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Avoid Debt Attraction

Are you attracting debt?
Are you attracting debt?

Do you have anxiety when it comes to money?

Do you have debt that you are trying to pay off, but can never seem to get ahead?  Does money always seem to disappear before you have a chance to write a check?  Is “debt attraction” your middle name? You are probably self-sabotaging your efforts to increase your income and experiencing financial anxiety.

I used to live by Murphy’s Law.  Whatever can go wrong will go wrong.  Well, that was my motto every single day.

I was so anxious, not just about money going out, but about money coming in.  I felt that any money coming into my household was just going to go right back out…quickly.

If you are a new business owner or want to start a business it is imperative to identify any negative habits and emotional relationships you have around money and what you are doing to attract debt and un-attract income.


A Starting Point

Become aware of your actions when it comes to personal money first.  Whatever negative financial habits you have will spill over into your business.  If you are not aware of your personal finances, then you will not be aware of your business finances.

When entrepreneurs are just starting out, most cannot afford to hire a bookkeeper or accountant to do their books periodically.  Some do not even know what a spreadsheet is.   Start-up cost for the solo-entrepreneur can become overwhelming.  Thus, with all of this worrying and bad energy going on, it is easy to unconsciously attract debt into your life.

Here you will find a few easy steps to use for your personal and business financials that helped me to overcome DEBT ANXIETY.

1. Use an EASY “Bill Expense Calendar” strategy

  •  At the beginning of the month print a calendar of the current month.
  • Write down each bill you have to pay for the current month and enter the amount owed a day or so before it is due.
  • At the beginning of each week write the total amount needed to pay the bills for that week.
  • This gets the bills out of your head so you can focus on production.

When I first started out with this business, I would take each weekly figure and figure out how many clients I needed to get to that amount.

For instance, if my bills for the week were $620 and my lowest package was $250.00 and the next one was $400.00, I knew I that I needed at least 3 clients at my lowest priced package or 1 at the lowest and 1 at the next level.

Focusing on the end result helped me to have less anxiety (bad energy) and put more productivity (good energy) to create the income that I needed.

You can easily do this weekly, bi-weekly or monthly.

2. Develop a system for all of those pesky little receipts and un-clutter your life and business.

  • Use Binders or Composition Books to keep track of your receipts.
  • Circle the date and amount on the receipt and write the reason for the expense.
  • Now take your receipts and tape them to the book in chronological order.
  • Do it while watching TV.  Schedule a day at the end of each month to tackle this project.

3. Make a list of auto-pay bill payments, especially the small ones.   It’s the small monthly auto-pays that can add up.  Just keeping your website running smoothly can incur many small auto-payments, such as: hosting, appointment booking, digital file downloading, auto-responder, email list building.

  • Make a list of all of your monthly auto-payments.
  • Put the auto-payments in chronological order so that you will know when the payment will be coming through.  This will alleviate any surprise charges to your credit card or bank account.
  • Put the list in a place where you will see it everyday.

These are just simple systems to get your finances in order quickly.  Systems should be in place first if you are going to succeed in business.  There is absolutely no way around it, especially as an entrepreneur.  We all want to make money.  But what is the point if we can’t manage our own personal finance.

Be aware of your thoughts and actions around money.  Financial anxiety can lead to DEBT ATTRACTION.  Don’t dwell on the bills.  Be accountable for what you owe, and then place your focus on getting the clients.

One reason so few of us achieve what we truly want is that we never direct our focus; we never concentrate our power. Most people dabble their way through life, never deciding to master anything in particular. — Tony Robbins


Now that you know my tips to avoid attracting debt, tell me what systems you have in place and share it in the comments section below.


Image courtesy of phanlop88 at

2 Responses to Avoid Debt Attraction

  1. I have an excel worksheet set up with all the personal bills on it and when they’re due. I guess I should add the business bills as well. I don’t have many. It totals about $400 a year right now. Calculating how mny clients I need is one thing, finding them seems to be the hard part 🙂

    • Hi Linda, Thanks for the comment. Keep a separate spreadsheet for the business bills. It will help you when tax season rolls around. The 28-Day Networking Challenge to Get More Clients will be rolling around any day now. It’s FREE! So, stay tuned…

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