I watched a video by Jason Estis on the topic of debts and loans, and I thought that I had never heard this perspective from anyone. His approach seemed unusual to me and made me think once again about the topic of responsibility.
Read about what happens when you borrow from loved ones or from a bank from the perspective of Jason Estis’s theory, how to get rid of debts and loans, and also what the main function of a safety cushion is.
What happens when you take out a loan. My point of view
Questions often come in on the topic of what to do with debts and loans.
As you remember, my opinion and the opinion of Svetlana Dobrovolskaya are 100% aligned: when you take out a loan, you are spending future energy, no exceptions.
That is, you are spending what does not belong to you, essentially dipping into the piggy bank of future potentials.
The first postulate for those who have debts and loans is that this is your lesson to take responsibility for your life. And it does not matter whether you have a consumer loan, you got into a mortgage, a car loan, or a business loan; it is about your inability to take responsibility for your life.
Plus, there is the issue of value. If, for example, you take out a mortgage to buy an apartment, it means you are not ready to take responsibility for owning it at this moment.
See also: Why it is important to live without debt. Debts and loans from the perspective of the laws of the universe
Taking out loans. Jason Estis’s point of view
Jason Estis clearly states that all the loans and debts you have, at the specific current moment, take away your life force, and he even gives specific numbers.
It is clear that you cannot verify this in any way; you can only pass it through your own filter and say whether it resonates with you or not.
He claims that every 8 seconds you give away your life force.
Remember the law of fair exchange — in the world, nothing, anywhere, is ever free; you are always paying for something with something else, most often with resources, intangible things, not money (money is the easiest thing to pay with).
We often give away precisely valuable resources, including time. Especially for businessmen, time is a golden commodity because there is never enough of it.
Therefore, every 8 seconds, having debts and loans, regardless of the goals for which they were taken, you give away your life force.
The next logical question: if you have 5 loans, multiply by 5.
Jason Estes divides all debts and loans into three types
Three types of loans and debts according to Jason Estes
1. Kindness debt
This is when someone from your friends, acquaintances, or relatives lends you money without conditions, without interest. You owe nothing back except the money itself.
For example, you promise to repay in a year, a year passes, you repay, or, for instance, you agree to repay gradually in installments. As long as you follow your agreements, you give away zero percent of your life force.
2. Interest-bearing loan
This concerns loans you take from credit institutions: mortgages, car loans, consumer loans. That is, there is always interest that the bank or the one who gave you the money receives.
You are not ready to take responsibility for having something in life, and you find someone who creates that field and space for you and takes your responsibility upon themselves. They provide you with the opportunity to fill this gap in responsibility, in self-worth.
And through these loans, you give away 5 percent of your life force every eight seconds. If you have 3 loans, that means you multiply 3*5 and so on logically.
See also How to work through limiting beliefs about money. Three simple techniques
3. Black debt
The third option is black debt, when you break a promise. And here it doesn’t matter if your mom gave you money, you promised to return it in a year and broke that promise, didn’t return it. This turns into black debt.
The second option is not repaying the bank. Banks and other credit organizations have insurance for such cases, but the black debt remains with you.
Then you give away 10 percent of your life force every 8 seconds.
If you have many of these debts, you took 100 rubles from a credit organization, multiply 100 rubles by 5 percent and every 8 seconds. That’s how much you fork over from yourself. Moreover, note a very important perspective — it’s not that it’s taken from you, it’s that you fork it over.
The lesson with loans and debts is a lesson in responsibility: be so kind as to pay a certain amount monthly. And they will teach you until you internally grow to take 100 percent responsibility for this area of life.
The faster you close your loans, the faster you will start moving forward.
Now the conclusion: you possess this information, and you understand what follows from it. Therefore, I urge you to think through the lens of responsibility, through the lens of a victim mentality: that I myself can do nothing, the state does not help, and so on.
See also: Why is there no money? The vow of poverty and other spiritual causes of financial problems
How to get rid of debts and loans
1. Earn more
Your salary is your responsibility. If you do not want to receive 15,000 rubles, get a job where they pay 25,000. What prevents you from doing this? If you write down: "I cannot get a job with a more decent salary because…"
You will have a huge list of things to work through: "I cannot drop everything," "I cannot move," and so on. The issue of self-worth will surface: "I do not value myself as a specialist," "I do not value myself as a person."
Once you overcome this part, the next question is: what conclusions, pearls of wisdom have you gathered from this, and how will you act next?
People who have taken out loans and most often do not take responsibility — nothing comes to them, no other options for additional income. And it does not come precisely because there is no responsibility.
When you decide that you are ready to take responsibility, opportunities to earn money begin to present themselves.
And here again the principle of responsibility works. Those who are stuck in debts and loans have no free time because they exert all their efforts to close the debt, take on side jobs, and get a second job.
Do not confuse them with workaholics who have no debts and work five jobs.
See also What money is currently paid for. Paradigms of monetary relations
2. Live within your means and pay more than you owe
You have heard me say repeatedly that the simplest way is to live within your means and pay a little more accordingly.
And here Jason Estis has two suggestions:
- Pay earlier, pay a little more a few days in advance. For example, you live within your means, you have 10,000, you need to pay 1,000, but you pay a little earlier and not 1,000, but 1,100. You paid 100 rubles more, and from the perspective of energy and the leakage of life force, even those 100 rubles matter greatly.
- Pay off 30 to 70% of your monthly income. This is an aggressive method of repaying money, it might suit you. For example, if your conditional income is 10,000, then 70% is 7,000 you must pay off and learn to live on those 3,000. Alternatively, use the master number 33% for repayment.
Therefore, to get out of debt, live within your means and allocate a little more for debt repayment.
See also Individual, collective, global responsibility from a spiritual perspective
3. Radiate gratitude
If you have taken out a mortgage or a car loan, revel in it, radiate gratitude for being able to sit on your favorite sofa, in your favorite kitchen.
When you repay the loan, celebrate, thank those who created these conditions for you, celebrate your responsibility.
If you are not feeling gratitude and a sense of celebration at this moment, you are moving in the opposite direction, on the path of irresponsibility.
Do not feel sorry for this money, do not think that you are being robbed; it was your decision, you took it upon yourself, and you are responsible for it.
Be grateful that you are allowed to learn responsibility.
When you finally pay off the loan, you catch that feeling of a grand celebration.
The concept of a safety cushion from Jason Estis’s perspective
We are used to the concept of a “safety cushion,” but Jason Estis suggests looking at it as a canvas or safety blanket. A canvas that is stretched so that a person can jump from a height and not crash.
That is, it is what allows you to stay alive, to stay safe.
Let’s say you have 100 rubles in this safety cushion. The number is funny, but it means that any experience that corresponds to 100 rubles can no longer upset me.
If you have 1000 rubles in your safety cushion, then any unintentional expense of 1000 rubles will not upset or throw you off balance.
We remember that the most important thing in life is maintaining balance, a resourceful state; accordingly, the larger your safety cushion, the calmer you can be.
Let’s say you have 300 rubles there. If you are left without money, you will have the opportunity to eat. You stop worrying about the fact that you will go hungry.
When you have accumulated an amount that covers the rent or utility bills for a month, the anxiety associated with being thrown out of your home and having nowhere to live disappears.
And the more your safety cushion grows, the less opportunity you have to worry and fear about an uncertain future.
Many people say that creating a safety cushion is supposedly attracting something bad, but it is not. It is about guaranteeing yourself minimal stability and security.
When I am asked what to do if the refrigerator breaks down or the phone shatters, I conclude that people have no safety cushion at all. Otherwise, this topic would not bother you. You simply dip into the safety cushion and use it for its intended purpose, and when an opportunity arises, you replenish it, sometimes from scratch, because you have exhausted everything.
The main principle of a safety cushion is the understanding that you stop worrying about unknown moments in the future. You create space to receive even more.
Make it a rule to put aside at least 100 rubles every week into your safety cushion. The amount is trivial, but this way you train yourself to be responsible.
You say: “I am responsible for myself, I value myself enough to free myself from anxieties and worries about the unknown future.”
When you do this consistently, you expand the narrowed field, and then new options, new offers come, new opportunities open up, because you purposefully invest in your safety time and again.
A safety cushion is not about savings, but about creating space for your security, which you can turn to every time something unexpected happens.
See also Why it is important to improve financial literacy
Share in the comments, what do you think of Jason’s approach? Will you use this information? What resonated with you?
The article is based on a broadcast from the #разговор_на_диване section «Debts and Loans»