Dun, dun, duuuuuun. DEBT. The big thing no one wants to talk about, but the truth is, more than 75% of millennials have debt and the majority of it is from credit cards and student loans — only 2 in every 10 millennials have a mortgage.*
Ugh, I can relate.
When Sam and I graduated from grad school, we owed the amount of a very nice house in student loans. It really weighed on me. It was always on my mind. I couldn’t shake it.
Usually, I could hide my stress about it pretty well, but then sometimes I’d have mini freak outs that ruined my day or week or month. Sam was always more level headed about it and would tell me, “Yes, we have a lot of student loans, but we wouldn’t be in the position we are in today if we hadn’t gone back to school.”. He was right. Ugh!
I still don’t think there is a good enough reason for education, especially public education, to put students into six figures of debt… but I’ll save that for another day.
Back to the story.
So even though Sam shared this very wise advice with me on multiple occasions, I still felt paralyzed by the amount of debt we had. I even started to notice that I wasn’t taking the actions I needed or wanted to make in my business because of it. It was like I was frozen. I was scared to invest in growing my business and going after my dreams, even though I knew it would help us get out of debt quicker and ultimately make me happier.
The fear was absolutely paralyzing.
So what helped pull me out of my funk, gave me the courage to take action, and launch my business forward?
Writing a thank you letter to our debt.
That’s right. I wrote a thank you letter to our debt. This may seem silly, but it was an amazing exercise that helped me change my energy around the debt from negative to positive. Instead of thinking about how much we owed, I began focusing on all of the great things that debt had brought us — jobs, our house, friends, life experiences, knowledge, etc. It shifted my mindset from negative to positive, and for the first time in a long time, I felt like our debt didn’t have to hold me back from going after my dreams.
So if you’re feeling stuck or stressed out about your debt, write it a thank you letter. List out the positive things, people, and experience it has given you. It will help make that giant weight you’re carrying a little smaller, help you move forward, and give you the courage to take action on pursuing more in your business and life.
You are so much more than your debt. It doesn’t define you or hold you back from being the person you want to be or build the business you want to build. Once I embraced this, everything changed.
After you write your thank you letter, join my free training to build your six-figure side hustle, so you can leave your debt in the dust and build the life of your dreams.
Until next time… stay ambitious.