Filed under: Entrepreneuring
Someone recently asked me a question that I thought others might find helpful re: getting out of debt. This is the exchange – hopefully, it gives you or someone you know some good support in facing this same challenge. Please leave me your comments at the bottom as to your situation and ideas about how to handle debt. Thanks.
The Question:
Lynn, I have a problem with lack of focus. I have gotten into so many web based programs and bought so much junk that I have gotten in debt big time. How do I pull out of it?
My Answer:
Hi -
I SO understand! The allure of good marketing has the power to just suck you right in… I’ve done it myself and have shelves full of stuff to prove it! ;+)
My first thought is, naturally, do not buy anything else! Next, go through what you have to see if there’s anything in there that you can leverage to make cash. If not, put it on craiglist or ebay and pass it on…
Re: getting out of debt, there are a few things I would suggest. As with anything I say, please feel into and see if it feels good for you – it it doesn’t, please disregard it. ;+)
Anyway, just like a diet, you’ve got to ‘own’ the number. Know how far you are into debt so you have no surprises – you know what you’re shooting for in terms of a result. Next, negotiate with the lenders so that you can either freeze the interest or work out a reasonable payment plan.
Then follow the energy of your money opportunities – create a mindmap about how to generate cash. Take a piece of paper and write the number you need to create in March – add $1000 to it for good measure. From there, draw out, like wheel spokes, all the ways that can come to you… commissions, garage sale, affiliate marketing, consulting, clients, etc. Brainstorm on what you can do to create that money. Then use that as a roadmap to prioritize what you focus on next.
Please bear in mind that I am a Midwestern girl at heart, so the solution has to be practical. AND, I am a spiritual teacher so I believe in invoking in all the energy that’s required to help make that happen. One of my clients did the above mindmap, set her intention to increase from 2 students/wk to 10 paying students/wk. Within 2 wks, she was at 8 students/wk – and that was after going for 6 months without an increase! It works…
I invite you to join me on my mailing list as I send out resources and information often. Also, at the risk of tempting you with something else, I am teaching a class on how to face your fears. I figure there are no coincidences here… ;+)
If you’d like to check that teleclass out, it’s $39 and you can see it www.LynnsClasses.com. It’s both a lecture AND a separate Q and A call, so that’s 2+ hours in there.
Meanwhile, I send you good energy to power up some positive momentum! Please keep me posted… I know you can get it handled. :+)
With good vibes ~~~
Lynn
Lynn Scheurell
Creative Catalyst
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