Questions Of Debt

I was struck recently by the headline that some 75% people with debt show physical signs of stress.

Debt is an interesting subject, should you borrow money? In business you borrow money in order to invest it in your business and turn the borrowed money into more money (hopefully). When buying a house you borrow money to purchase an appreciating asset. Few of us could save to by a house as house prices seem to rise quicker than you could ever hope to save on a moderate income. So from a rational perspective you should only borrow to invest in something that adds financial value. So borrow to buy a house – yes. Borrow to buy a big dinner – no.

Buying a car? This purchase does not seem to add up at all. Buy a new car and it is worth about 50% of its purchase price in three years time, it is a very poor investment. Pay cash for it and you are tying up your funds in a depreciating asset but if you borrow to purchase then you are not only losing from depreciation but also paying interest on your borrowings as well. However by financing a car purchase you are freeing up your cash reserves to invest elsewhere and help offset the losses of depreciation. The choice is yours entirely but none of this feels very abundant.

Surely, you may think, if the Universe really is benign and abundant then I should be able to buy whatever I want and not worry about it? Maybe, but it is going to take some practice to become that confident. We do of course live in times where there is certainly an abundance of easy credit to be had and that can be highly tempting. However if your inner belief is that “there is not enough” or that “I don’t deserve” then you may well end up in the 75% mentioned above and become stressed by your debt burden. Before you or I can embark on any boundless spending spree we will have to truly believe and embody an actual state of abundance.

I go in and out of debt much like the tide and it does not concern me very much. It is something I choose rather than something I feel has been forced upon me by circumstance. I see it as part of my learning about abundance issues and trusting in the workings of life. Trust is a huge part of this work, I feel, and how do you learn to trust? Dare to take some risks, dare to love, dare to spend even, just keep pushing the boundaries of your comfort zone a little so that your anticipation or excitement level remains greater than your fear level for most of the time.

One of the results of the study that the BBC did whilst creating their “Mind Of A Millionaire”: http://www.bbc.co.uk/science/humanbody/tv/millionaire/ was that the wealthiest people also took the greatest risks in order to become wealthy.

If you are one of the 75% quoted already then I suggest a two pointed approach. Follow the practical advice on David Heron’s site and further explore this site for guidance and resources to help you strengthen your sense of self worth and deepen your creative understanding.

For a bit of fun you could check out your Destiny Number and take a peak at your wealth potential. My number is 8 which suggests I am on the right track.

Good luck.

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