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The Power of Positive Thinking

  September 23, 2015  |    #Live Fabulously

Positive Thinking with the Masters

We were fortunate enough to be invited to appear on The Money Mastermind Show hosted by Miranda Marquit, Glen Craig, Peter Anderson and Tom Drake. We had a lively and funny discussion about the power of positive thinking and money. Ultimately, we all came to the conclusion that positive thinking is the spark that gets the engine started to reach your goals, whether financial or otherwise. The power of positive thinking is not about being delusional. It’s the power of giving yourself hope and making decisions based on opportunity, rather fear.

Our Positive Experience

The basis for this belief is the two and a half years we spent living in a basement apartment and paying off over $51,000 worth of credit card debt. Our aha-moment came on a fall Sunday night after we spent the weekend in Winter Park CO. We had too good of a time and, yet again, blew our budget and wished we could do it all over again. We sat on plastic chairs wallowing in self-pity in a half landscaped backyard above our apartment. Our regret had settled in even before Monday morning. That was a bad sign.

That aha-moment was the revelation that we were not only financial messes, but financial hypocrites. We were telling people what to manage their money when we couldn’t manage our own. That aha-moment was pivotal. It was the seed that would germinate into us paying off our credit card debt. Seeds, however, need water and soil if they’re to blossom. A seed left alone is wasted opportunity.

For about a week or so our aha-moment may have been just that, a wasted opportunity. We were depressed about the situation in which we put ourselves. We were angry and jealous and fed up. We ultimately realized that these were useless emotions if we didn’t use them. There was nothing we could do with them, however, without an ounce of hope. If we didn’t have even a smidgeon of belief that we could fix our situation, depression, anger and jealousy would ensue.

Positive thinking wasn’t easy to achieve or maintain. We did a holistic assessment of our financial situation and created a plan to pay off our credit card debt and achieve other financial goals. We realized with patience and consistency that we could actually pay off our debt in three years. In reality, three years isn’t that long compared to the opportunity this presented. Looking at other potential and future milestones, would be a factor in keeping us motivated.

We estimated that day we’d each be down to one credit card, have half our credit card debt paid off and have less than $1,000 each to pay off. Then we estimated the month we’d pay off each credit cards. We could see that those were all pretty cool achievements and would be the constant watering we would need to germinate a debt free life.


If you’re depressed, angry or jealous today, you have every right to be. That’s fine. Embrace these emotions. Don’t hold them forever, though, because they’ll keep you in the same place. They won’t let you evolve. Be positive, as hard as it may be. Fake it if you must. The more you practice it, the easier it will be and eventually you’ll naturally achieve positive thinking.

Your positive thinking will help you see opportunities where they are. If you need help seeing opportunities, there are great resources to help you. These opportunities will help you achieve your goals, financial or otherwise, because your goals are only achievable if you believe them to be. As Henry Ford said, “Whether you think you can or think you can’t, you’re right.”

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6 responses to “The Power of Positive Thinking

    1. Thanks, it was an honor to be on the show with such a great bunch of people. Staying positive sure comes easy when we surround ourselves with other awesome people. It has helped us to just engage with so many wonderful, supporting and fun people in the personal finance community.

    1. Thias, I completely agree. I used to suffer from seasonally adjusted depression. Now I try to put myself in situations where I can maintain positive thinking and it seems to be much less of an issue for me. Plus keeping myself busy with Debt Free Guys™ work sure does help me stay positive too.

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