Crawling out
You know that old time saying, 'if you can't run, walk, if you can't walk, crawl, just keep moving'. The main aim here is progress. The Journey of a thousand miles starts counting from a single step. Many are stuck in some form of inconveniences because their plan is to get out ALL at once. Lucky you if that ever happens. Nevertheless, some things are more possible than others. How about chopping in bit by bit? Let's say for instance, you are planning to save $500 dollars ahead of your Christmas holiday. What's your monthly earnings? Assuming $550 dollars.
The first may say, oh! I can do this maybe in September, you know I could save $100 for the remaining month and off I go. Another may be much smarter to understand the mystery of time and unforeseen circumstances and lock up $45 dollars in savings from January. Without much analysis, probability favors the latter than the former. Of course we all know this things we will assume, then how come we don't practice it?. My toilet shower was dropping some water so I decided to put in a bucket. It was just a droplet every second but after some hours I was astounded that it was enough to take a bath.
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Let's focus more on debt, how do we climb out of debt? Trust me, when you are in debt, you feel destabilized. It affects your thinking and decision making, it can make you nervous, overwork and make some wrong choices. Adding to that, it can affect your physical and mental debt. I currently find myself in such a situation although I have learned 'the calming out tactics' and part of it the crawling out tactics. business and investment never went out as expected and I have to clear The Debt table.
There were times my calculations were based on one time contract to clear it. Without doubt this is not impossible, it is just that the expected one time contract has refused to surface. Time is ticking you know, to a point it did close down on me. This was a mistake I made. Adding to that, I was enlarging my debt pile with other little debts which also added up. It has been for the purpose of growth that I took this rsk, nevertheless, I should have understood more than little addition adds up and little subtraction also reduces debt pile.
I came to realize, I can't run out, I can't walk out but at least, I can crawl out. Who knows in the process of crawling out I might hit a run or walk out contract. Ok Dani, stop every form of debt and calculate how much you are owing. This was one big move, it was huge and I felt like querying myself. How come I never put a 'stop-debt' early enough?. After put all together, I am NOW working on biting them off gradually using a reasonable number of months.
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When you are in debt, be very polite and speak with your debtors. There is a need to let them know you are hooked and there is no shaking you right NOW that will bring out the money. You need time to restrategize and make all necessary refunds. When you make this promise, do well to put all effort in seeing it through.
So how am I working this out right now? My formula is simple; actual debt - deductions ( it can be daily, weekly or monthly). I am working on the daily and weekly deductions so I get very focused and avoid bringing in newer debts. When you have a daily target, you will become more strict with yourself. So how is this calculated? I write down how much is my total debt in the morning and summarize how much I have raised to give it a deduction before I go to bed. I start over the same strategy the Next morning with the new reduced debt.
The differences may look small but the entire idea is to make sure before the expected months elapses, I am off this debt track. There are lots of things to focus on for the remaining months and I can't afford to stay distracted.
To conclude, let me add, you can also TRY out this crawling out strategy. Maybe the reason you are still huge in debt is not because you are owing too much but rather, you are not subscribing the too little repayment strategy which adds up overtime. It is already showing the needed green signs for me. I am carefully monitoring my expenses knowing I have something to subscribe to at the end of the day. Little is something overtime.
Posted Using INLEO