Let Go of Financial Burdens and Get your Health Back
By Dr. Mary Starr Carter
Do you have Financial Burden in you life? You know the type of debt that you can just barely cover every month. Or maybe you are behind in your financial obligations. Or worse maybe you are facing foreclosure on your home.
More and more of my financially smart friends are doing things like selling their homes and moving to a rental, releasing their mortgages, living with only one car. Why would they make the decision to do this?
In the movie Larry Crowne starring Tom Hanks and Julia Roberts, Larry loses his job of many years and decides to go back to school. He can't afford his house (living in California) and strategically gives it back to the bank. His big gas hogging SUV is put up for sale and he starts riding a scooter. In essence he unburdens his life and becomes much happier.
Opposite this scenario is my 50 year old single friend whose health has deteriorated through the years from stress and lack of self care. Her stressors are both relational and financial and when she comes home at the end of the day she is responsible for EVERYTHING.
DEBT is DECEPTIVE
The American Dream of owning a home is very deceptive
A homeowner must do or outsource many things including: Cleaning, Maintenance, Lawn Mowing, Garage Take out, plus all the financial burdens of mortgages and taxes. (In my state NY, taxes on a $125,000 home, per month are as much as a 2 bedroom apartment would cost per month.) If something happens in your home and you aren't handy you must outsource it. Stoves that don't work, Toilets that break, Hot Water tank breaks down, all this can cost a home owner on average $500-1500 a year.
And the deception that your house is your retirement fund, that when you retire you can sell your house and live off of that money is not good financial sense any more in most situations.
But my husband (a real estate investor) wants me to make the point if you strategically learn real estate investing you can create an additional or significant income. But this too can be burdensome as one of my single friends found out while trying to get her deceased parents home ready to sell. She thought she would save money doing almost everything herself. Almost 4 years later she has depleted her savings, deteriorated her health and still has not sold it. All this to get an additional POSSIBLE $50,000 – $100,000 more.
What is 4 years of your life worth? What is your health worth? I hope more than that. One word – WHOLESALE… look up wholesaling a home if you are in that same situation.
STAY AWAY FROM THE BIG RED CHECK
Recently I was reunited with my old college roommate who has a business of repossessing cars. It was really interesting listening and learning the process of how these car dealership credit companies get you. THE BIG RED CHECK… if you see that when applying for a car loan… RUN….. If you get a loan with these companies and miss just one payment they will come to take your car, and to get it back, you will have to catch up on your payment and spend minimum in $250 in penalties.
MAKING MORE MONEY IS NOT THE ANSWER
I know this statement is true because just several years ago my husband and I were earning over 6 figures a year and spending all of our income every month plus an additional $1000 on credit cards. We had $250,000 in debt. BUT by learning just a few principals of wealth we paid off over $170,000 in debt in a little over 3 years. YOU CAN TOO. My best recommendation for learning Wealth Principals of keeping your money and paying off debt is War on Debt a program by America’s Secret Millionaire, Dani Johnson. http://www.danijohnson.com/successtools/self-improvement/war-on-debt-home-study-program/ Get the program it will change your life.
DEBT = DISEASE
With over a decade of working with clients who struggle with Fibromyalgia, Chronic Fatigue, Rheumatoid Arthritis and other chronic illnesses I have found that 90% of them have had periods of or currently have very stressful financial situations. Whether they were sole providers like single parents with no financial support from a former spouse, they had lost a job, they or a child needed hospitalization that left them in debt…. and the list goes on.
I have no doubt that stressful DEBT = DISEASE. If you are someone who is struggling financially act NOW. Don't wait the longer you wait the worse it gets. Face the situation, do what needs to be done, invest in War on Debt and apply what you learn. These steps not only can help you get your life in order it can literally improve your health!
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Dr. Mary Starr Carter is known as the Total Wellness Doc. She has been training individuals about Natural Health Solutions for over 13 years. She is trained as a Chiropractor and has studied under the world’s foremost leaders in natural medicine. She is a mother and a wife and has created a balanced and total wellness life for herself and thousands of her clients using her simple wholistic approach to health and wellness. Her coaching, classes and ebooks help clients with Fibromyalgia, Hormone and Adrenal issues, Asthma, Diabetes, Weight problems, Thyroid and Chronic pain find resources and solutions to better health.
We publish newsletters and blogposts twice a week for our readers for general education purposes only. We cover topics that are related to achieving and maintaining total wellness which includes our emotional, physical, spiritual and financial health.