Thought for today: Underearning is one of Debtors anonymous’ Twelve Signs of Compulsive Debting. It doesn’t matter which came first – the under earning or the compulsive debting – the point is that the feed off of each other in a downward spiral of debt. The way out begins is through awareness, acceptance, and action: The Three A’s. […]
Continue reading →Thought for today: To be solvent in DA means to no longer incur unsecured debt, one day at a time. As DA says, “Unsecured debt is any debt not backed up by some form of collateral, such as a house or other asset.” For many, doing away with credit cards is an emotional and transformational experience. A member […]
Continue reading →Thought for today: A great power in our lives is our intention. Actors study a characters intention in each scene. They decide on the purpose of each moment from scene to scene. When done well, the performance is honest and compelling. When not cultivated well, the results are uneven. The same principle applies to Visions. […]
Continue reading →Thought for today: Compulsive debtors are creative people. We have many more ideas than we have time to work them. Dreams of entrepreneurship run deep in some of us. For others, the performing arts are the thing. Others enjoy writing, painting, or some of the many other expressions of creativity. A member shares: “By the time […]
Continue reading →Thought for today: Some people grow up believing they can’t manage money like “normal people”. They believe that someone else has to take control, and they become financially dependent on that person or entity. They feel they need to be managed like a naughty child. Their self-esteem is low. Signpost #12 of compulsive debting (DA): “A feeling or hope that someone will take care […]
Continue reading →Thought for today: Why do compulsive debtors put the needs of creditors first? Fear, real or imagined. Sign #11 of compulsive debting (DA): “An unwillingness to care for and value yourself: Living in self-imposed deprivation; denying your basic needs in order to pay your creditors.” A member shares: “Somehow I had gotten the message that I was no good […]
Continue reading →Thought for today: Compulsive debting affects judgment. It makes it seem reasonable to take on a lot of extra work to pay creditors. Exhausted all the time, the debtor usually broods or wastes time, and it always feels like they were playing “catch up”. Sign #10 of compulsive debting (DA): “Overworking or underearning: Working extra hours to earn […]
Continue reading →Thought for today: Many of us, developed strange attitudes and concepts about money. We began living a secret shame which was exhausting and isolating. Sign #9 (of compulsive debting) “Unwarranted inhibition and embarrassment in what should be a normal discussion of money.” A member shares: “I used to get so scared when I talked about money with my […]
Continue reading →Thought for today: Sometimes to recover from compulsive debting it helps to develop our Visions for the future. A Vision board helps us map out where we want to head in the future, to make our Action Plan a reality. We cut pictures out of magazines, and make collages with the things we want to get, do […]
Continue reading →Thought for today: To help recover from compulsive debting, we can meet in Pressure Relief Meetings in which we review our spending and income, and develop a Spending Plan and an Action Plan. Sometimes the disease of compulsive debting can make tracking our numbers seem so overwhelming that we avoid doing it: Some of us have math anxiety and fear […]
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