One of the most important aspects to paying off your debt is clarity. Clarity is the act of getting clear; of having a mental picture of what you expect/want. You’ll know clarity when you have it, because everything you need to do will become clear as day.
What makes clarity so important when it comes to getting out of debt?
It’s important because you’ll know exactly where you need to go and what you need to do in order to achieve that goal. You’ll have set boundaries for what you can and cannot spend. There will be no wavering in your decision-making process. Clarity helps you paint that picture, and gives you a clear path of where you need to go.
So how do you find clarity to pay off debt?
- Ask yourself – what is the most important thing you want when it comes to your finances? Figure out exactly what you’re looking to accomplish and use a SMART goal to achieve it. SMART goals weren’t named that way just to make them sound great – it’s an acronym.A SMART goal is specific, measurable, achievable, relevant, and time-bound.
Are you trying to pay off $35,000 in 24 months? You’ll need to make sure you’re putting at least $1,458 towards your debt each month.
If you are trying to earn an extra $500 a month, figure out how many extra hours you need to work, or how many freelancing gigs you need to get each month to make your goal a reality.
- Visualize – Take a few minutes, and think about what it will feel like to actually achieve this goal. What will success look like? How will it make you feel? What will you be able to accomplish next once this is complete?
Now visualize yourself having all of those things, and take a mental picture that you won’t forget. This picture will become very important throughout your journey.
Anytime you feel a bad decision coming on, or a lack in motivation – remember these feelings.
- Commit to making this goal a reality – Once you know what you want to achieve, have set a SMART goal around it, and actually visualize how success will feel, it’s time to take the leap. Clarity is nothing without your full commitment.
Tell people about what you’re setting out to do – get them involved because their support will help you thrive. Having the people you’re closest with supporting you through this time will be priceless.Keep track of your progress regularly. You can do this in a calendar, journal, or even on a website for the world to see.
- Expect challenges – there will be times when there is just no way you can follow through with every boundary you’ve set for yourself in order to reach that goal. It’s going to happen, so expect it and don’t be too hard on yourself when it does. Learn from the experience and move on quickly. Do not let this hinder your progress.
Clarity is going to make your time achieving goals much easier and less stressful. Sit down, figure out what you want to accomplish and start putting in the work to get there. Paying off debt doesn’t have to consume your life unless you’re a personal finance blogger, of course 😉 . Get clear on the outcome, and the steps you need to take will follow shortly thereafter.
This Free Tool Helped Me Pay Off $75,000
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