Thought for today:

We all want abundance, right?  A chance to get ahead in life, have security, happiness.

The problem comes to some of us who choose to use credit as a shortcut to abundance.

For whatever reasons, the problem is the same: Compulsive debtors are powerless over the intoxicating effects of unsecured debt.

No leverage is ever bought with unsecured debt – debt not backed up by some form of collateral – you only become more insecure.

Whether a person or a business, unsecured debt is like a magician’s false floor, where the beautiful assistant disappears…  Credit cards are like a false foundation for getting anywhere except deeper into debt.  The compulsive debtor usually finds this out late in the game, after late fees, collection notices, court summonses and panic set in.

A member shares:

“When I was actively debting I had no patience for ‘thinking before doing’.  Immediate gratification was the only plan.  As a result, I fell for every scheme out there for getting ahead, and I was soon worse in debt than when I started.

“Credit became my mood-altering drug.  I would use it to put off the inevitable let-down when the bills came due.  But that sinking feeling would always catch up with me.  I had a misplaced faith in credit cards, and it brought a debt-spiral and despair.

“Only when I admitted that I was powerless over debt and that my life had become unmanageable did I start to get manageability back.  Throwing in ‘both ends of the towel’, without reservation, was the key.

“Today I always pay cash or use a debit card.  I have money in the bank, a payment plan for my debts, and a life beyond my wildest dreams.”

Walking away from debting:

A new journey starts when we change direction.  Stopping compulsive debting means letting go of the option to borrow without also turning over collateral.  We don’t need increased credit limits for happiness.  We need serenity, knowing we are on the right track again.

Step One:

We admitted we were powerless over debt—that our lives had become unmanageable.


“Have I admitted that unsecured debt is toxic to my serenity – that I am powerless over the advertisers, the credit card companies, and my compulsion to take short cuts?”

Meditation for today:

Only by letting go of old prejudice can new truth be found.  Measure your days by the wisdom achieved, not the possessions acquired.

Affirmation for today:

“As I surrender to the life force, so the life force will give back to my life.”

“I can give up my way of doing things when it no longer works.”

How to Recover in Debtors Anonymous (Whether You’re in that Program or Not): A Primer

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