The debts I have are promises I earlier made. I still haven't begun the online Excel class I had people sign up for as my Valentine gift to them. I have so many other work related promises to clients, to business partners and to friends. I think part of the reason I have not been able to fulfill all these promises is that I feel overwhelmed when I think about them all. It would take me a dedicated full month of doing nothing else and I still might not clear them all.
But I am already taking a cue from one of my blog posts, How to eat an Elephant, and clearing my debts one tiny bit at a time. I have already begun. I have started delivering on the promises I made last year and January. I am already in the first week of February promise list. But I still have some promises are that are like GCE Maths questions, they have 1a, 1b and then 1ai, 1aii, 1aiii, 1aiv ... Now I am less eager to oblige any request. They quickly build up and get me working reactively instead of strategically. I keep moving from one task to another instead of strategically directing my business. I become unable to do more strategic activities that require dedicated thinking and planning. Then most of the promises are towards doing tasks that won't bring me any money and still deduct from the time I have to spend on the jobs that will give me money and, worse, deny me of any rest time. I don't get get paid a fixed salary so I have to work for any money I make and it makes it less easy to do too many free favours as there is no salary to expect at month end.
It's, no doubt, a learning phase for me. I am now more careful in being to sympathetic to a client as to try to fix all their problems for almost free. Or give free extra services. I am also now less accessible to friends for free jobs -- they cost me the non-free jobs. I try to stick to my chosen area of specialization - Excel - and stop making promises to business partners who know my varied skills and want me in on a project that does not align with my chosen niche.
Anyway, I have to fulfill the promises I already made. I have to pay the debts I already owe. And I have begun, hopefully before year end, I will clear them all.