5 Things You Need to Know About Debt

These days everyone is looking for ways to reduce debt and save money. It is possible to wipe out your existing debt and learn how to live your life within your means.

Here are five tips that will help you on your way to debt free living:

1.    Stop using credit cards. One of the leading factors in the current economic crisis is people buying things on credit they cannot afford. The next thing they know, they find themselves unable to do anything more than make minimum monthly payments.

  • Minimum payments will keep you in debt because every month interest continues to accrue on your original balance. A $1,000 balance on a typical credit card can take 22 years to pay off if you make only the minimum monthly payments!
  • Don’t fall into the trap of credit card debt. Instead, avoid the hassle and expense by paying cash for the things you buy. If you want a big-ticket item, save the cash before you make the purchase. Only buy when you can afford to pay for the item in full before you bring it home.

2.    Buy luxury items with cash. We all have extras and luxuries we want, but using credit to get them is a dangerous path to take. You’ll get much greater enjoyment from the extras in your life when you pay cash, rather than ongoing monthly payments.

  • Nothing takes the excitement out of a new toy or nice vacation more than the large payments that strain your budget month after month.

3.    Create a realistic budget that includes debt repayment. The first step in gaining control over your debt is creating a workable budget. Rather than stifling you, a budget can bring you freedom! You’ll know where your money goes and you’ll set a spending plan so you can continue buying the most important things in your life.

  • Your budget should take into consideration all facets of your lifestyle, including housing, food and household items, utilities, savings, recreation and debt repayment.
  • If your budget doesn’t include room for debt repayment, there will never be enough money to pay off your debt. Take control of your financial reality by working with a realistic budget every month. Before long, you’ll see your debt diminishing while your savings grow.

4.    Seek the help of a professional credit counselor, accountant or financial planner. The best way to be sure you’re making sound financial decisions is to seek out the help of a financial professional.

  • Credit counselors, financial planners and accountants are experts in the areas of savings, debt repayment, investments and tax deductions. Implement each of these areas into your finances to eliminate financial strain and secure a stable financial future.

5.    Negotiate better rates with the banks or credit card companies. Many people assume they have no choice but to accept the interest and finance rates offered by their banks and credit card companies, but that isn’t always the case!

  • Talk to the people at your financial institutions. You may be surprised at how willing they are to budge.
  • If your credit is in good shape or you’ve made steady, progressive strides to improve it, you may be able to get lower interest rates on your debts.
  • You might also receive higher interest rates on your savings, giving you a double shot at eliminating your debt entirely and moving forward with your finances in a positive direction.

You can repair your debt problems and learn to avoid creating them in the future. These five steps will point you in the right direction and get you started on a new path to financial freedom and prosperity!

How to Use Self Hypnosis for Self Improvement

Self hypnosis is great as a tool for self improvement. When you learn self hypnosis, you may end up surprised at how easy it is to master, and at the same time it makes so many things so much easier.

Most people connect self hypnosis with listening to an audio file that is made for a specific subject such as stop smoking, loose weight etc. etc.

And I admit there is a lot of that floating around out there, but even though it may do the job in a lot of cases, this kind of self hypnosis for self improvement is made in ways that may not be best for every single individual.

To take an example, if you have a phobia and the self hypnosis mp3 or whatever it is, talks you towards what you fear, it could be an elevator ride to bring you down, it will end up not being able to create the needed relaxation, because you will be on edge just by the elevator being mentioned.

So how do you use hypnosis or self hypnosis for self improvement?

To achieve any kind of self improvement the self hypnosis session you go thru, should address and eliminate the negatives connected with what you want to achieve, and preferably create positives instead.

So to get the best kind of self hypnosis it should be designed individually for every person to benefit most from it.

In fact you would be best of if you created the session yourself.

That way you would have a self hypnosis session created exactly around the issues you wish to change, or self improve if you like, designed around the exact phrases that have meaning to you.

So to sum it up, you need to do self hypnosis on your own, in order to really accomplish lasting changes in your life.

Below here is a short overview of how you create and execute a self hypnosis session:

1. Create a list of goals ordered from the most important to the lesser important goals, and make sure to phrase goals that are measurable.

2. Make suggestions for yourself towards your subconscious mind, make them specific instructions on how to achieve each goal.

3. Make sure you sit in a place where you will not be disturbed, and work on relaxing yourself, mind, body and soul…

Imagine that with every breath you take in relaxation, and breathe out the worries and tensions of the day.

4. When you feel really deeply relaxed say out loud the hypnotic induction, tailored to you getting deeper and deeper relaxed, at some point you may forget to keep saying them to yourself, and that is ok, it means you are deeply relaxed, and ready to induce the positive suggestions from step 2.

5. Start repeating out loud, think, or play a pretailored sound file repeating your positive suggestions over and over for about 5 minutes minimum.

Try to do these 5 steps regularly, preferably you should do self hypnosis daily at the same time interval for best results.

After a couple of weeks measure your results towards your goals, and if you are not moving forward, rephrase the positive suggestions in order for you to keep moving forward towards your self improvement goals.

If you really want to learn self hypnosis to the core, you should buy a self hypnosis book that explains and guides you through the process.

I can strongly recommend The Ultimate Self hypnosis Course, it is thorough and comprehensive on the subject, and it will help you in achieving self improvement with self hypnosis.