6 Mantras For Financial Freedom in 2020
Six mantras that will empower you to take control and free yourself from debt.
Every New Year financial resolutions rank on the top of people’s lists. This is your opportunity to make the coming year the first step on your path to financial freedom and success. Here we’ve put together our top six mantras for financial freedom in 2019. Let them set you free!
1. Everything is interconnected
Money is like energy, it operates on the law of cause and effect. EVERYTHING is interconnected. Not only does your financial situation affect every part of your life and greatly impact your mental and emotional health, your approaches to debt and your financial options are a reflection of your overall approach to life. Once you embody these following mantras and internalize how much you really are in control of your financial freedom in 2019, other areas of your life will also fall into place and empower you to be the best version of yourself.
2. I have options
Remind yourself that you have options. You don’t have to do this alone. Many people in debt feel stuck and aren’t aware of all of the options available that are specifically tailored to their unique financial needs.
Debt consolidation, for example, is a relief program that enables you to pay one monthly payment to a company which then forwards your payment on to your different creditors. This usually secures an overall lower interest rate. If you’re dealing with multiple types of debts going into the new year, this may be the best option for you.
Online loan marketplaces, such as LendingTree, allow you to fill out one application and receive multiple, competitive consolidation offers tailored to your financial situation.
3. I can make my money work for me
Your income, no matter how big or small, needs to be working for you at all times. This means understanding your investment options and always investing wisely. For example, investing in a 401k allows you to invest money for retirement AND receive free money from your employer while doing so. Bonds and low-risk stocks are also smart investments, regardless of how much you’re able to invest.
4. I will save more
Being in debt should not excuse you from saving money. Every month commit yourself to saving at least 5-10% of your monthly income. Even if you have a limited or unconventional income, saving needs to be your top priority.
But this doesn’t just mean spending less.
You can also make your existing debts cheaper. For example, if you’re going into the new year with numerous credit card debts, you’re wasting your money on paying interest on high balances to different creditors at the same time. This isn’t making your money work for you.
LendingPoint offers personal loans for borrowers with average to bad credit, primarily for debt consolidation. They can enable you to roll multiple debts into a single loan with fixed payments and a lower interest rate. This is key because with one, lower interest rate, you’ll save money
5. I know exactly what I’m doing
Let 2019 be your year of financial knowledge. If you know what you’re doing, you’re going to be making leaps and bounds towards financial freedom. Don’t trust anyone to tell you what your options are, how things work or what’s best for you.
Part of knowing what you’re doing is knowing that you can, and should, make lenders compete to lend you money. Whether you’re looking to consolidate your debts or take out a personal loan for a large purchase, you’re not begging for money - you’re offering lenders your business.
AmOne is a leading trusted online marketplace that allows you to compare multiple
personal loan offers, making lenders compete for you with the best rates.
6. I am in control
This is the most important financial mantra going into the new year. Regardless of the current state of your finances (yes, even taking into account those unexpected expenses that hit you in the past year), believing that your finances are out of control is the ultimate recipe for more chaos. Control means success, because once you know that you’re in control, you understand that financial freedom in 2019 depends on one person and one person alone: YOU.
Looking for more information? Compare the top debt consolidation programs here.