How to Get Out of Debt Using Law of Attraction

Two days ago I woke up in the morning with an unusual thought.

“What is debt?”

I really have no idea where this thought came from, especially being my first thought upon awakening, but I just lay there for a few minutes and let things flow.

“What is debt, from an energy point of view?”

“What is the real feeling / vibration behind debt?”

“What vibration / feeling do we put out to the universe at the levels of pure energy to manifest debt in the physical form in our lives?”

I was able to refine the question to be more specific and clear, as I know clarity is very important.

“Non-Deservingness.”

That’s the answer I got.

I lay there thinking about this for a minute and it was very clear to me.

We manifest debt in our lives when we are feeling un-deserving at the deepest levels.

It’s almost as if our subconscious mind keeps a tally of everything we’ve GOTTEN from the world, and everything we’ve GIVEN to the world, and if we feel like we’ve GOTTEN more than we’ve GIVEN, then we feel un-deserving.

For example, let’s say that you’ve been working at a job for some time and over time you’ve become somewhat lazy at work, just barely putting in enough work not to get fired.

Really the challenge is that you’re no longer inspired to be doing that kind of work, but you’re too lazy to figure out what you are inspired to do or to make any effort towards doing it.  So you make your daily trip to work to put in your hours, but really you don’t want to be there, so your work reflects that.

Your subconscious begins to catch on to the fact that you’ve been playing Minesweeper instead of working when the boss isn’t looking so it begins to eat away at your self esteem.

Every time you receive a paycheck your subconscious is saying “We don’t deserve this!  We’ve been slackin!” while your conscious mind is saying “If they only paid me what I should be getting paid by now, then I would work way harder.”

You justify your mediocre performance with complaints about your pay, but your subconscious mind isn’t buying it.

Deep down, your feelings of undeservingness begin to grow, even though you’d never admit it to anyone.

As you project that vibration / energy / feeling of underservingness to the universe, it begins to manifest itself in your physical world as increased debt.

You try to drown your feelings by going to the electronics store to look at the newest big screen TV’s they have on sale this week.  As you stand there in the store, you know you can’t afford the TV.  Maybe if you got a raise at work you could afford it, but that bastard boss of yours hasn’t given you a raise in a long time.  So, you decide to treat yourself and end up buying a big screen TV, a Blueray DVD player and a Surround Sound System on your credit card.

While you’re in the store, the adrenaline kicks in, your dopamine receptors are in overdrive and you start to feel euphoria.  Your conscious mind screams “Why not?  I deserve this dammit!” while your subconscious mind is silently repeating “We don’t deserve this.  We don’t deserve this.  We don’t deserve this.”

The next day you wake up feeling crappy, wondering why in the world you blew all that money on your new home theater package when you clearly know you can’t afford it right now.

In a panic, you storm into your bosses office and demand a raise because it’s been over 6 months since your last raise.  Reluctantly he agrees, but points out that your performance hasn’t been exactly the greatest lately.  You agree to improve.

Of course as soon as you leave his office, your subconscious is once again screaming “We don’t deserve this raise!” while your conscious mind tries to justify things with promises of improved performance.

Improved performance lasts about a week, but it quickly diminishes as your stress at home keeps growing along with your debts.  Just days after your home theater purchase, your car all of a sudden had engine trouble which ended up costing $900 to fix, you got a speeding ticket for $300 and your latest credit card statement came in with hundreds of dollars in charges you totally forgot you made.  Your debts just skyrocketed.

This is the cycle of continuous “undeservingness.”

You can’t out-earn this cycle.  The more money you try to make with the same efforts, the more debt you get into because your subconscious screams “I don’t deserve this!” louder and louder.

Retail therapy (aka shopping) doesn’t help either.  It feels good for a few moments as your adrenaline kicks in for doing something “bad” and triggers a dopamine release in the brain, but it’s short lived and now you’re left with more debt.  No amount of shoes, purses, clothing, shiny toys, cars, electronics, trips, or romantic evenings at a restaurant will make you feel any better.  In fact, the more you try to solve this problem using these methods the worst it gets!

You can’t cheat your subconscious mind this way, no more than you can convince it to allow you to hold your breath indefinitely.

The Solution

The only way to stop attracting more debt into your life is to stop your subconscious mind from broadcasting the energy of “I don’t deserve what I have in life!”

To do that you need to get to be bottom of what’s making you feel undeserving.

Here are three examples in which feeling undeserving may appear in your life:

1. Feelings of depression in one area of your life caused you to seek out shopping as a way to temporarily feel happy and fill the void.  Shopping for things you can’t afford on credit increases your feelings of undeservingness.  Debts increase as a result.
2. Your job situation or work conditions improve.  You get a raise, change career paths, or even find the job of your dreams.  You are now making more money than ever before in your life, and you enjoy the work you do, however your beliefs growing up were that making money is hard and work should be hard, so subconsciously you’re feeling guilty and undeserving of your new-found career path and income level.  Debts increase as a result.
3. You get laid off.  Economic conditions force your boss to lay you off.  Your Ego takes it personally and labels you as a loser that “didn’t make the cut“.  Deep down you start feeling like you don’t deserve the job you had, or the money you were making.  This makes it harder to find another job, as you now believe that you don’t even deserve any job.  Debts increase as a result.

As you can see “undeservingness” can manifest itself as a results of events we would label as “positive” (getting a raise for example), just as easily as a result of events that we would label as “negative” (getting laid off for example).  It’s not the event itself that dictates whether we feel more undeserving – it’s our interpretation of the event.

Even if you can’t pin-point exactly where and why you’re feeling undeserving, just be aware that all feelings of “undeservingness” are a result of your subconscious mind believing that you’ve GOTTEN more than you’ve GIVEN.

There are several ways to change this:

1. Change your subconscious perceptions of how much you’ve GIVEN.
2. Change your subconscious perceptions of how much you’ve GOTTEN.
3. Change your subconscious programming on how much value what you GIVE is worth.
4. Change your subconscious programming on how much you deserve to GET for what you GIVE.
5. Begin immediately GIVING more.
6. Begin immediately GETTING less .
7. Combinations of any / all of the above.

Changing Your Subconscious Perceptions of How Much You’ve Given

Most people are conditioned to count certain things they do in life as being valuable, while other things as not being valuable.  For example, one person would not count playing three hours of video games as being valuable to the world.  Meaning, after a three hour gaming session they don’t get out of their chair and think to themselves “I just gave three hours worth of value to the world.”

However, a person who is a game tester or a game reviewer does consider that valuable.  They play a game for three hours and then demand to get paid for it!  It’s all just perceptions.

The trick is to look at all you do in life and re-classify things.  Most of us take things that come easy to us for granted and don’t count them as “giving”.

That alone can totally kill your plans to make money doing what you love.  If you don’t consider any work that you enjoy doing as “real work”, then every time you engage in such work you’ll consider it as not valuable.

This is why it’s so hard for most people to do what they love.  It’s not because it’s so hard to make money doing the thing that they enjoy doing.  It’s because they themselves don’t value their own work because it’s so easy for them and so much fun.

A person who enjoys cooking for example, will often discount preparing a delicious meal as an act of “Giving”.  In most cases they won’t even accept praise from the people who enjoyed the meal.  They’ll say something like “Oh, it was nothing.” When someone suggests that they should start their own catering business, or do cooking classes, they never take the suggestions seriously because they don’t believe anyone would actually pay them for cooking, since it’s so easy and fun for them.

After all, we all know that we shouldn’t get paid for things that are easy and fun, right?

Come on, look around.  How many people do you know in your life that are amazing at doing something, yet they work at a job doing something else.  Their excuse is that they can’t make money doing what they love, yet another person in the same town is making a killing doing just that.  Of course that person isn’t even that good at doing that thing, his real passion lies somewhere else.

Start to question your perceptions of what you’ve given.  Think about all the times you’ve lent a helping hand, or helped a friend move.  What about all the times you’ve made someone smile or offered some sage advice to someone in need.  Re-evaluable your perceptions.

Changing Your Subconscious Perceptions of How Much You’ve Gotten

A lot of times at the same time as we discount our own efforts, we condition our subconscious minds to believe that we’ve already gotten so much out of life.

We say things like “Oh, that person saved my life!” or “If it wasn’t for him, I don’t know what I would have done!”, how do we expect our subconscious mind to interpret that?

If someone lends you $50 and you tell your subsconscious mind “He saved my life!“, it’s going to count that as a huge debt you can never repay.

I’m not saying not to be grateful.  What I’m saying is to stop over exaggerating when you GET something and ignoring whenever you GIVE something.

The universe always preserves equilibrium.  If someone gives you a gift, you may feel that they’ve given you something but you haven’t given them anything back.  That is incorrect.  You accepting the gift may have made them feel happy.  It may have relieved some guilt they had from the past.  The satisfaction of seeing you smile may have brightened their day.

When I go to the store and buy my puppy Zoe a bone, and I bring it home and give it to her, she goes nuts.  She starts wagging her tail, she’s all excited and parades around the house with it.  Can you not see that by giving her the bone I get something back in return from seeing her all excited and happy?  It’s an equal transaction.  Stop assuming that money is the only form of value exchange.

Once again I’m not saying not to be grateful or to feel like you should always be “getting” without every giving anything in return.  All I’m pointing out is that most people have a slanted perception here.  They value others time more than they value their own.  They value getting love from someone (in whichever form) more than they value giving their own love (in whichever form).

Changing Your Subconscious Programming on How Much Value What You GIVE is Worth

Does a $700/hour lawyer work twice as hard as a $350/hour lawyer?

Does a $150/hour web designer work 10x as hard as a $15/hour web designer?

Is a smile or a hug from you worth less than a smile from Angelina Jolie or Brad Pitt?

Who decides these things?  Do you really think the Universe values your love less than someone else’s just because they’re famous?  Get real.

There is only one person that determines the value of what you give is worth.  You see them staring back at you in the mirror all the time.

Change your subconscious programming on how much you deserve to GET for what you GIVE

Sometimes we encounter people who do so much and ask for so little.  At first this feels good because we feel like we’ve finally found a person that genuinely cares about what they do.

However, pretty soon we start to feel guilty, especially when they refuse to accept our appreciation.  Ever try to pay someone for a job well done and they refuse to take your money?

Ever try to compliment someone and they refuse to accept it?  They leave and you feeling miserable and rejected.  You feel like there’s this debt you owe them.

Pretty soon you end up finding someone else to work with because you don’t want to feel like that anymore.  And the person wonders why you no longer want their services.  They conclude that they didn’t do enough, so they work even harder for the next person they encounter, and accept even less, and the cycle continues.

Fair Exchange

The above four examples all revolve around one thing.  The concept of “Fair Exchange”.

Fair exchange simply means not trying to GET more than you GIVE, or trying to GIVE more than you GET.

Of course there is no universal law of what things are worth, so the only real way we can assume “fair exchange” has taken place is to charge and pay market prices.

In other words, charge what the market will bear.  It doesn’t matter if the service you’re providing is fun for you to do.  Undercharging screws everything up, as does overcharging.

At the same time, pay what the market demands.  Don’t try to drive harsh bargains at every turn.  I’m not saying not to negotiate, but also don’t try to thrive on the feeling of thinking you just GOT more than you paid for.  What energy / feeling / vibration do you feel that results in?  More undeservingness!

You save $200 by driving a harsh bargain with someone who is already undercharging for their services, and magically your debts increase by $500 the same week.

Begin immediately GIVING more.

Assuming you’re not undervaluing or overvaluing what you’re GIVING or GETTING, the obvious next step to increasing your subconscious level of “Deservingness” is to start GIVING more to the world!

Stop feeling depressed and sorry for yourself and your growing debt situation, and start GIVING!

Find your inspiration and express it.

Sometimes when we’re hurting for money we get stuck in this rut of trying to figure out what we can do to make more money, and we ignore all the opportunities that present themselves to us just because we don’t think those opportunities will result in a paycheck.

For example, you’re an amazing artist and someone at work asks you if you know anyone who can draw a portrait for them.  You know you could do it, but you’re too scared to ask for money for doing what you love, so you tell them you don’t know anyone while you desperately try to find some “paid work”.

Just start giving.  Giving in the way that inspires you the most is usually the most potent.  You just have to make sure you value what you give.  Pay attention to how people react when you give to them.  Once you see the joy you bring into people’s lives, your feelings of undeservingness will begin to melt away, and so will your debts.

Begin immediately GETTING less .

At the same time, stop buying crap you don’t need!  You’re not going to prove to your subconscious mind that you deserve that shiny new toy that you don’t even need by buying it on credit.  Rebelling against yourself can give you a temporary adrenaline rush, followed by a dopamine fix, but it’s temporary and in the end you’re left with a house full of crap you don’t need and a crapload of debts that just keep growing.

If the first 37 pairs of shoes didn’t make you happy, trust me, the next 40 pairs won’t either.

Once again, I’m not saying that we don’t deserve to have nice things.  I’m just saying to be aware of the real intention behind the purchase.  Are you buying something because you really want it and really need it, or are you just trying to buy something/anything to try change how you feel in this moment.

Combinations of any / all of the above.

Want the fast-pass to deb freedom?  Get rid of your feelings of undeservingness by combining all of the above.  Change your perceptions, then give more and stop buying useless crap.  Your debts will melt away faster than you ever though possible.

Tracking Your Progress

Nothing inspires people more than seeing progress being made towards a goal.

I’ve taken a popular method of eliminating debts often called “DEBT STACKING”, combined it with an affirmation/ process taught by Abraham/Hicks (Ask and It Is Give – Process #19 – Releasing Resistance to Become Free of Debt) and the insights I’ve taught above and put it all into a spreadsheet which combines all three of these powerful and extremely effective debt elimination strategies.

Here’s what the sheet looks like:

 

Here’s how it works:

(1) Download the spreadsheet here: Excel 2007 Format or Excel 97 – 2003 Format ( Click Save As on Each Link to Save To Your Computer )

(2) Open up the spreadsheet.  List your debts in order, from largest to smallest.  So if you own your own home and have a mortgage, and that is your largest debt, then place that in the first row of debts.  Change the name from “Debt #1″ to “Home Mortgage” for example.  Change the dollar amount to the outstanding balance of your mortgage.  If you don’t know the exact amount, it’s time to find out.  You need to stop hiding from your debts, and this spreadsheet will help you track and eliminate your debts.

Lets say that your next biggest debt is a student loan you have for $40,000.  Change “Debt #2″ to “Student Loan” and enter in the amount you owe in the “Total Balance” column.

Do this for all of your outstanding debts, listing them from largest to smallest.  Don’t miss anything.  If you owe $40 on your last cell phone bill, put that in.  If you owe $10 to someone for lunch, put that in.

Once you’ve listed all of your debts from largest to smallest, enter in any debts that you have outstanding amounts on.  For example if you have a credit card with $2,000 on it, and your minimum payment is $150, but you missed your payment last month, enter in $150 under “Overdue Balance” and $300 under “Minimum Payment”.

Once you’ve done that, enter in the date that your next payment is due for each debt.  For mortgages, enter in the date of your next mortgage payment, etc.

Now you have a clear picture of all of your debts, from largest to smallest.

You also now have a total of all of your debts, outstanding balances and your minimum monthly payments.

Whatever that “Minimum Monthly Payments” column says is the minimum you’re paying monthly on your debts right now.  Take note of this amount.  In the example above it’s $3,813.00/month.

(3) Now here’s what you do.  You look at your smallest debt.  In the example above the smallest debt is “Debt #17″ which is a debt for $54.  Let’s assume this is a $54 balance you have on your cell phone bill.  When it comes time to pay this bill, pay double the minimum payment or pay off the debt completely, whichever is less.

In the example above, the debt is $54 and the minimum monthly payment is also $54 so there is no need to pay double the minimum payment since the total debt is only $54.  In this case you would just pay the $54 and clear the debt.

Now, here’s the trick.  Since you’ve just paid off that $54 debt, your next month’s “Minimum Payment Due” (assuming you don’t add on any more debt) will be $54 less than it was before, right?

So instead of $3,813 for example it may  now be $3,759.  Most people would now take that extra $54/m they have after paying off that debt and spend it on something else the following month.  You don’t want to do that.

Instead, keep your minimum monthly payment at $3,813 (or more if you wish of course), and just apply the extra $54 you now have towards your next debt.

Let’s fast forward a few months to illustrate how this works.  Lets say that in the example above we’ve paid off Debts #17, #16, #15, and #14.  They weren’t huge debts and the minimum monthly payments paid them off in just a few months.

Well, now we have an extra $54 + $54 + $85 + $50 = $243/month in our debt reduction budget while still only paying $3,813/m total.  What you do then is you take that $243 and apply it to the next biggest debt.  In our case that would probably pay off Debt #13 completely as well as put a dent in Debt #12.  Once you pay off Debt #12, you add yet another $40/m you used to pay towards it to your next debt.  Now you’re accelerating your debts by an extra $243 + $40 = $283/month.

If you keep going this way you’ll pay off your debts a LOT quicker.  You could get to the point where you’re actually doubling up on your mortgage payments (if you wish) and getting that paid down faster.

(4) At the end of each month, take the total # of debts you have and the total debt amount and record it in the “Track Record” table.  This will show you a month-to-month track record of how much you’re paying off on your debts.  A lot of times we pay our debts every month but because we never really add them up, we don’t realize just how much (or how little) we’re paying off each month.  We make all these payments but see no progress because our monthly cash flow situation doesn’t improve, so we get depressed.

If you track your debts accurately, you may be surprised just how much you’re paying off each month.  It may just be enough inspiration to get you to stop spending more money and to accelerate your debt payments.

Don’t underestimate the motivational power of progress tracking.

(By the way.  The “Difference” column calculates the difference from month to month.  As you enter in each months total, copy and paste the cell above in the difference column to get an automatic calculation.  You can also select the last months cell in the difference column as well as this months cell and click “CTRL-D” to copy down.)

(5) As your bills come in every month, add them into your tracker immediately.  As you pay your bills, update your tracker as well.  This will give you much greater awareness of your situation.  Don’t be afraid to call your creditors and ask them what your exact balance is right now for any debts you have that don’t give you regular statements.

(6) Read the affirmations at the top and bottom of the spreadsheet every time you go in there to update a bill.  As you pay off your bills from smallest to largest, your subconscious mind will start to broadcast a totally different frequency which will help you make more money and pay off your debts even faster.

I know it may seem like a good idea to try to pay your biggest, highest interest debts first, and that is what everyone tries to do, but it doesn’t work.  Pay the smallest debts off first as that will build momentum for you.  Once you pay off some of your smaller debts you’ll start to feel better.  That will attract more money to you and the cycle of success continues.

Final Words

I know this is a long post.  I spent over four hours writing it and creating the Excel spreadsheet.  If you’re in debt, I would highly encourage you to read the post in its entirety and apply the techniques I described along with the spreadsheet.

Even if you don’t believe in some of the more “woo woo” stuff I talked about above in terms of Law of Attraction and energy and vibration, the strategy used in the spreadsheet will work anyways.

However, if you are one of those skeptical people who labels things like the Law of Attraction as “woo woo” stuff, ask yourself – How is your current strategy working for you?

If the state of most people’s growing debts is any indication, probably not too good right?

Why not just try it?