If you want to eliminate debt from your life and take control of your money, then you have to be all about developing good habits and discipline that you can maintain for the long term.
You have to change the way you think, the way you react to certain situations, and the way you feel about those situations if you want to succeed at anything in life, especially money.
But eliminating debt can be difficult because habits, behaviors, and thought processes can become so ingrained that you have to really enter into battle mentally to make that change happen for you.
Why is that?
It’s because the deeper, more ancient part of our brain is geared to work in a mindset of scarcity. In our earlier pre-civilization days, survival was difficult, and when you encountered an opportunity to acquire something such as food, water, or other materials for survival, you took advantage of that opportunity because you didn’t know when it would be available again.
That deep brain is all about getting what you need.
You Want More Than You Need
Your deep brain is also all about fitting in socially. Why? Because fitting in is a survival mechanism. When you fit in to a group and don’t have to go it alone, you have access to more resources, and you’re less likely to get eaten by a lion.
But in the highly developed society we live in today where most of us have more resources available to us than we actually need, our brains still try to convince us to acquire things, whether we need them or not.
Our deep brain convinces us that we “need” that 1,200 calorie supersized meal or that great pair of shoes or that cool gadget.
So we end up spending money we don’t have on stuff we don’t always need.
That is, unless, we use another, more developed (hopefully) part of our brain and make a conscious effort to override that deeper, more primitive drive.
When you’re about to spend money you know you don’t have on something you know you don’t need, tell yourself a different story.
Eliminate Debt by Telling Yourself a Different Story
Let the higher brain that God gave you override those ancient urges of fear and scarcity.
When your animal brain says “I deserve it”, tell it that what you “deserve” is to eliminate debt from your life so you can pay for those Jimmy Choo’s with cash and quit worrying about credit card bills.
When it says “Wow! 50% off!”, tell it that you didn’t put that item in your budget this month, and besides, you didn’t come here to buy that anyway.
When the new iPhone has been out for a month and that need to fit in says “everyone is getting one”, tell that beast you’ll save up and pay cash for it.
When you’re shopping and that inner child says “I need to get that because there’s only one left”, tell yourself that you live in an abundant world and that when you get the cash to buy it, you’ll be able to find it.
When it comes down to it, if you want to succeed financially, or in any important area of your life, you have to learn to overcome that deep seated fear and neediness by learning to develop discipline, actions, and ways of thinking that move you in the right direction toward the life you want to live.
Most of us already know what to do to eliminate debt and live a better financial life, but it’s up to us to take control of that inner child deep within us and convince ourselves to do it.
Question: Do you ever have to do battle with yourself over how you spend money?
Tell me about it in the comments.