19/06/2023
One of the things na kailangan baguhin talaga if you are on your debt-free journey is your mindset.
Remember, hindi another loan ang solution.
Ito rin ang mindset ko dati, “if only I can have ###,###.00, or makapagtayo ng isa pang business na mag-cclick talaga, matatapos lahat ng problema ko”.
So for years, dun sa mindset ako na yun umasa and narealize ko after 2-3 years na nasa cycle na ko ng utang, working to pay for another utang, and opening new businesses para mabayaran ang utang. Walang peace of mind.
This picture was taken habang nagoocular ako ng isang restaurant na for sale, binebenta sya, maganda ang location. And I was already in debt pero naghahanap ako ng 'other sources of income' and I thought, pwede ako maghanap ng 'investors' to buy this, palaguin, para may pangbayad ng ibang utang - ganyan ako ka-confident noon, na hindi ko narealize lalo ko inuubos ang sarili ko, lalo ko nilulubog sa cycle of debt.
I'm grateful na hindi natuloy na mabili ko itong restaurant, nalungkot ako noon because I really believed in the opportunity of the existing business, but I see it as a blessing now na hindi na nadagdagan pa yung iisipin kong additional responsibility na babayaran on top of my already existing and growing debts.
On the outside it looks like you’re living the dream life, but inside walang peace of mind and you are a slave to all the people na pinagkakautangan mo.
Hawak nila ang mental and emotional peace mo, madaming guilt and fear na kahit magrelax ka at the end of the day matatakot ka kasi alam mong may mga kelangan ka bayaran.
It was the right mindset and process ang nakatulong sakin to get out of debt, live with no credit card, and pay everything in cash for the past 5 years.
Here is what you can do:
1. Change your mindset and remember na ikaw lang ang makakatulong sa sarili mo at hindi ang another utang or bank - don’t get another loan
2. Understand your finances as in everything - your income, your expenses and your debts
3. Start saving for your emergency fund kahit 50k lang basta meron pang emergency and define your 'emergency' and be strict about it
4. Start increasing your income and bawasan ang expenses
5. Unlimited ang income opportunities, and income mo magdedepende sa kung gano ka kapursigido to earn
6. Live low-key and focus mo lahat ng time mo in striking your debts one by one, stop doing social media kung wala naman natutulong (sample: hindi naman nakakapagbigay ng income) - you don’t have the luxury to spend time on things na hindi nakakapagbigay ng income sayo ngayon
I encourage you to post anonymously sa group with specific numbers para mas specific din ang advice na mabigay ko.
It’s not where you are right now, it’s how bad you want to get to where you want to be.
There will be a million excuses and limiting beliefs, but you can get past that with the right mindset and community. Kaya nakakatuwa that you guys have this community now, and you are taking advantage of it to help you get started in your journey to achieve your goals. ❤️
- Anne✨