Adapt your mind, change your financial future

Getting a second income to help pay down your debt isn’t only a matter of practicality; it’s also in your attitude. Everyone has the chance to build on their progress to succeed, but not everyone understands how to implement that idea.


To get a handle on the options available to the hardworking entrepreneur, we will look at three great tips on how to create the right mindset for people fighting against old debt while looking for new options.


One: Improve Your Attitude


This is a simple one, but it covers the majority of what you need to do. If you have a negative attitude around money, that isn’t much of a surprise since many of us do. However, if you keep hold of that negativity, it will tear your future movements.


If all you look at in a situation is the downsides, that’s all that you will see. It seems simple, but it isn’t. Sometimes our previous experiences with money that lead us into debt in the first place linger with us, making a way out seem difficult. Yet if you can foster a sense of positivity toward your financial future, that future will become bright and your options will become much clearer.


How do you do this? Reading about other successful savers can help, as well as recognising where your negativity goes when you’re feeling down. Being aware of the roadblock is half the issue.


Two: Know Your Options


Once you’ve worked out how to get past any mental blocks, the next step is to figure out what your options are and how to achieve them.


Luckily, we live in a time with endless information available to us as long as we know where to look. Keep your eyes open for any information from any reliable source, since the most successful people are those who give themselves the most opportunities.


Some ideas:

  • Read financial newspapers
  • Talk to successful friends/family
  • Read books by prominent financial consultants
  • Peruse blogs for new ideas
  • Join a forum for those in a situation similar to yours



There are many other options, but the most important thing to keep in mind is that you cannot limit yourself to one source or you will not encounter the full potential of the financial world.


Many people have been in the same place that you currently inhabit. If you have debt, you’re hardly alone; it is a common state for people in today’s world. For you, that’s great news! It means that plenty of people have found a way out of debt, often with many aspects in common such as trading online or freelance work.


If you cast your net wide enough, you will find many options that seem like they may work for you. Once you figure that out, you can narrow it down to what makes your imagination flare. Whether that’s writing articles or looking into CMC Markets, dig deeper until you find out whether it’s a viable option for you.


Whatever you find that spikes your interest, there will be someone with advice on the topic. Remember that as you start your walk into financial freedom.


Three: Do It.


If you know what was stopping you, you can get past it: but not unless you try. If you know what interests you in continuing your financial adventure, you can head toward it: but not if you don’t take a first step.


Take a leap past your fear of failure and try something new. Trading online can be a great option if you’re unsure where to start, since there are multiple resources on how to get going. One option is that you find someone on the same path as you and learn from them, or perhaps from each other. This gives you the chance to explore different points of view as you go.


Jumping head first into your financial future might seem intimidating, but many before you have done it by finding their best options, and there’s no reason why you can’t do the same.


Financial options are limitless if you have the bravery to take that step forward. Instead of carrying your debt like an endless burden, you can be free of it if you take the right path. Just remember: the right path is not the same for everyone, and you have to do the work to find the one for you.


Where do you draw the line?

Unless you are the dumbest person in the world, you probably have realized I’m not the biggest fan of debt. I think it’s pretty stupid. I don’t even believe in such a thing as “good debt.” Although I’m a pretty avid debt puncher, I do compromise on two issues…


So I guess houses are kind of expensive. The median home price in my zip code is $708,000. Even if Girl Ninja and I were able to stock away a whopping $50,000/yr in savings (which we aren’t), it would take us over 14 years before we could buy a house with cash. And that’s assuming home prices don’t increase during those 14 years we save. While we do plan to have a sizable down payment saved before buying a home, we plan to take on a reasonable mortgage. Yeah, I know. I totally compromise my debt punching for a quality of life boost. To those of you that plan to pay cash for a house, I respect you greatly, but I simply don’t share your vision.


This one goes without saying, and I assume most of you would agree. If for some reason the crap hit the fan and I was faced with a decision between death or debt, I’m gonna take on some debt. That said, I am doing what I can to ensure I never have to be faced with that choice. I pay a pretty penny for health/dental/vision insurance each month, not to mention I have a decent chunk of change sitting in an emergency fund. My insurance and savings should prevent the need for medical loans, but on the rare chance I needed to buy a new kidney on Ebay, you better believe I’d do so. Side Note: How much you think a kidney goes for? $50K? $100K?

That’s it. Those are the only two areas of my life I foresee incurring debt. I realize my stance may be extreme for some, and for others it’s probably not strict enough. And this leads to today’s question….

Where do you draw the line?

What type of debt have you sworn off for good?

What type of debt are you comfortable with?

Do you think you’ll finance your next vehicle?

At what point does debt go from being logical to being ridiculous?

p.s. click the “dumbest person in the world” link in the first sentence for a special treat 🙂

Talking finance with Girl Ninja

I have some great news to share with you. Girl Ninja was able to survive a grueling 45 min conversation (with me) about finances last night. I think I’ve mentioned it here before, but Girl Ninja is not the biggest fan of talking about money (I know she’s a freak). She knows that these conversations are important, but it doesn’t necessarily mean she is excited to have them.

I can’t really blame her though. If she wanted to chat my ear off about what happened on the most recent episode of The Bachelor, I probably wouldn’t be that excited either. In fact, I would be quite miserable. So now I sit here trying to think of ways to make finances more appealing to Girl Ninja.

Here’s what I got so far…

1) Sneak Dave Ramsey podcasts in to her iTunes playlist for when she goes running

2) Send her text messages every hour with the latest report on the S&P 500’s performance

3) Crawl underneath her bed, wait for her to fall asleep, and then begin blabbing all of my profound financial knowledge in hopes that she subconsciously retains some of the information.

4) Start telling her that I have a crush on all you female PF bloggers (in hopes that she will become super jealous and start a PF blog of her own).

All pretty good ideas right?

Seriously though, Girl Ninja and I both suck at disusing finances. She is guilty of not really wanting to talk about it (even though she knows it’s important), and I am equally guilty of being a huge PF dork and wanting to overwhelm her with a wealth of information all at one time.

I need to do better. I need to speak “finance” in a way that is appealing, or at least less miserable, for Girl Ninja. I don’t want PF to be something she has to suffer through. It would be unfair of me to demand that she shares my enthusiasm for personal finance, that’s not the way she was wired and I can’t be mad at her for it.

So now I would like to pick your brain and ask you some questions…

  • In your current, or past, relationship did you have a healthy level of communication when it came to money or was one person responsible for the finances?
  • How do/did you go about initiating financial discussions?
  • When you do talk money, what are some areas that you focus on?
  • How do you know how deep to go, so you don’t lose the other persons interest?
  • Anyone out there been on the Girl Ninja side of the relationship, where you really had no desire to talk money?

I’m sure I’m not the only person that has been in this situation so I would love to hear from you all!

F.Y.I. girl ninja is completely debt free, has money in the bank , and a steady job so she’s already got the fundamentals down.