Personal Growth Matters for Your Financial Freedom this changing times.
The first step towards achieving financial peace is to take personal responsibility for your actions by developing habits for healthy personal finances. What if you are in 400,000 Naira debt today? You can hardly pay your bills, and your life is going downhill. You can pull yourself out of debt simply with these four simple steps. It all starts with changing your thoughts. And your thoughts will change your attitude towards money.
1. Visualize & feel who you want to become
The very first step is to visualize vividly who you want to become financially. Visualization is to your subconscious mind what nutrition is to your body. Okay, so your goal is to pay off 400,000 naira. Imagine how happy you will be when you can scream, “I am debt free.” Imagine how happy you will be when you can do those things that you love to do but fear because spending more will lead you towards financial ruin. Imagine how great you’ll feel when that credit card bill arrives without any outstanding amount.
Write these three or four most exciting feelings on a paper that you can read in the morning, at a lunch break and before going to bed.
2. Have a written plan
You have conditioned your subconscious with action propelling statements; now, it’s time to take action. But, you are not ready yet. It’s time to write down how you will pay 400,000 naira The trick is to visualize a problem in smaller scale. You don’t get intimidated by a foot of snow in your front yard as you know that you can remove that a square foot a time; so is your task of paying off 400,000 naira Target smaller, achievable goals
You have to set smaller, achievable goals that you are confident about. Without goals, you are living re-actively, letting your worries push you around. Set a goal to pay the dept with the smallest outstanding balance of 250,000 naira first. Now, you have written down your goal to pay off credit card with smallest balance first while you keep paying minimum for the rest of the cards. You are one step closer to having a plan that your subconscious can affirm and act upon.
· Set up a budget
A simple budget is a blue print for your home of financial peace. You have already committed to paying off 250,000 naira in six months. So, you need additional 200,000 naira monthly to achieve this goal. If you can’t earn more, look at your monthly recurring bills — your cable bill, your club dues. You’ll find money to cut your expenses by 10,000 naira. If not, you will look for additional sources of income.
3. What will you sacrifice?
You have to sacrifice to move forward. This is true not only for your personal finances, but also for any facet of your life. By making conscious choices you are developing habits that are conducive to your financial success; and avoiding those that are against your goal to pay off 400,000 naira It’s time for you to first track your expenses and choose to bury any non-essential expenses forever. You can track your expenses with simple tools like develop your own simple plan to track your expenses. Once you start tracking your expenses —it will become easier for you to cut down on unnecessary expenses to save money. Or you may find that your passion to teach Math can bring money to pay towards your debt.
4. Commit
Commit yourself: set smaller, achievable short-term goals; have an action plan and, finally, take action. You’ve done an incredible job of training your subconscious mind. It’s time to make your subconscious mind work. And work really hard.
· Start a blog
Some of the most successful bloggers launched their blogs when their financial journey was anything but perfect —the simple dollar get rich, to name a few. They have not only achieved financial freedom by sharing their own story, but also mastered the art of personal finance by committing to learn and to share their ideas with countless others on the Web. It’s your turn now.
· Tell your friends and family members
If you don’t have desire to start a blog, start sharing your financial goals with your friends and family members. They will help you stay the course until you pay off your debt.
Do you realize that, all along, you have become a better person by developing habits that are needed for healthy personal finance?
