This might sound crazy. After all, if you’re watching this video, you’re almost certainly not a slave physically owned by anyone else!
I’m not talking about actual slavery, but entirely different, subtle forms of ownership. In our day and age, this usually happens through money.
Your mission today is to become aware of who owns you, and then minimise the outside influence.
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Task 1: Become clear on who owns you
Of course we are no longer physically owned by someone who can literally buy and sell us, harm and even kill us. And yet there are people and organisations that have a claim on parts of your life.
If you’re employed, large parts of your time belong to your employer. If you pay off a mortgage or buy anything in installments, you have effectively given away power.
This isn’t always a bad thing, but it’s something you need to be aware of. Create a list of everything you’re paying off or owe.
Task 2: Take back ownership
A bank can take fairly drastic measures against you if you default on loan payments or a mortgage. Here are some steps you can take to gain back control.
Check the list from Task 1 so you’re fully aware of who owns you – or part of you and your time.
- Separate the wheat from the chaff: For example, if you have a small child, they have a claim on you but that’s not ownership, it’s a natural and temporary duty of care.
- Follow the money: Some forms of lending are good (mortgages can make a lot of sense, depending on the circumstances). But if you live in your overdraft or have loans for items, you need to re-assess.
- Get smart about your money: read books, take coaching, go to a financial advisor. Create a plan on how to take back control bit by bit. It won’t happen overnight, so you need long-term support.