Got Discipline? A Key Ingredient in Dumping Debt

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Got Discipline? A Key Ingredient in Dumping Debt
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Dumping debt themes appear in messages from a number of sources. I heard a great sermon from Charles Stanley of Intouch Ministries about developing discipline.

In a minute I’ll try to highlight a few of his points as they relate to finances. First, can we all agree that discipline is a good thing, something we can all use more of. But what is it?

My Webster’s II New Riverside Dictionary defines discipline as training intended to elicit a specific pattern of behavior or character.

That’s right … training!

If we are going to whip our lives into great financial shape we need training. Just like those who run marathons or loose large quantities of weight, to develop sound fiscal muscles we need a training program.


That’s one reason I so enjoy the opportunity to host the Midday Money Show. We are setting the stage for a life changing training program and inviting our listeners to join in.

Have you ever wondered how to eat an elephant?

Probably not, but it’s simple!

One bite at a time.

Whether you have a financial mountain or a mole hill to climb, a disciplined approach is what you need and it’s always best to walk before you run.

So back to Charles Stanley, he reminded us that the beginning of wisdom is the fear of the Lord and that anyone looking to develop discipline in any area of your life (I immediately thought of finances) can start with two things:

1) read your bible every day and

2) pray.

I think these two suggestions are key because it’s about adjusting our priorities.

I’ve been challenging #teamdebtfree to find $200/month additional cash in their budget. This may require an adjustment and new priorities. It will call on you to dust off your discipline for sure.

Discipline is what you’ll need to employ if you are going to dump tens of thousands of dollars in debt.

This is a challenge, but it can be done!

To begin developing your discipline muscles, make sure to incorporate the following tips:

  • Review your goals. This assumes that you have them. I like to keep goals readily available so I can review them easily and often. No goals yet? There’s no time like the present.
  • Schedule a routine Finance Committee Meeting. This should be a regularly scheduled time in which you review, refine, or revise your long and short term financial goals/progress. I suggest you hold these once a week, even if yours is a committee of 1.
  • Turn the TV off! Do you need a few more hours in the day/week? Less time attached to the boob tube can work wonders for your personal productivity.


“In reading the lives of great men, I found that the first victory they won was over themselves? Self-discipline with all of them came first.” Harry S. Truman

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