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Do. Or do not. There is no try.

by:
Helen Ramlal

“Do.  Or do not.  There is no try.”   This is a quote from Yoda, the legendary Jedi Master from Star Wars, who delivered this nugget of wisdom to Luke Skywalker, seeking to strengthen Luke’s mindset and teach him that lofty missions will not succeed with a weak “I’ll try” attitude. As a credit counselling agency we feel this attitude holds special value and can be applied to your plan to pay off your debts. According to Yoda:  Lose the doubt, build belief in yourself, create a plan---but most importantly, choose to “do”---not “try”.  Star Wars fan or not---Yoda’s insight may be the key to keeping our New Year’s Resolutions as well. 

 
Success is based on our ability to commit 100% to a path.  There is no middle ground.  Following a chosen track does not mean there won’t be setbacks or challenges; it simply means that when faced with an obstacle, you will have to find a way because of your commitment to accomplish your goal.
 
If your New Year’s Resolution is to become more empowered in your financial life and eliminate your debt, you will need to do some things differently to see positive changes in the next 12 months.
 
Here are 10 things that you can do to demonstrate your commitment to a path of financial freedom:
 
  1. Obtain and review a free copy of your credit report from Equifax and TransUnion.
  2. File all outstanding income tax years and stay current from now on.
  3. Pay off your overdraft and keep a positive bank balance all year long.
  4. Declutter your home.  Get rid of all garbage and miscellaneous items that are clogging upyour life.  Open up your space to promote clear and creative thinking.
  5. Become a planner---not only for tomorrow but for months from now.  Plan when you will shop, what you will buy and how you will save.
  6. Use our budget calculator to see how one small change in spending can help you getdebt-free.  Make that change.
  7. Use Credit Canada's free debt calculator to determine when you will be debt-free.
  8. Read some personal finance books, newspapers and magazines.
  9. If your numbers are not adding up, get a professional second opinion. Talk to us a Credit Canada.
  10. De-stress.  Simplify your life and get rid of the naysayers.  You will need a strong and positive mindset for this journey.
 
Yoda’s message to Luke is that he must commit his entire mind to the mission at hand, otherwise he will fail.  Similarly, to conquer a debt problem, you will need a plan, a goal, a mission and a strong desire to “do”. 
 
Becoming financially solvent/savvy/successful will mean attention to detail.  It will also involve changing your mind, thoughts, lifestyle, choices, habits, commitments…everything.  Over time, peeling back the layers of financial indebtedness will give you a clearer picture of the better life that is waiting for you.   
 
Remember:  Yoda’s call to “do” is a call for determined action.  Do this in your financial life and you will reinforce your belief in yourself, bring about positive change…and will make financial success the inevitable conclusion.

Topics: Credit Counselling

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