Q.  I started working as an independent contractor three years ago. Since then, I have incurred a huge amount of debt and I can’t seem to get ahead financially.  I really enjoy my freedom and don’t want to go back to a traditional job, what should I do?

A. Great question! The challenge with being an independent contractor is most people choose freedom over work.  If you treat your work as a contractor like a job you won’t have to go back to a “traditional” one.  It is also important to explore any resistance you may have with money.  People who have debt tend to stay in debt because of their subconscious beliefs around money.  BEING out of debt starts with having a mindset of abundance regardless of your current financial situation.  NOTE: A mindset of abundance means you speak with optimism about money and you DO NOT spend more than you have.  Create an mantra about where you want to be financially while owning your truth about your current financial situation. For example, “With energy and effort I am confident I can create the financial abundance I deserve.”  Also consider moving yourself into action by asking questions like “what can I do today to make more money faster?”

With regard to debt, it’s important to evaluate where you are financially.  Pull together all of your bills and analyze it against your income.  People with a lot of debt tend to avoid reviewing the bottom line on a regular basis.  It’s vital to look at your finances (at least) monthly because you cannot improve what you don’t monitor and measure.  Decide how much debt you are committed to paying off each month.  Make sure the amount stretches you but is not impossible.  Keeping integrity with your word to yourself about paying off your debt is the first step to building the confidence you need to live in abundance long term.

Laura Treonze, serves as Chief Life Strategist with LMT Consulting, which helps executives and teams create massive success through self-awareness. Her life-changing approach has transformed individuals and families and has redefined the way non-profits and corporations “do” business.