Realizing the need to survive was the biggest eye opener for me. No longer getting sucked dry was the short-term goal in response to that realization. What’s sucking you dry? What leeches have you wanted to rip off of your skin so you can start to become healthy emotionally and financially? For me the financial drain included an unemployed husband, an underwate rmortgage, and creditors associated with loss of income that occurred over two years.
I, like I am sure so many others, held on to good debt that went bad, for emotional reasons. I wanted this to work. I tried really hard. I will lose everything. These thoughts were obviously interconnected between my marriage and finances. The first leech I “lost” was my husband. This “lose” was meditated like many of my subsequent “losses”, and I actually view it as a win. Just like the evaluation of other finances, I had to evaluate the return on my investment. I worked, I provided financial and emotional support, I deprived myself of what some may call daily needs in order to receive laziness, emotional abuse, and a constant need to spend my hard-earned buck to further silly collections that was of no interest to me and was worthless junk. When I viewed it in an objective manner and withheld emotion the decision was easy. I ripped off the leech from my emaciated body and left with literally the shirt on my back and my dog on a leash.
After that, everything else became easy. The ability to not turn back and try to hold on to items such as furniture, land, and a home that turned from good debt to bad debt was not only easy but uplifting. The decision to no longer pay for items that no longer held value was also easy. Why should I continue to struggle to pay for these items if that meant continued debt and financial insanity. What is good debt that went bad one may ask. Just like my marriage, it is when someone pays more than something is worth.
Once again, my handy-dandy chart really was handy. I was able to quickly ascertain these good debts gone bad by looking at the total owed and what those items were worth. The value of mycar, home, other land/property, furniture, and household possessions were easily found on the internet. I challenge you to look at the total owed columns on your chart and compare them to what the values for those columns are while withholding emotion.
Remember things are just that…things. Do these “things’ truly make you happy or are they only withdrawals from your wallet and emotional well-being? Now that you know what my leeches were, figure out what’s drinking your blood. Everyone has leeches, that leech may even be your own negativity. Are you ready to do something about it?