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Get Out Of Jail Free Card – Visualize Yourself Without Debt

by The Happy Rock on June 12, 2009

in-jail-from-debtDebt is a prison and you don’t get out of jail until your creditors are paid off.  Even if you don’t feel like you are in prison debt still narrows your range of choices and options.  You may be just to distracted with the shiny things you bought or by the stress of just making it each month that you might not even be able to visualize what life is like without debt.

I will tell you first hand, being out of debt is awesome.  We have so many more options as a family it is so energizing and even a bit overwhelming at times, but it is a great problem to have.

This post is designed specifically to try and lift our heads out of the muck to visual and imagine what it would be like without debt.

A good way to start is to close your eyes and picture your list of debts in your head.  Now cross them off one by one starting with the the debt that irks you the most.  Pause after each cross off to let yourself feel the emotion of having that debt gone.   I am picturing having my house paid for and a big smile comes across my face.

Once you have finished that exercise consider a few ways that getting out of debt frees up our future.

  1. Cash flow. How much cash is tied up in monthly payments?  Think about all the savings, vacations, or purchases that you could quickly save for.
  2. Stability. How much less scary losing your job would be? How about a major repair?
  3. Career.  Think about how little you would be tied to a job you don’t like when you only have a few monthly bills to take care of.   That career or job you always wanted is now on the table.
  4. Time and Energy. Imagine all the time and energy that you were wasting on thinking, stressing, and paying for your debt.  What kinds of great things you could be using it for?

There are thousands of other areas that debt effects, but it is for you to start to put on the no debt mindset.

If you really start to feel and see how great it will be,you will be amazed at how much energy it creates for your debt destruction journey.

Let’s hear it.  What type of things are you going to reclaim in your life?  What dreams can you begin to consider again?

{ 4 comments… read them below or add one }

Money Magazine Hoss June 12, 2009 at 2:34 pm

I can attest that being debt free is a great way to live. I am now 65 years old and have not had any debt since the age of 25 and have been retired since age 49.
Not all of my success was due to good planning however. Some was, but I was also lucky that I had a company pension that enabled me to take early retirement way back when. Gee, has it really been 16 years since I did a days work?
Doing what you want when you want is the only way to live.
I am not rich by any standard but Mrs. Hoss and I are sure comfortable and happy.
Come on people join the move to a debt free society.

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Synics June 13, 2009 at 8:22 am

Good post buddy. It is definitely freeing when you don’t have debt….Another keep point is to also reduce the amount of monthly cash flow tied up in regular monthly bills. I think if people really analyzed how much of their money is going toward this and that they will start to see excess, ie. reducing cable from $150 a month down to $60 for basic, or $120 cell phone bills down to $60 for basic plans, etc…

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Annie July 8, 2009 at 11:51 am

I agree that being out of debt is “awesome”. The key to this is willpower. Make the commitment today to be debt free as soon as possible. The peace of mind it gives you will make it all worthwhile in the end.

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Jonathan@Friends&Money January 9, 2010 at 4:19 pm

Eliminating debt can make a huge difference to your wellbeing, as financial pressures cause so much stress. I have tried hard to live by the rule that if I can’t afford it I don’t get it. This doesn’t mean that I’m completely debt free (mortgage and student loans remain!) but it does mean that I like to remove my credit card balance at the end of each month

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