Do you know what your personal net worth is ?

Well, simple put it is the total value of all you possession and assets minus the total value of all you liabilities and debts. I’m in the process of figuring my net worth out. And I not sure but right now I think not only am I worth more dead than alive I ain’t worth all that much dead.( My mother and my love ones may disagree but financially I own nothing salable of great financial value so my net worth is looking pretty dismal.)

Despite all that I’m still optimistic about my finances. I think in 3-5 years I’ll be out of the hole and headed for financial freedom. No kidding. It is possible to make a huge change in your financial situation in a short time.

The key to making the change is to stop digging. If your in a hole and it’s getting deeper, stop digging. I like to dig. Spending money is fun. Digging that hole is fun. You could say “I dig digging.”:-) But the truth is the key to getting out of the financial hole you’re in is to stop digging. Stop ringing up debts. Stop charging. Stop excess spending. Downsize some of the “lifestyle.” Stop digging.

It is not rocket science. As the ‘E man”, Albert Einstein said “Insanity: doing the same thing over and over again and expecting different results.” Stop digging.

You like to buy a new car every year or two . Stop digging.

You use you credit card almost every day . Stop digging.

You have buy things with a life span of less than 3 or 4 years on credit . Stop Digging.

You know what your particular vice is that is deepening your financial hole. Just stop digging.

The way to stop things from getting worse is to stop digging. You can do it. Stopping dig yourself into deeper trouble . It is one of the keys to getting true lasting debt relief.

Stop digging.

This entry was posted on Thursday, November 30th, 2006 at 9:01 am and is filed under free debt relief. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.