Step 1 to getting out of debt

Step 1: Write down specifically what you are trying to achieve and by when.

This is a critical step for many reasons. When you write something down it tricks the brain into thinking that you have already achieved the goal. This is a major sub-conscious physiologically boost as it takes out some of the fears we have about failing. In addition to this, there is something conceptual and driving by putting a specific timeframe to a goal. As I am sure you know from work, when you have a deadline you work to meet it! The timeframe needs to be specific, and be broken down into achievable components. Although it is specific, it should be to some degree a living document. If you don’t meet one time period move it slightly so that you do meet it – Above all, don’t give up if you don’t specifically meet all of your goals – You are still progressing down the path of reducing debt.

If you undertake the above step, you are already one step up on most people who are trying to reduce debt or more holistically achieve any goal. We will now look at step 2 – obstacles.