Problems don't discriminate. They are part and parcel of living. I remember when I was 80k in debt, sleeping in my small mold-infested office with multiple banks threatening legal action against me.
My parents and relatives avoided my phone calls out of fear of having to turn me down for a loan.
I was lost, scared, and couldn't see a way out of the hole I was stuck in that was getting deeper by the day.
And even though I couldn't see a way out.
But, I want you to know there is one.
I know it isn't fun feeling like you're stuck with seemingly no way out.
I remember how awful it was for me.
And even though I hated every moment of it.
I wouldn't change it because it shaped who I am and what I have been able to achieve to this day.
And I want to share it with you now.
If you want to get out of debt and achieve lasting financial freedom
And possess the power to control the wealth in your life moving forward.
Then you will want to know these Bounce Back Money Mindset Secrets to break free from financial struggle and set yourself up for wealth and a financially secure future.
You may be surprised to know many of the wealthiest people on the planet started their journey to prosperity from being thousands and sometimes millions in the red.
Including myself and many other millionaires, I have met through the years.
So let's get right into my top FOUR bounce back financial strategies you need to put in place in your life today to start living the life you want.
Bounce Back Money Mindset Secret #1 - Don't panic
Turn defeat into victory – as the saying goes: where there is a will, there is a way.
As I can attest to, no matter how grim your situation looks right now, there is a positive side in it. Don't beat yourself up because you're not alone. The trick is to look at this experience for what it should be.
A new idea, A lesson learned, A resilience that builds inside you, which sets you up to face any challenges that try to muscle there way into your life.
I also suggest getting support from a friend or family member someone who shoots straight from the hip and will keep it real with you.
But the most important key here is to learn from the mistakes you made and avoid making them again in the future.
Bounce Back Money Secret #2 - Make a Plan
Getting out of debt is hard but not impossible. But a sounds financial bounce back plan is essential to transform debt into profit quickly.
I highly recommend you check out Dave Ramsay's Total Money Makeover, where he shows his proven ways to get out of the debt cycle and build wealth with his seven baby steps to financial freedom. Here is a quick rundown:
§ Baby Step 1 – Build a $1,000 emergency fund
§ Baby Step 2 – Pay off all debt using Dave's "debt snowball."
§ Baby Step 3 – Save 3 to 6 months of expenses in savings
§ Baby Step 4 – Invest 10-15% of household income into Roth IRAs and pre-tax retirement
§ Baby Step 5 – Start college funding for children if required
§ Baby Step 6 – Pay off your home early
§ Baby Step 7 – Build wealth and give back
Bounce Back Money Secret #3 - Stretch your mind
Your mind knows no boundaries – often, people who play it safe and stay in their comfort zone, afraid to step outside the box even just a little end up becoming financial wrecks.
This is because ALL millionaires, regardless of their background or how they achieved success, have ONE mindset attitude In common.
They take risks.
They don't take outlandish risks that could go either way.
But calculated risks based on their research, initiative, and gut feeling, which develops over time with experience.
And this idea all comes down to the (wealth) mindset they have established.
They weren't born this way. In fact, many learned how to "cured the fear" of risk-taking in their 40s, 50s, and 60s, which led them down the affluent road they live on today.
Create a new vision for YOU and Truly believe in it
Bounce Back Money Secret #4 - Reprogram Your Mind
The final bounce back money secret is also the most essential to a prosperous future. You must learn to reprogram your negative thinking towards wealth that has held you back from the prosperity you desire.
A great way to do this is to use this quick little 4 step exercise that will help you identify and reverse all your negative subconscious thoughts about money.
Grab a sheet of paper and write down every negative thought you had had about rich people, wealth, and money when you were young.
Rich people are greedy
Money is the root of all evil.
Get the idea?
Write down why you feel these "thoughts" have hindered your ability to achieve financial success in your life so far.
Can you see how following this pattern has led you down the wrong path?
Can you see that these thoughts on represent what was mistakenly installed into you by your environment as you grew up?
Do you see that you have a choice to either spend your living from paycheck to paycheck swallowed by debt?
OR to make a positive change, do something different that can carry you to a life of wealth and financial security for you and your family.
Declaration / Affirmation
If you are ready for change, then I want you to write down a positive wealth affirmation statement to say out loud in front of a mirror for 5 minutes each day.
Here is an example of what I use (Remember: There are no wrong answers here. You can word these affirmations any way you choose.)
I am a magnet for money; money flows into my life in many different ways. I am worthy and deserve to make more money.
Use these for at least 60 days, so you develop a positive brain habit. Then feel free to change them up as you please.
When you follow these four steps, you will find life and money will become a whole lot easier.
Yet the truth remains that if you're not fully committed to being financially free, then chances are you won't be.
So a word from the wise… "The person who doesn't know where his next dollar is coming from usually doesn't know where his last dollar went."
Need some additional help reprogramming your mind for wealth and abundance?
Why not try my self-hypnosis audio tracks.
Over the past ten years, I have learned that the most significant reason many people don't create the wealth they desire is down to one subconscious thought that is like a barrier between YOU and the wealth, abundance and prosperity you want.
That is why I suggest you check out my Overflowing Wealth self-hypnosis guided audio track.
Just listen to it once a day for 2 weeks, and you'll quickly and effortlessly rewire your mindset to a new fresh Wealth Brain mindset.
And from the comfort of your bed or couch.