One of the things you and I need as an Entrepreneur is “Freed Up Energy”. Free up the Stress in our minds to be able to use our creativity to make our business work. But sometimes we can’t do that.Why?
Let me explain. Back in 2014, I had all these credit cards and very little to earn and I sit with this guy and I am so sick and tired of all these calls and stuff I want to payoff my Debt. How do I start?
The first thing you got to do is…
Make a list of all debt that you have and don’t pay off the one that’s the biggest amount of debt, pay the one that’s consuming the most interest. Calculate the percentage of interest that you are paying and start filling it first. This is brilliant. I did that and paid off my debt.
Now, what does this have to do what I’m telling you what energy and having enough time and your brain to think about it. Here’s the logic. Our brain thinks about certain things throughout the day. Some of us spend most of our time thinking about one topic.
Let me put it this way.
You may be thinking about money, family, business, school, partying, politics, sports, friends everyday. It doesn’t matter. But there’s always one that sucks most of the energy out of your brain and if you’re going to use this anyways, what if we could put it in something like our business that helps it grow.
Imagine from morning till night all you think about is 22,000$ debt. I’m late on my card payment, I’m late on this. It’s like you are underwater and you’re trying to figure out which way to swim. You don’t even know, but all you’re trying to do is breathe.
So your brain doesn’t have the energy to think about how to grow your business.
Step 1# Go payoff that debt
It’s taking 41% of your debt. Some of you may say I’m sick and tired of fact that I’m out of shape. Its summer and everyone wants to go to the beach and you don’t want to because you don’t want to take off your shirt because of your belly. Why don’t you go lose that 30 pounds so it doesn’t consume 20 percent of your brain energy.
Or You have a friend that completely messes with you and feeds your brain with negativity, cut him down in your friends list. If you have a boyfriend or girlfriend dating right now, that’s wasting your time. You know for a fact that you’re not going to end up with them. Move on because its consuming your creativity in your mind and the energy.
Once you do that, the majority of time wasted can be directed towards your business. Now you can grow your business. Because I have more time to focus on fewer things that gives me the highest rate of return so I have a better chance of winning in life.
So this week, make a list eliminate, put a formula and take that bigger percentage into the one thing such as business and go succeed in a big way.