The Permanent Debt Solution


Defining your debt problem correctly is critical to solving it.
That’s where most debtors run into trouble. They mistakenly define debt as a financial problem, thus developing financial solutions.

That’s why their debt returns shortly after paying it off. They fail to identify the root cause of debt, opening the door to repeating the vicious cycle.A permanent debt solution requires a plan of attack based on proven principles that will actually work.

When you just pay off your balances, you relieve the painful symptoms. But the underlying condition that put you in debt in the first place still lurks under the surface like an insidious cancer ready to return.
Debt’s real cause is personal life habits and attitudes that result in overspending. In other words, the true solution is personal – not financial.
Debt's real cause is a personal problem: pursuing life habits and attitudes that result in overspending.
That’s a key principle. Understanding this principle is what will make or break your success in slaying the debt monster – permanently.

Treating the Symptom Instead of the Cause

When you get a headache, what’s the logical response? You reach to the medicine cabinet for immediate pain relief.
Unfortunately, the various pills do nothing to cure the underlying disease. They merely treat the symptom. The cause could be excessive stress, brain cancer, dehydration, eye strain, or any number of other issues.
By taking a pill you’ve treated the symptom, but not the underlying cause.
The same is true with debt. Everyone knows they need to make more and spend less to solve their debt problems. As a result, they pursue financially driven solutions to relieve financial symptoms. It all seems logical on the surface.
Whether you choose to consolidate your credit card debt to lower interest rates or you choose any of the quick-payoff strategies (inheritance, gift, sell an asset, bankruptcy, home equity line of credit, or refinancing), the reality is you’re treating the symptom and not creating a lasting cure.

You’re performing the financial equivalent of blowing your nose when you have a cold.
The only permanent solution is to change your life habits and attitudes that got you into the problem in the first place. You’re the cause of your debt, and you will be the solution.
Your financial problems are merely the accumulated reflection of the many small financial mistakes you’re making on a daily basis – often without knowing any better
That’s why teaching a debtor to spend less and earn more is like telling someone to lose weight by eating less and exercising more. Everyone already knows that’s the answer. The difficult part is not knowing what to do, but actually getting it done.
The solution is your daily habits and attitudes.

How I Broke Through the Debt Barrier

I first discovered this approach to debt recovery in my work as a money coach. I started out making the same mistakes as everyone else.
I thought debt problems were financial, so I coached my clients to financial solutions. The lackluster results proved it was the wrong approach.
The breakthrough came when I noticed my wealthy clients were living the mirror opposite habitudes compared to my get-out-of-debt clients. For example:
  • My wealthy clients viewed their financial situation from a position of self-responsibility, whereas my debt clients were victims of their finances.
  • My wealthy clients had strong financial awareness and paid attention to the details, but my debt clients only focused on finances when problems surfaced and preferred the whole “financial thing” would just go away.
  • My wealthy clients planned their finances, but my debt clients had no plan.
  • My wealthy clients organized their plans around delayed gratification, whereas my debt clients pursued instant gratification.
  • My wealthy clients associated their self-worth with intrinsic values, and my debt clients associated self-worth with extrinsic stuff.

Wish you a very HAPPY and prosperous WEALTHY DIWALI"