Get out of debt forever
yes it is possible,
mainly I focus with Money Coaching on bringing money in,
so when someone brings up debt half way through a session, I know it is probably a little more serious than they are letting on,
so I recommend taking dramatic action.
My 2 steps are:
Firstly: Dramatically, drastically reduce all your expenses
This does involve having really horrible, embarrassing conversations with people, about getting out of things you have committed to, that are awkward and emotionally yuck.
Remember that yucky feeling is what will stop you going into debt again. Breathe.
I did say they were dramatic.
Secondly: Get a part time job
All my clients are in business and we try and get a quick win on their business or schedule a follow up session.
The reality is sometimes businesses go through peaks and troughs or they just take longer to make money that you expect so getting a part time job does at least bring in some income, which does make a difference.
Now these are quite dramatic solutions, and the reason is to try and shock people out of denial, into dealing with their debt.
Often there is someone in their life they can talk to but they haven’t because they are too embarrassed.
After a conversation with me! They are much more likely to do that and come up with a less embarrassing, less awkward situation.
So it is about getting out of denial and into action because once you are in action, the worry and the stress just calms down quite a lot.
It can be done and all my clients who have followed this advice have got out of debt and none of them have got back into debt.
So I know it is a difficult subject and I wish you the best with it.
Thank you for watching.