Have you ever wondered what it would be like to be debt free? Doing so can make such a difference.
So take a minute and imagine debt freedom. What might that look like for you?
A weight off your shoulders
You probably realize that being out of debt would be a weight off your shoulders. (No more stressing about credit card debt or worrying about what would happen if you lose your job.) But there’s more to it than that.
Although being free from the burden of debt is a lot in and of itself, the joys of eliminating debt go beyond no longer owing money to the credit card companies and banks. We’ve been so used to living with debt that we might not even see how it’s truly holding us back.
Visualize this everyday scenario along with me for a moment:
You get your paycheck, and immediately send part of it off to savings and investments. Then you sit down and pay your house payment, utilities, and phone bill — and there’s money left over. That means the rest of your check is yours to do whatever you want with.
Of course you’ll spend some on groceries and gas, but in the big scheme of things those don’t cost all that much. There’s money available for guilt-free fun too.
Maybe you’ll indulge in a hobby, dinner out, or going to a concert or play. Or maybe you’ll set some of the leftover money aside for that trip you’d like to take later in the year.
That’s what getting paid is like when you’re out of debt.
Your money belongs to you, not to the credit card companies.
You can put your income to work in building your future, and it will make your present pretty darn pleasant too. Money-related stress and anxiety is minimal, IF it’s even around at all.
When you’re out of debt, you can do more than daydream about what a life without financial troubles would be like. You can plan and save for the things you want, and then you can make them happen.
When we break free of debt, we reveal opportunity.
And there’s so much opportunity out there.
Many opportunities are things we’ve never even allowed ourselves to dream of.
Imagine debt freedom in depth
Can you imagine — really imagine — what it’s like to have ALL of the money you bring home available for the things you want to do?
Can you imagine what it’s like to longer live paycheck to paycheck? To decide what you want to save for, as opposed to waiting to see if there’s anything left over to save, or feeling discouraged immediately after you get paid because all of your money is already spent?
Being able to leap on an opportunity, guilt free, because you already have the money available?
Or what it’s like to have your money work for you, instead of you working for your money? To open up your statements and see MORE in there than you deposited, instead of less?
Do you know how great it feels to go to work because you enjoy the job? Or to say no to crappy jobs or outlandish work requests because you won’t be broke inside of a week if you don’t do what’s being asked?
You get your paycheck, and the whole check is all yours. Really yours.
It’s not earmarked for debt before it even hits the bank. In fact, you can do whatever you want with it. Anything! It’s like you’re a kid again — only a kid with a regular income.
Now sure, you’re going to use some of your income for your daily needs of eating, keeping warm/cool, and having somewhere to live, but that can be as much or as little as you like.
After that the choices are wide open.
Want to contribute 40% to retirement accounts? Save up and buy a boat? Fly off on random trips that you can easily afford? Take your kids out of school for a year and volunteer in some obscure country? Work at a low paying job you love? Live off interest and dividends, and don’t work at all?
Go ahead. Dream.
Those are the kinds of things that being out of debt brings.
Eliminate debt and reveal opportunity. Imagine debt freedom — and then go get it.
The possibilities are endless when you get out of debt.