Trying to clamber your way out of debt can feel impossible at times.
Logic says the way to clear debt is to spend less, get rid of unnecessary expenses and cut back.
One Australian author, however says she ignored logic and reason and chose instead to function in an entirely new way.
Writing for Body and Soul Simone Milasas says she achieved her financial goals with five tips.
The first is to keep 10% of every euro you make.
“This is a way of saying to the universe (and yourself), “I am willing to HAVE money.” This is not a rainy day fund. It’s money you have and watch it grow. You can keep it in cash, you can keep it in a bank account, whatever is fun for you,” writes Simone.
The next is to keep cash in your wallet. In fact, Simone recommends carrying the amount of cash you think a rich person would carry around.
“It makes me happy to have it there. It makes me feel abundant,” writes the author.
The next tip is to buy things of intrinsic value.
“Buying items of intrinsic value is a way to enjoy having money, and to also have liquid items that will maintain or increase their value over time. Gold, silver, platinum, antiques, rare items have intrinsic value,” says Simone. These items can be resold for near or often more than the cost price.
The fourth tip is to do more of what makes you happy.
“If you’d like to have more joy, start doing what you love. Get out a notepad and write down everything you love doing. It doesn’t matter what it is. Cooking, gardening, reading, walking the dog, talking to people. Don’t consider whether or not it has value to others. If it’s fun for you, put it on the list. Keep adding to it over the next days and weeks,” says the author.
Often people will find that what they love does not require too much money.
The final tip is to get rid of a wish list.
“Instead, create a list of what you desire as your financial reality and commit to choosing it,” writes Simone.
The author says that these tips are not quick-fix solutions but rather are live choices you need to start committing to.
