This is an excerpt from Simone Milasas’ book Getting Out of Debt Joyfully. Simone is the founder of Joy of Business as well as the Worldwide Coordinator for Access Consciousness® which is now in 170+ countries.
Editor’s note: This is one person’s experience and should be treated as such. For more articles about money and finances, click here.
Simone Milasas was $187,000 in debt when she realised she needed to make a change. That’s a lot of money, and she had pretty much nothing to show for it. While Simone enjoyed having lots of jobs and travelling around the world, she didn’t have a house or investments or any awareness of how much debt she was really in.
With the help of some of the tools listed below, she was totally out of debt within two years.
Tool #1 for having money: the 10 per cent account.
One of the first important money tools I would like to give you is putting away 10 percent of everything you earn, 10 per cent of every single dollar, euro, pound, or whatever currency you create. You are not setting it aside to pay bills with. You are not saving it for a rainy day. It is not for when you run out of money. It is not to pay a big bill that is upcoming. It is not to help a friend out. It is not for buying Christmas presents. It is for none of those things!
You are putting it away as an honouring of you.
People say, “I’ve got bills to pay! How can I put away 10 per cent of my income? I have to pay the bills first.” But, here’s the thing: if you pay your bills first, you will always have more bills. When you pay the bills first, the universe says, “Oh, okay. This person wishes to honour their bills. Let’s give them some more bills.” If you honour yourself by setting aside 10 per cent first, the universe says, “Oh, they are willing to honour themselves. They are willing to have more,” and it responds to that. It gives you more.
Setting aside 10 per cent is gifting to you. It’s about you being grateful for yourself. When I first did my 10 per cent account, I was doing it grudgingly because Gary had suggested to do it. The 10 per cent account will not work if you do it from the point of view of, “This book or person said to do it.” You have to do it for you. You have to do it to change the energy you have around finances and the energy you have around money. Not just because I said so and you read it here in this book. Start making the demand to create a different reality.
Ask, “What would it take for this to be a choice for me and not a necessity?” What is the worst thing that can happen? You spend it? But you cannot do it from the point of view that you are going to spend it. After around three or four months of starting my 10 per cent account, the energy of money changed for me. I no longer had this panic about money. How many of you have a panic about money, or a stress about money, and that has become more normal to you than not? If you look at the energy of this, it’s contractive; it’s like throwing the depressing party that money doesn’t want to show up to. Money follows joy. Joy doesn’t follow money.