Focus on Debt in 2007 – NOT

Here’s a great example of why I very rarely read the newspaper anymore. This is the front page of the Press Democrat Business section from yesterday. What do you notice? Think in terms of the Law of Attraction.

Hint: What you focus on expands.

Do you think a newspaper has a certain amount of credibility? Do you think that when a newspaper advises its readers, in BIG BOLD LETTERS, to Focus on debt, that people are going to listen? Yup. And what will the result be?

I’ll give you one guess and in case you forgot, here’s that hint again: What you focus on expands.

If you focus on debt, it’s going to expand in your life.

Now, I’m not suggesting that you ignore your debt. If you’re from the Ostrich school of financial planning, (I was enrolled in that school for a number of years!) I suggest you get your head out of the sand immediately, and take a good look at your financial situation.

But it’s one thing to take a clear, honest look at your finances, it’s another thing to FOCUS on your debt.

I am most definitely suggesting, that you do not FOCUS on your debt. Don’t dwell on it. Don’t allow debt to become a major element in your thinking. And certainly do not allow debt to become a major source of your feelings.

Remember that the Law of Attraction works on feelings. So consider how you feel when you think about your debt. You want to do whatever you can to stay away from those feelings.

You want to focus on cultivating feelings that are nurturing and supportive. You want to spend a lot more time thinking about financial freedom and getting in touch with the feelings of financial freedom.

Your feelings activate the Law of Attraction which is a very powerful ally and guide on your journey towards financial freedom.

When my wife and I set an intention to become debt free, within three-months of our intention a friend offered to loan us enough money to pay off all of our personal credit card debt. (Not an insignificant amount of money).

(For debt consolidation loans from friends and family such as this, I highly recommend Circle Lending).

So how do you get out of debt without focusing on the debt? Here are some suggestions and tools for cultivating positive thoughts and feelings on your way to Financial Freedom… Debt-free is just one little stop along the way!

Set up a workable debt-reduction plan that will work mostly on “autopilot.”

Choose a debt reduction plan that will work for you. I recommend the Debt Reduction Process in Ask And It Is Given. (Dave Ramsey advocates a very similar debt reduction process he calls the debt snowball here).

If you’ve always heard that you should pay down the high-interest debts first and feel like you want to use a high-interest debt first plan, Five Cent Nickel has an entry comparing Dave’s plan to a plan that pays down your high-interest debt first.

Once you have decided on your debt reduction plan, set it up to run on “autopilot.” You’ll know what your monthly payments are for each credit card, so set them up to be paid automatically each month either through ebills or your bank’s online bill paying service. This way, you will spend very little time and energy focusing on your debt each month. Instead, you can use that time and energy to focus on your future financial freedom.

Find statements from all of your credit cards that show a zero balance. (If you don’t have old statements, than use white out to cover up the actual balance and write in 00.00). Post these statements in strategic locations where you will see them on a regular basis.

Create a collage or a vision board with images that reflect how you want to feel about your financial situation. Choose images of people relaxing and enjoying life. Include images of activities you would enjoy doing with the money that is currently going towards your debt payments. Place your collage where you will see it on a daily basis.

Start saving for your financial freedom now! Don’t wait until you’re debt free to begin saving and investing. Remember, what you focus on expands. For more on why this is important, I highly recommend reading this.

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      4 Responses to “Focus on Debt in 2007 – NOT”

      1. We’re In Debt » Rodeo of Debt Reduction #2 on January 13th, 2007 1:10 pm

        […] 2. Second up was the Carnival of Debt Reduction at Money Matters. It was a basic Carnival, but it was full of gret information. Be sure to check our Evolving Times effort to get you to focus on your debt for 2007. […]

      2. Personal Development Carnival 01/14/07 - Spirituality Applied to Life - Balanced Life Center on January 13th, 2007 10:56 pm

        […] Evolving Times presents Focus on Debt in 2007 – NOT posted at Edward Mills. […]

      3. Al Lindenberg on May 10th, 2007 7:24 am

        My daughter recently graduated from college. She wanted to purchase a new car. We decided to use There services were very easy to use and we found them to be much less expensive than other companies. It is always a good idea to teat all of your children the same, so we will use this service if any of the other children would like to borrow money.

      4. Edward Mills on May 10th, 2007 5:21 pm

        Hi Al: Thanks for the tip about one2onelending. We’re stopping with our one daughter, so we won’t be getting into the issues of treating them all the same!

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