Know the 4 Debt Awareness Levels, So You Can Get Out of Debt Faster and Double Your Income Sooner
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What Started This Plague of Debt & How Can You Get Cured!
The Plague of Debt began when banks, credit card companies, department stores, travel companies etc. realized that if they used really powerful subliminal messaging and other highly effective but suspicious means, then they could increase their sales.
They began putting faded pictures of seductive women hidden in print ads. They began scenting the air of hotels, stores & casinos with fragrances that encourage taking out your wallet and spending. Movie theaters began flashing pictures of popcorn too fast for you to see consciously.
But, there is now something powerful you can do about it to GET YOURSELF OUT OF DEBT.
You will learn how to get out of debt. Fast. Permanently.
Companies began listening more to shareholders' greed rather than integrity and reason. Giant computer programs now analyze your behavior constantly and every time you do anything. Every service you use (like your credit cards) and every item that you buy in every store - all that information is captured, processed and sold to others who figure out the best way to market directly to you using your own information.
Tens of thousands of ads hit your subconscious every day. Not a single one of them encourages reason, caution & savings. Every one of them brilliantly displays the benefits of over-spending. And, so you spend. And, over-spend.
Every possible way is used to cajole you into doing what advertisers and merchants want. If an ad does not work, it is discarded. If an ad works, it is enhanced and bettered until it works even more powerfully - on you!
How Can You Get Cured? How Can You Get Out Of Debt?
To get out of debt, you must know the Debt Awareness Levels. So, let's learn them.
Your Level of Debt Awareness
To get out of debt, you first have to know where you are now. Here are the Four Levels of Debt Awareness:
.......... Debt Awareness Level 1 .......... You are in debt and in denial
At Level 1, you make statements like "I'm really not in debt" and "I'm only in debt temporarily" and "I'm in debt only because of xxx" and "I'll can be out of debt any time I choose" and "As soon as I get my job back, I'll be out of debt". These are all self-delusions. People are either in debt their whole life or they have savings and no debt all their life.
.......... Debt Awareness Level 2 .......... You are in debt and you know you are, but you do not know many details
At Level 2, you have admitted that you are in debt, but you are unsure of the details. You do not know exactly how much you owe on your mortgage, or on your car loan, or on any of the department store cards, or on your credit cards, etc. You do not know the interest rates. You do not know the repayment options. You have excuses like "well, my balances change every day so there is really no way to know".
.......... Debt Awareness Level 3 .......... You are in debt and you have all the details
You have all details, in one place, neatly printed on paper, likely on a computerized spreadsheet so that it is easily and neatly updated. You have the name of every debt, the balance as of the first day of every month, the interest rate, the repayment options, etc. By the way, if you are in this elite group, you represent less than 10% of all those who are in debt. Bravo.
.......... Debt Awareness Level 4 .......... You are in debt and you have all the details and your debt is dropping monthly
You know your numbers. You track your numbers monthly. You are wise with your expenses. You spend LESS than you earn. Your debt is decreasing. You are in a super-elite group of about 2% of all those who are in debt.
Step One To Get Out Of Debt
Step One is to admit which Level of Debt Awareness you are at.
Step Two To Get Out Of Debt
Step Two is to record FIVE ways you can implement to move from the level you are at now to just one level up. That's all.
Debt is PSYCHOLOGICAL ... it is not FINANCIAL. You get out of debt by working on your mind, not on your pocketbook.
About the Author:
Raymond Aaron,New York Times Top Ten Bestselling Author, "Double Your Income Doing What You Love" published by John Wiley and Sons, New York City. Claim your Gifts From Raymond'to double your income". It's free. Join Raymond Aaron on Twitter @RaymondAaron. Join "Raymond Aaron Double Your Income" Facebook Fan Page at http://www.FacebookRaymond.com .