You know, I am amazed as to the number of people who get up each day and are shocked at how complicated their lives are and how poorly things are going for them. It is as if the universe, all of a sudden, conspired against them and decided to single them out and make their lives as miserable as possible. Well, that’s what many people would like to think and believe. The truth is, most of the shit that happens in a person’s life is self-inflicted.
Take for example the young adult who decides to begin his/her life by taking on debt, whether that is credit card(s), vehicle loans or student loans. Do you know how extremely difficult it is to win when you begin life with a financial deficit—tens of thousands of dollars in the hole? Starting out your life in debt is like boarding a ship knowing that there is a large hole in the hull—a hole you created, yet hoping that you will be able to cross the Atlantic Ocean safely. Guess what? You’re going to drown! It’s no longer a matter of if you’re going to drown. It is a matter of when you are going to drown.
Most of life’s troubles fall under the unforced errors category. Unforced errors are stupid and avoidable mistakes that have the potential to undermine, impede and disrupt success and sabotage one’s life. Accumulating debt is an example of an unforced error. I know, I know…some of you believe that debt is a tool for getting ahead. Many are also under the illusion that debt isn’t all bad. And there are others who believe that debt is manageable.
There’s no such thing as good debt or manageable debt. Debt is a destabilizing force that exponentially increases risk and the probability of fatal failure. Because you have the ability to pay your debt today does not mean you’ll be able to “manage” it over the long haul. The fact that you’re in debt, to begin with, means that you lack an understanding of how building wealth works and have chosen to give someone else control of your life. In effect, you’re a slave…to the lender.
Of course you didn’t plan your life hoping to become somebody’s slave for the next thirty years. I don’t know of anyone who woke up wishing for stress, dissatisfaction and unfulfillment to define his or her life.
You can take control of your life by not committing unforced errors. Debt is just one of many unforced errors. There are countless others.
Life gives you what you put into it. You reap what you sow. If you sow stupidity, then you will reap unimaginable stupid consequences. If you barely planted in your twenties, then don’t be shocked if your thirties turned out to be less than phenomenal. The converse is also true. If you commit to hard work, fiscal planning and responsibility and wise decision-making, then you should look forward to a very, very bright and promising future.
Whatever you pour into the universe will be poured back into you with the multiplied force and intensity of time.