Why Confronting Debt is the Path to Financial Freedom

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Debt is a financial topic I work with many clients through and is the thing causing the most smoke and mirrors. 

Whether it’s student loans, a mortgage, or what many consider to be ‘good debt’, ultimately debt is always going to be a noose around your neck. 

Why?

Because it doesn’t allow you to live in the present moment. When you have debt instruments, regardless of what they are – such as the mortgage or the student loans you have to go to work today to pay for yesterday’s financial choices. 

I’ll say that again: you have to go to work today to pay for yesterday’s financial choices. 

You also can’t be as nimble with what you choose to do in your life in the present moment. You don’t have the flexibility to do the things you really desire – the things that will bring you empowerment, fulfillment, and joy. Life becomes so much more restrictive and filled with resentment.



All because you have to pay today for yesterday’s choices. 

There’s a ripple effect of this. Debt means you’ve created a leaky container of your own personal empowerment. I haven’t met a single person who feels empowered by their debt. They usually feel weighed down by it. 

What I so often see - and this is something you might relate to yourself; when people or couples create debt, such as a major house upgrade or taking on a bigger mortgage, it’s usually an indication of something else going on beneath the surface that they’re not willing to feel in life. 

They’re creating short-term satisfaction with the fancy upgrades or the big, impressive house to fill some kind of emotional void. However, this can also play out to a lesser extent, which many of us fall into the trap of succumbing to. Take the holiday season for example. Marketers of brands and stores know this is a time when we get happy and excited and spend more - often swiping the credit card without considering if these spending choices are in alignment with our current reality. 

The result of this is the creation of a financial prison and a huge spending hangover come January. This is the price to pay when we’re not creating that awareness. 

Debt creates a container that doesn’t allow you to feel your feelings about what’s going on in your life. For you, it might be that these spending hangovers occur frequently due to you trying to keep up with others or spending to fulfill an emotional need that isn’t being met, perhaps?

If so, I want you to go within and think about where that need is rooted. Could it be something in your relationship or job? 

One thing I find common is when people have a high income and work all hours. Their life doesn’t have any kind of balance. The overspending comes as a result of trying to create that balance and a sense of satisfaction with material things. 

I always find it interesting that when people quit a job that demands so much of them and do something that feels more aligned on a professional level, their spending decreases rapidly. This is because they’ve filled that emotional void and are working in a job, business, or profession that lights them up and brings them inner joy!

So, I’ll ask you again; what is the reality that you’re not willing to feel? I encourage you to put pen to paper and write out your feelings on this one. 

The only way to sustainable happiness is to feel those feelings that are trapped in your system.

Our subconscious mind operates 97% of the time – as researched extensively by Bruce Lipton. Your financial behaviors and decisions can also be the result of what you experienced in childhood, whether you grew up in scarcity or even on the opposite scale with a trust fund. Maybe you were never shown how to generate income and that has created a ripple effect into adulthood. 

To switch to feeling financially empowered, you need to look at the motivation behind creating the debt. It’s incredibly important for you to look at your reality on this one. I understand it might be sobering and bring up feelings, but that’s good because it means you are creating awareness and getting to the other side. 

What is the foundation that needs to be set to create the reality you want to experience? Does this mean doing more research and making financial choices around your kids’ education that won’t rack up debt? Does it mean refraining from taking on that bigger mortgage? 

I don’t know one person who doesn’t get excited when they pay off their debt! Their life and the freedom they feel instantly elevates their entire being. 

You can have that too. This is about you stepping into life to live in the present moment and make choices from your own personal empowerment – and not debt. You have to stop kidding yourself that some debt is good. Regardless of the type of debt, it will always catch up and you can’t keep creating it without consequences in some area of your life.

Ultimately, we must accept the reality of what debt creates in our lives and understand that it pulls us out of empowerment. Once the acceptance of reality is chosen, that’s the first major step to financial freedom. 

I have many resources that can help you with managing debt, including my group coaching program Impact, but just know that once you confront it, you’re on your way! 

You deserve to have a fantastic life filled with abundance, joy, happiness, good health, and so much love! Don’t let debt be the thing that blocks you from this. 

And don’t feel that you have to do it alone. Come and be part of the vibrant community, with like-minded people who are also on this journey with you!