The average American is currently strapped with $128,500 of secured debt (mortgages, auot loans, etc.) and $7,000 of unsecured debt, which is widely considered to be the “bad kind” and made up of credit card debt and student loans .
The interest payments on all of this debt is bad in and of itself, but the affects that debt has on anxiety and depression as well as your health, mood and relationships are the real villains.
If you don’t believe me just ask Francine “Franny” Bostick how her $120,000 of credit card debt which she accumulated over more than a decade across 13 different credit cards affected her blood pressure.
Her soaring blood pressure, due to the stress of $120k worth of credit card debt, was putting her at serious risk of a stroke or worse… death.
The ending was happy for Franny as she and her husband worked hard to pay off the debt. They paid $2,496/month for nearly 5 years before they were debt free which has helped her raise her credit score by 100 points and, more importantly, her health has dramatically improved.
If you are in debt I strongly urge to tally up where you are at, cut your spending and plow down the debt as quickly as you can. That being said, I also want to make sure that you don’t forget what matters most.
Health, family, friends, community and life in general are the things that really matters.
I wanted to write this quick post just to remind you that things always get better, you can pay down your debt and that, even if no one else does, I believe in you. [Click to tweet]
As hard as it is to try to stop stressing about your debt I hope you can take a few minutes to reflect on what is good in your life and to realize that your debt is just something you have to deal with. Take a minute to promise yourself that you will not let it get you down, make you anxious or forget about what really matters in life.
After all, life is short and you never know what is just around the corner.
So yes, being in debt is no fun and it can create stress and tension in your life that can affect your mood. If this is the case for you, make sure you ask for help if/when/BEFORE you need it. Talking about your struggles with debt can really help your mood as well as your ability to pay down the debt.
I wanted to share a few things that I found to be very inspirational lately. I hope that these will help you realize that you can slowly dig yourself out from under the debt and that anything is possible. Don’t let your debt ruin relationships with friends, family and loved ones. It’s not worth it.
If this post has helped you, inspired you, or made you feel anything please let me know by leaving a comment below and please share this page with two or more of your friends who you think it could help as well.
Now for some inspiration:
But I’ve been deaf since I was 3, so I didn’t listen. ~Derrick Coleman [Click to tweet]
I have a very happy life. ~Sam Berns [Click to tweet]
They allow their lives to drift away where they aren’t living. They are dying in slow motion. ~Dr. Sean Stephenson [Click to tweet]
I will leave you today with a, slightly modified, quote by Vince Lombardi that Kevin Harrington had written on a note card that he showed me last week. Kevin has carried this note card around in his pocket for years and years now. Here is what it says:
Life’s battles don’t always go to the fastest or strongest. Sooner or later, those who wins those who thinks they can. [Click to tweet]
Tomorrow is a new day and you can accomplish anything. Remember, I believe in you.