Your Money Mindset

What do you think of when the word money is spoken to you?  What's the first thing that comes to your mind?  Is it buying a new car, a house, going on a vacation, new clothes, shoes, jewelry and the list goes on.  Something tells me you're not thinking paying off debt or putting that money away.  Maybe saving it to make sure you have a nest egg just in case something comes up out of the blue or investing it wisely.  I know that's not what I think of doing.  As a matter of fact I'm up to my ears in debt.  But I've had enough and have finally decided it's time to start thinking about just that.

We spend our money instead of saving it because we're taught by the media that our money is meant to be spent and we also buy things to make ourselves feel better, don't we?  I know that I was a huge participant in this for many years.  I was a shopaholic (mostly clothes) but honestly it could be anything as long as I was shopping.  I thought this would make the unhappiness in my life go away but I found out that high only lasted for so long and then the bills came.  After going through my divorce, I had to learn not do that anymore but I also found I didn't need to do it anymore. As hard as my divorce was, I was no longer feeling weighed down and unhappy.  Spending is all psychological and the media knows that.

But I'm still in debt over whole bunch of other things and I need to stop the cycle.  What would happen if I could no longer work or if something major came down the pipe?  Would I find myself in big trouble?  The answer is yes!  Would you?

But I have figured out by doing a lot of reading that the people who have debt, living paycheck to paycheck and those who are debt free or bank their money into savings has nothing to do with how much money they make and everything to do with their mindset.  People who are debt free have several things in common.

* Debt free people spend a lot less.  Again it's not about how much money they make, it's about how much they keep.
* Debt free people have financial goals.  If you don't have a goal for your money, you will see it get sucked into other things and it will disappear.
* Debt free people believe in personal responsibility.  I think most of us always have an excuse (I know I do) and blame others or circumstances on why we're in debt.
* Debt free people see debt as being in prison.  Debt is like a modern day slavery...it's a mortgage on your future.

We are the owners of our own finances and I know that I need to take responsibility for mine.  I've gotten myself into this and I'm going to get myself out by practicing the examples about and reading a lot of books so that I'm more knowledgeable.  And I'm starting now, today...I don't want to wait for everything to come crashing down or to hit rock bottom to make a change.  So the change is happening TODAY!  My new vision for money is to be debt free, everything paid off and savings in the bank.  What's your new vision?  Comment below and share this with anyone else that's going through this just like me.

Peace out
Jenz