Managing money 101.6 / Control Debt.

Control Debt.

As we know, financial goals take planning, patience, and a willingness to work hard. As you are aware by now, I recommend that you do not drive yourself too hard by taking on too much debt.

The lighter your business is, in terms of liabilities and debt, the lighter you can tread each day. And the better you will sleep each night!

Remember this is about wealth creation and wealth is also about health, good relationships, a calm and peaceful state of mind, and a place within your community. People who are working too hard suffer in all these areas. And it is nearly always debt that is the major culprit.

Other things that could weigh you down include: not focusing ... trying to do too much at once and not following through on goals in order of priority.

It is natural, as time goes by, to get a bit bored with your main priority and look for something else to add or change that seems more exciting or promising.

Take care! No matter how enticing or promising this seems, all you are doing is making more work for yourself and hindering your business from delivering on its potential.

That is not to say that you do not amend and change as you go along, in line with your experience – I constantly fiddle and change my approaches. BUT your end goal, the big one, must be clear and must not be deviated from. Otherwise, you will damage your business.

?You may think you are simply adding to it, but I promise you that in the majority of cases you are actually detracting from it.

So focus is crucial. To that end, let’s revisit goal setting:

Here is a 3-step approach to financial goal-setting.

• Step 1 - Prioritize your goals.
• Step 2 - Plan for your financial goals.
• Step 3 - Initiate and take action on your financial goals.

When the temptation to change something strikes, revisit your goals. Remind yourself of them daily anyway! That way they stay fresh and clear and you are less likely to be tempted.?Be clear about the difference between sticking to one goal and changing your approach in terms of reaching that goal, in line with your testing and experience.

For example, my goals for WAD are:

The mission of Warriors Against Debt is to create a debt-free community of at least 1,000,000 people worldwide.

We are a debt-free international organization, fully and wholeheartedly practicing all we teach. We are building a worldwide organization with the intention of providing wealth creation solutions and opportunities to our Warriors Against Debt community.

We will achieve this by educating people on the hidden truth about debt, why it destroys wealth, and how to escape the debt trap. We will spread this message through our teaching, speaking, writing, and workshops.

Although we have a proven system that works, we will continuously seek to improve it through research, and the development of different options, systems, and processes.

The ultimate aim is to help people eradicate debt and create, preserve and enjoy true wealth in all seven areas of Kaizen Wealth by applying the Formula For Riches?.

These do not change.

My approach has changed, however.

• To begin with, the approach was “Why debt is bad”. But that was too negative.?
• Then we changed it to “How to become debt free in 5 – 8 years, including your house and car!” Now that’s positive! And it’s working!

The WAD goal is also a goal within a goal. It is part of my greater wealth creation goal: to teach people how to become Wealth Creators. I am focusing on developing and teaching them systems than can assist them in becoming Wealth Creators.

In previous years I focused on property. I used property education to help people create wealth. Funnily enough though, now that property is actually finally easier to buy than it has been for years (in terms of meeting the criteria – the Property Pro Investment calculations) people are not interested because the market is down.

So I have changed my approach and focused on helping people with what they are currently worried about – which is debt. Hence Warriors Against Debt.

But my true goal has not changed – teach people how to become Wealth Creators! So WAD is still part of it!

If however, I changed my overall goal then I would seriously derail myself. After spending so much time building up all the momentum!

So what have we learned?

Stick to your goal although you can change the methods you use to get there;

Be positive in whatever you sell – take a positive approach even if the subject is negative;?

Give lots of things away for free – then you can also charge more – and you will get better results, and build your database by incentivizing your existing customers.

This is marketing gold. And we took a subject that is hard to make positive – debt!

So this is an inspiration to you, no matter what your product or service is, to put a positive angle onto it, and to find ways to give value away for free, in order to build your database and your business!

Please feel free to make or to ask questions relating to the reading in the comment section.

For more information on the Wealth Creators method;