How to Look at Debt

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How to Look At Debt

 

In the current economic climate many people are looking for quick ways to eliminate debt and restructure their financial picture. This is a great concern held by many who were caught short during this financial crisis. Because many are paying attention to their finances now they are focusing on getting rid of debt when they should be focusing on creating wealth.  Now, I know when you are in the middle of owing money you think that is the most important focus but at least try to look at it differently.

 

Having a focus on debt reduction or elimination, without focusing on wealth creation is like trying to eliminate war by always fighting. The best way to eliminate war is to focus on peace, and the same principals apply in finance.

 

With a focus on wealth creation and efficiency you will be able to see debt in a whole different light. You will be able to see how it relates to your whole economic picture and not just how is fits in a micro view of just looking at debt singularly. The best ways to look at your whole financial world is through a macro economic simulator and see how the debt relates to your whole financial picture. It’s always better to look at the whole first then the parts.

 

It’s like putting a jigsaw puzzle together; it’s difficult to put the puzzle together looking at only one piece. You have to see the whole picture first before you can put the puzzle together efficiently. If you try to put it together without understanding the big picture you will spend unnecessary time and effort and probably never get the puzzle together. But if you were successful in getting the puzzle together it would be tedious and inefficient. Seeing the big picture first will give you a better advantage.

 

You must look at your financial world the same way; you must see the big picture first before you can understand the pieces. To focus on debt is like looking at one piece of the puzzle, its not the whole puzzle. You might think it to be the biggest piece of the puzzle at the time, but it is still only one piece of the picture.

 

With our economic simulation process we are able to see the whole picture first and then understand the pieces. We are able to see how to fix the debt specifically. When you look at the whole picture first, you can see how all the pieces fit together. Your debt is easy to fix when you can see everything, but unless you are able to see everything at one time, you will think the debt is the most important part when it might not be. Its only important in your mind!

 

The so-called financial experts attack specific financial problem by creating additional problems. The traditional method of eliminating debt is to create more debt, but stretch it out farther. Before this economic crisis, the way to solve the debt problem was to use real estate as if it was an ATM machine and look what happened, the real estate values dropped and now there is less equity to do it again.

 

There are other methods that are equally as painful when only viewing the problem as one piece of the financial picture. When focusing on the whole picture and wealth creation you will be able to see how to recover lost dollars that are eroding away and applying these lost dollars to debt recovery. Through economic simulation many times you can recover debt with interest and put it to growth even making you wealthier.

 

So next time you look to paying attention to your debt ask yourself the question, How does the debt relate to my whole financial picture? If you want to learn how to understand your financial world and hear information that you will never hear from any financial institution, financial planner, or many accountants then go to www.MoneyTeleSeminars.com and sign up for a 2-hour tele seminar about “Wealth Recovery”.  You will see the financial institutions and financial planners in a whole different light, I promise!

 

Thanks for reading,

 

Dr. Raymond Jewell, Economic Advisor
www.FinancialFreedomRadio.info