I was watching hoarders and became to a realization how hoarding is like getting into debt. One of the participants said “I never realized how bad it was until I went through this process” that process was getting rid of the clutter. How much debt do you have? Is it too much? Is the taking over your life? Do you feel ashamed?If you answered yes then you’re a debt hoarder if you answered no but have debt then you might want to get a second opinion.
They say hoarding is a mental issue. The same could be said about getting into debt. It’s about ignoring reality. It’s about not seeing the elephant in the room. The question is what can you do about it? How can you get out of debt and see the elephant in the room?
You have to go into the third person and look at it from an outside perspective. If you have $10,000 in credit card debt and you have no problem with that then there’s a problem that is a lot of money no matter how you slice it if you make $100,000 a year that’s 10% of your income. Why do you need 10,000 in credit card debt if you make $100,000 a year? You don’t. That means there’s something wrong. And if you have more than $10,000 in credit care debt you are a hoarder.
You need to face this debt. Stare at it in the face. Look at your last credit card statement and put it on the refrigerator. Look at it every day until you come to terms with yourself on that you have debt you shouldn’t have.
If you’re trying to pay down debt then I’m not talking to you. You found out you had a problem and are trying to fix it. I’m speaking to those that won’t ever read this because they don’t realize they have a problem. They will realize it one day when they are at their weakest and it’s almost too late. However, I do hope that they read this before then and realize they have a problem and for help.
We live in a world where finances are private and something we shouldn’t talk about. I don’t understand that because finances are such a big part of our lives that they should be talked about. If you watch hoarders then you will see how much the hoarding affects their lives. It’s sad to watch how they can’t control their hoarding and how some of them don’t succeed in fixing the problem. But seeing the ones that do change is a great story. Let that be your story. Change your life for the better because it might not be the best that it can be because you’re ignoring the elephant in the room.
Have you ever been a debt hoarder? Do you know anybody that’s a debt hoarder? How has debt affected your life?