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How do I keep my business afloat when I'm drowning in debt?
When you're drowning in debt, it can be overwhelming and stressful. To keep your business afloat, you need to address the debt head-on and create a plan to pay it off. This involves identifying the debt, canceling any debts that are not necessary, and creating a budget to manage your finances effectively. According to the book "Deeper Deeper", it's essential to be honest with yourself and acknowledge the debt, rather than trying to hide it or make up creative excuses.
To cancel the debt, you need to identify exactly what was taken and make a conscious decision to let go of it. This means being willing to forgive yourself or others, and not allowing guilt, anger, or greed to hold you back. As the book states, "You decide and declare, You dont owe me, you dont owe me, you dont owe me anymore." This mindset shift is crucial in breaking free from debt and living a life of financial freedom.
In addition to canceling the debt, it's essential to create a budget and stick to it. This involves tracking your income and expenses, prioritizing needs over wants, and making smart financial decisions. By living within your means and avoiding debt, you can build a stable financial foundation for your business and achieve long-term success. As the book suggests, "Lowering your standard of living will increase your quality of life." By making intentional financial decisions, you can create a brighter future for your business and yourself.







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