Do you want to know how to get rid of debt and finally live the life you’ve always wanted?

Most people are worried about debt. And most are always looking for ways to get rid of their debt. 

What most people don’t know is that debt has to do with your money mindset. It’s also related to the energy you assign to it. 

So today, we will be talking about how to get rid of debt and how to increase your wealth and abundance.

 

 

Good debt vs. Bad Debt 

 

What comes to mind when you hear the word debt? 

Most would have a negative notion when it comes to debt. But like money, debt can also be good or bad. 

The adage, “It takes money to make money” comes into play when we’re talking about debt, especially with business. 

If it helps you to increase your net worth, then it’s good debt. 

For example, getting a loan to pay for your college tuition can be considered as good debt. Investing in yourself and your education can help you get better chances at work later on. 

Your college degree can get you the edge you need to compete in the workplace. And getting higher degrees can also increase your chances of promotion later on. 

Getting a loan to start a business is also a good example of good debt. And so is getting debt for homeownership. 

On the other hand, bad debt involves borrowing money to purchase assets that depreciate your net worth. 

These purchases usually don’t generate income but rather become a liability. 

For some, it’s buying the latest mobile phones. For others, it’s the shopping spree. Some get new car models that cost tons of money. 

Probably the worst form of bad debt is credit cards. 

A credit card in itself is neutral. But the way you use it can go either way. 

Most of the time people who use a credit card think of it as an extension of their cash. What they don’t know is that the interest rate is much higher than the rates on consumer loans. 

This behavior causes more problems. Instead of getting out of debt, it makes it more difficult for people to pay off their loans. 

 

Debt and your money mindset 

 

 

In my years as a money mindset expert, I’ve encountered so many clients with debt problems. 

Almost all of them didn’t have problems creating money. Actually, they were good at it. 

The problem was, most of them couldn’t keep the money they make. 

Despite having a good job and a steady income, these clients still struggle with credit card debt. 

Some struggle to pay off their college debt or house loans. 

Some find themselves out of debt for some time. But a few months later, they see themselves in debt again. 

It’s an unfortunate cycle, and it’s something we see happening all the time. 

And the reason behind this isn’t about the debt itself. It’s all about your mindset around money. 

Your energy and emotions are connected with how you deal with debt and money. 

And the reason why you can’t get out of it is that you feel you still don’t deserve it.

There’s a lot of fear and shame about debt. This is also the reason why it’s so difficult to get out of debt. 

We are sensitive to how we deal with our finances. It can get difficult to talk about finances and be transparent about it because we fear judgment. 

Remember the three levels of the mind? We have the conscious mind, the subconscious mind, and the superconscious mind. 

[Read more about the three levels of the mind here: https://gullkhan.com/2020/08/30/the-conscious-mind/]

Your conscious mind may have helped you create wealth and abundance. But in your subconscious, there’s still a part of you that believes you’re not good enough. 

It’s possible that you still doubt yourself and your worth. 

That’s why it’s difficult for you to pay off existing debts. And that’s why debt becomes such a stressful thing to address. 

 

Why you can’t get rid of your debt 

 

Most of the people I spoke with about their debts often have to deal with the negative emotions they have around debt. 

Some feel shame and guilt for having so much debt. Others feel anxious and insecure about how much money they accumulated and how much debt they’ve gotten as well. 

They also fear being judged for not managing their finances and still have debt despite the increase in their income. 

Let’s take accountants for example. 

Most accountants are geniuses when it comes to fixing other people’s books and finances. 

But when it comes to their own, it’s a nightmare. 

 

 

This is because of the emotions they unconsciously attach to their own money and finances. 

Accountants can fix other people’s books because these books their emotions aren’t involved. Because of this, they can make logical decisions and come up with the best strategies. 

But when they deal with theirs, they are usually overcome with guilt, fear, and shame. 

If you’re not able to get rid of your debt, this means there’s still an energetic imprint of your past self. Your subconscious still believes you’re not worth the financial stability you so deserve. 

Negative feelings and emotions around debt are much stronger triggers compared to having savings. 

It can reflect deeper, darker shame and insecurities about ourselves. It can also trigger feelings of unworthiness and bring you down to lower vibrations. 

You might think of debt consciously or unconsciously and you might not be aware of these negative emotions. 

But when you focus on the anxiety caused by your debts, it will be what you manifest. 

This is also the reason why people can’t go beyond debt. Even if you clear your debt in a few months, your credit card would probably get maxed out again in a matter of time. 

 

Energy Clearings, Forgiveness, and Debt 

 

I’ve said it before and I’ll say it again. Your mindset and attitude around money is the product of all the experiences you’ve had in the past. 

Some of these beliefs may have been inherited from family and friends. Others may have been conditioned to you by society or other influences. 

But then, there’s also the universal law of money. Your wealth and abundance start with you. 

The same goes for debt. You have the power to take control of your finances and get rid of debt. 

A huge part of ending the debt cycle is to forgive yourself and clear your energy. 

Let’s talk about forgiveness first. 

 

 

Your relationship with money relates to your emotions. And most of the time, we have negative emotions attached to money and finances.

So I’d like to remind you that money is neutral. It shouldn’t bring you pain or shame. 

You assign this emotional attachment, and you also have the power to remove it. 

You need to realize that you are not your past mistakes. You need to learn how to move forward and reshape your thoughts and emotions around money. 

One way to do that is through gratitude.

Focusing on gratitude increases your vibrations. It also helps you focus on the good things and reframes your perception. 

Forgiveness can open doors and clear up the negative energy that you have. It helps you let go and prepares you for better opportunities. 

When it does, you’ll find new and creative ways on how to get rid of your debt. 

 

How to get out of debt quickly

 

I’m not saying that a credit card is evil. Having a good credit line is what we’re aiming for.

The point of all this is for you to learn how to spend your money wisely and get rid of the blocks that prevent you from growing your net worth. 

I also want you to become debt-free in the shortest amount of time. 

The goal is to pay off the debt as fast as possible. And find the best ways you can start. 

Here are some ways on how you can get rid of debt and how to find ways to get out of debt that works for you. 

 

Use your credit card wisely 

 

 

Look for a credit card with the best interest rate. 

If you can, find ones that have a zero interest rate option and minimum payments that fit your budget.  

You can also look at refinancing higher interest cards so you could get a lower interest rate. 

It also makes sense for you to pay off your credit card with the highest interest rate first. These cards cost you more money in the end, so make sure to deal with it first. 

 

Set a budget and stick to it 

 

Create a budget and cut costs in all aspects of your life. 

Do a budget audit and see which parts of your current expenses you can do without. Start with the stuff you do for entertainment. 

Are you still paying for cable? How many subscriptions do you have that you don’t use? 

Check your grocery list and see which ones you can do without. Look for brands you can replace with much cheaper options. 

Assess the way you spend and see which ones you can do without. Try and keep things simple and live frugally. 

 

Sell some of your stuff 

 

 

Another way to get out of debt is to sell your stuff to get extra cash. 

Selling can give you a win-win situation. It helps you clear our space and gives you a way to keep living frugally. 

It can also help you let go of the negative energy that comes with the stuff you buy. 

Some people use shopping as therapy. Others buy things to impress others and improve their social status. 

Whatever your reason is, letting go of what you buy to make room for yourself can bring you peace of mind. 

It can also help you manage your debts better. 

 

How do I get out of debt with no money

 

But Gull, how do I get rid of my debt when I don’t have enough money to pay for it? 

You know what? I’ve been there before. I know how it feels to have no money coming in despite my achievements and talents. 

And I’m not sharing these things with you to judge you or your lifestyle. 

It’s not easy to take care of maxed-out credit card bills. And it takes time to completely get out of debt. 

I’m telling you these things because it can be done. You can pay off all your bills on time. 

 

 

You can lessen your debts even without having the money. 

You can manage to pay off your college loan, that mortgage, and those past due credit card statements on your desk. 

And I can help you with that. 

All you have to do is follow three simple steps. 

1. Identify what you feel about money. Doing so will help you know what to change and how to change it. 
2. Create five accounts to help you let go of the guilt and shame you have around money. You can start with 1% for each account so you’ll have money to spend on debt, investment, larger purchases, or just to have fun.
3. Increase the percentage as you go. Start with 1% then go as high as 5% as more opportunities come.

Learn all about how to increase your cash flow and get rid of debt here: https://gullkhan.com/2020/08/22/cash-flow-mastery/

 

Conclusion

 

Learning how to get rid of debt takes more than having the money to pay off your debt. 

To get out of debt, you must first understand how you respond to it emotionally. 

When you understand it, you’ll be able to come up with the best and most logical solutions to get rid of debt. 

Listen to the full podcast below. 

 

 

Ready to change your money story? 

Join my Millionaire Mindset Makeover today. Register here: https://www.millionairemindsetmakeover.com/challenge 

Did you know that when you start to focus on yourself, good things happen?

Focusing on yourself gives you the chance to be grateful. And when you do, true abundance, wealth, and happiness happen.

Today, we’ll talk about how you can focus on yourself and tap into more opportunities for yourself and others.

Let’s get started.

 

 

What does focusing on yourself mean?

 

Most people usually think that focusing on yourself equates to narcissism. Some of us think it is selfish to just focus on you.

But that is not the case. It is actually about having a good sense of self-worth, self-esteem, and self-love.

Let’s define the differences between the three, so we have a better understanding of how we can achieve them.

 

 

Self-esteem is how you think others see you, while self-worth is how you see yourself.

Self-love is accepting who you are. Self-love is also making sure that your actions affect you positively. 

Let’s compare that to narcissism. Narcissism is thinking that we are above everyone else. 

Narcissistic Personality Disorder usually involves behaviors that often lack empathy and consideration for other people. They also often have an extreme and constant need for admiration. 

Narcissists also often use harmful behaviors to manipulate others into doing what they want.

This is exactly the opposite of what we mean.

Focusing on yourself means prioritizing your needs for your well-being.

 

 

Mothers often think of their families before themselves. And because of that, we often forget to focus on ourselves.

That’s why you often hear mothers talk of being too tired to do anything else.

We often forget that our self-worth defines the standards you set for ourselves. You create the space that’s supportive of your growth.

Loving yourself won’t let you get affected by negative things. Self-love reminds you of what you deserve and don’t.

So, if you know all of that, you can chase only the best opportunities that will create abundance for you.

You won’t let yourself fall into situations that will only make you lose wealth than gain wealth. 

Now, how do you make sure that you have a good sense of self-esteem, worth, and love? Focus on yourself. 

 

How can I just focus on myself?

 

But Gull, I do focus on myself. 

I get regular massages, I exercise, I try to eat healthily. And I do journaling to understand my thoughts.

But why hasn’t this created an abundance of wealth yet? 

The problem is, we often focus on other people’s success and measure it with ours.

We tend to create standards from how we see other people and from what we see in the media.

That’s the real struggle. How do we create our own standards that fit us?

Here are a few things that will help you boost your self and focus on yourself.

 

Receive with gratitude

 

Believe that whatever good you are receiving is what you deserve.

And then, be thankful rather than doubting your blessings. 

A lot of people always seem to think that if they don’t do enough to earn their greatness, but if you receive with gratitude then more of these things will come to you. 

 

Do things you love

 

Start investing time in your hobbies or learning something new.

Think of that one thing you didn’t do because you always say you don’t have time because you are too busy working on your job or business. Do that now.

When you make time for the things you love doing, you give yourself time to grow. You give yourself time to focus on what you truly want.

 

Journal

 

Write down your thoughts and feelings. List down affirmations and your best assets.

Take note of the things you’re thankful for each day.

 

 

Journaling gives you a safe space to write down anything you are too embarrassed to say out loud.

Tracking your behaviors and feelings will help you become aware of what you should be focusing on.

Focusing on gratitude gives you less time to think about the negative situations in your life.

You’ll notice how your focus will shift dramatically. Certain people and situations become less triggering.

And all of a sudden, these things start affecting how you act and feel, and it takes away the fact that you should’ve been focused on yourself instead.

 

Why is focusing on yourself important?

 

There are many benefits when you start focusing on improving yourself.

For starters, working on ourselves will help boost our self-esteem and that will lead us to believe that we deserve the abundance we receive.

We took a few reasons from Positivity Blog to tell us why it is so important to focus on yourself.

 

Self-love is empowering

 

We tend to adjust who we are based on our social media feeds.

We do this because we feel that this is what will make other people like us.

But that is not the case. You have to like who you are for people to like you. 

Liking yourself is power. Knowing yourself is strength.

This way no one can break who you are down. And those who try to aren’t the ones you should be surrounding yourselves with in the first place.

 

Limits negative emotions

 

 

Having great self-esteem will eliminate the need for other people’s validation.

When you always need to hear affirmations from others, the negative things will impact you greatly too.

Focusing on who you are and what you like about yourself will save you time that you spend feeling bad about yourself. 

This way life doesn’t have to be hard too. You can start living life just focusing on you because you don’t have to impress anyone else.

 

Your thoughts manifest into reality

 

If you think good about yourself, it is easy to feel good and think good about others too.

But if you look at yourself negatively, it will also manifest in the way you look at other people. 

You always have to look within and work on that before you can make others feel good too.

If you achieve these positive things into your life, it will be easy to manifest abundance because you will think that you deserve it.

It will be easy to receive abundance as well because you know your worth, and that is what the universe will give you. 

That is why focusing on yourself is so essential because by doing this you will block what is not serving you.

 

How do I focus on myself and be happy and abundant?

 

I haven’t watched the news in years.

It’s just too much information for me to absorb. The news will find a way to me if it’s really important

While some people find the need to keep updated with the news, I just feel like it’s not for me.

Sometimes you just have to let other people be. You can always agree to disagree and be fine with it. 

The people who knew me in the past nows how much I love discussions. I love picking brains and talking things out.

But as I grew older, I realized there’s no use in convincing others about changing their thoughts. Not everyone is going to be ready to accept what’s truly best for them.

And I’m at peace with that.

 

 

I don’t let other people’s opinions get to me.

The trick to this is being self-aware as well. Know what you believe in, and don’t let the negative comments get to you.

So be aware of the people you hang around with because they can affect how you think.

This doesn’t mean that you should start cutting out all the people in your life.  This just means that you have to be conscious of what information you retain from them.

According to Greater Good Magazine,  people feel more satisfied when they help others. And they feel more exhausted when they treat themselves.

I think that we live in a world where we think it is selfish to give ourselves what we want, but that is not the case. We should always find a balance of helping others but also helping ourselves.

This is our path to our happiness. And when we are happy, abundance will follow.

Read more about self-love and abundance here: https://gullkhan.com/2020/08/22/self-love-abundance/

 

Conclusion

 

Abundance starts when you focus on yourself.

When you do, you realize your own worth and focus on what’s truly important to you.

Then you notice the right things and opportunities that align with your mindset. And that’s where true wealth is.

Check out more about focusing on yourself in my podcast below.

 

Ready to change your money story?

Register to my Five-Day Millionaire Mindset Makeover Challenge here: https://www.millionairemindsetmakeover.com/challenge