it can be a lonely path to try and restore the finances.
One of the first ways in which you must try to change your mindset is by considering just how much help there really is. Once you start to think about it, you see that there really is quite a lot of potential help out there just waiting to be snapped up by you.
It can sometimes seem as though the whole system is geared in favor of those you owe the money to — but the likes of a debt collection attorney can represent you if you’re a creditor or a debtor, so that is one way in which you can receive some much-needed help.
Don’t forget too that there are financial advisors and accountants galore, and they are always keen to explain to you how you might be able to make a real dent in your debt. Knowing that there is help around for you to use can instantly make a difference, even before you ask for that help. It stops you feeling lonely and lost, and helps to start putting the whole situation in a little more perspective.
You Can Create Wealth Easily
Most people unfortunately go through most of their lives with the unconscious notion that they are unable to create much wealth, or that what they can create is limited in some way. The truth is that if you have even a little in the way of resources, you can create more and more wealth.
You can spin it in more and more, by applying your skill and your mental faculties, and the only limits are those you place on yourself. Of course, it is quite one thing to know this and another to act it, but it is still worth reminding yourself from time to time.
Part of the psychology of debt is that it robs you of your sense of abundance. But this is ultimately untrue — you are always able to bring about abundance, and bearing that in mind will make it more likely that you actually do.
The Worst Case Scenario Test
Even with terrible debt, it is always worth thinking about how much worse things could be. This is a useful thing to do because it puts everything back into perspective, and you can remember that it is not so bad as it could be. If you ever find yourself starting to feel a little overwhelmed by your mounting debts, try to take a step back and think to yourself: what is the worst case scenario of this debt?
In many cases, you will actually surprise yourself by discovering that it is not as bad as people generally think it is. Most debt will not leave you starving and homeless, for example, so those are already two things to be grateful for. As it happens, that leads us nicely to one of the most powerful mindset alterations you can ever make.
Gratitude = A Great Attitude
Here’s a psychological shortcut more people should make use of. If you are able to encourage yourself to feel grateful for what you already have, rather than mourn what you are missing, you will find it brings about great change very quickly.
Gratitude has a way of opening you up to more abundance, so the irony is that when you feel you have the least to feel grateful for is exactly when you should try to feel more grateful. It is hard, but it is worth it – it puts you in the right frame of mind to go about fixing your problems, notably your debt.