As we’ve talked about before, debt has become the new normal for Canadians. But why? Well, we live in a society where seems impossible to live without putting ourselves in debt. In order to buy a house, most need to take out a mortgage loan, which many people spend years, even decades paying off. For some of us to pay the expenses of everyday life, we need to use credit cards to pay costs such as food or utilities. According to a recent study, 30% of Ontarians say they plan to take on more debt to pay bills over the next year due to the effects of the pandemic. Debt has become a way of life. But what if we told you it didn’t have to be?
That’s right. What if we told you that you could live a debt-free life? Well, it’s possible, and we’ve helped thousands of Canadians accomplish this. It all starts, with you.
A debt-free life is possible – and this is how we’re going to help you do it.
- Get out of the mindset that dedicating your income to debt is OK
We’ve been programmed to think that debt is OK. However, try to see your debt from a different perspective. You work hard for your income. You have spent countless hours working every day to make a living. Now when that workday is done, where is that income going? If the first thing you think about is your debt, that isn’t OK. If that money isn’t doing anything for you that isn’t OK. Paying off a couple of small bills is one thing, but if you are dedicating a large chunk of your income each month to your debt, there is a problem there.
You only get one life. Do you want to dedicate the majority of it to your debts? I think all of us can agree that we wouldn’t. But the reality is that we are. Many Canadians live their lives day in and day out paying their debts. Once we break this cycle of thinking, then we can begin to act and make the right steps towards becoming debt-free.
- Make debt OK to talk about
How often do you talk about your financial obligations with your friends or family? There’s a good chance that many of you reading this right now have never, or have very rarely, talked about your finances with other people. That’s because we’ve made finances and debt an extremely taboo subject in our culture. When the waiter brings your bill to the table, they bring it to you upside down so others can’t see it. When you were raised, you were taught that asking people about their financial situation is rude – regardless of if it was good or bad. Even with your own family.
That is why so many Canadians have a hard time admitting when they need help with their debt. In fact, only 5% of Ontarians plan of seeking professional advice to discuss their debt relief options. Do you want to be a part of the 95% of people who are not willing to seek the right help to make changes to their financial situation?
It’s important to remember a couple of things here. Firstly, you are not alone in your fight against debt. Millions of Canadians are in the same boat as you. So, the moment you start talking about your issues with debt, the more likely others will begin to share their story as well. Secondly, your finances are not a reflection of your self-worth. Don’t let your debt define who you are, because it doesn’t.
- Make a plan to start facing your debt head-on
Now that you are aware of your debt situation, it’s time to make a plan to move forward. How will you make changes to your everyday life to tackle your debt? What is something you can do right now that will positively impact your financial situation? Being aware of your debt will make the process of moving forward a lot easier. Evaluate how much debt you owe and face it head-on. Start making the right financial choices that will benefit your situation today.
- Work with us at 4 Pillars to consolidate your debt — Bankruptcy isn’t the only option.
At 4 Pillars, we make opening the conversation about your debt easier. In fact, we love talking about debt and how you can resolve your debt issues. If you’re ready to take the leap and start working your way towards a debt-free life quickly, we can help. We’re not here for temporary solutions either. Not only can we get you debt-free, but we can also help you STAY debt-free. We will show you all the options available to you so that you can get on the best path to debt relief TODAY.
The best part is, we don’t represent your creditors or lenders or any big banks. We fight for client rights ONLY. Unlike many others, we represent you and only you in your fight against debt. To get started with us, give us a call at one of our three locations across Northern Ontario today. You can reach our Muskoka & Parry Sound office at 705-640-0187, our North Bay office at 705-980-0158, or our Sudbury office at 705-806-1252. Out of the area? We have that covered with over 60 locations from coast to coast. A debt-free life is possible, all you have to do is give one of our debt relief specialists a call and you’ll be debt-free sooner than you think.