I’m in all kinds of debt. Health debt, tech debt, financial debt and slowly but surely, I’m paying them off. financially I owe 42k (down from 57) , health debt I’m 40 kilos overweight and tech debt, well I’m coming from an SAP Architect background where all this new fandangled devops things are still a mystery.
Again, with my top three:
1) Cut off the bleeding (making sure the problem doesn’t get worst)
The first place to paying off debt is to make sure the problem doesn’t get worst. Check your spending, cut down on unhealthy food, embrace new computing models. I started tracking every single pound I spend and cut down on the unnecessary purchases. This is rather difficult as I’m a creature of comfort and unfortunately comfort costs money. But that’s the problem with debt isn’t it? Paying up the past. So today you has to suffer the consequences, which segways nicely into the second point.
2) It’s not the end of the world
Paying up debt is difficult and requires effort but there is a goal and that goal is to not let it happen again. Because it’s a sustained effort it starts taking over everything. Slowly at first but then you get a sinking feeling every time you try to relax, this nagging at the back of your mind, like there is something left undone, a spectre that looms, grows, lurking in the dark getting bigger and bigger until it takes over. It’s your job not to let it! as long as you are taking steps in the right direction, you are doing you’re your job, as long as the debt is going down, don’t worry. Learn to relax, don’t let it take over, carry on and live your life on day at a time. As a wise man once said: “if you are going through hell, keep going”
3) There is an end!
The good think about debt is that it ends. If you take your job one day at a time and keep up the effort, you will get over it. then, it’s a new lifestyle. A road to better improvement, a continuous cycle constant change. Peter Senge’s Fifth Discipline is a great inspiration for this phase.
Personally, I’m focusing on paying off tech debt this will lead to paying off the financial debt once I have spare money, I’ll focus on health… this is a risky strategy since I have a history of heart disease in the family, but I feel it’s what I need to do.
KR,
Guy