That sounds a lot better than the popular “I hate my job, and the weekend is the only time I can enjoy life” counter part. Maybe if you were inspired to join the debt free soldiers, you would have a little more wiggle room to figure something else out.
Congratulations, you’re in luck. That’s precisely why I created this series. I wanted to show you that everyday people, JUST LIKE YOU, have decided to kick debt to the curb to eventually realize debt freedom IS everything us weirdos say it is.
It is true what they say. “Once you go debt free, you’ll never go back!” If you worked your butt off to release yourself from the chains of bondage that debt guarantees, the chances of giving up the greener grass, for the quicksand express is pretty much NULL! The Debt Consolidation and bankruptcy route being the exception to that rule. The stats show they end up right where they were prior to taking the easy, less educational route to debt freedom. If someone does it for you, you learn nothing.
I once lost significant amount of weight taking weight loss pills. Guess what? I gained it all right back!!
No one in their right mind would choose to go into debt after working so hard to pay it off. It’s because lessons are learned and habits are transformed forever!
Don’t believe me? Read the stories. NONE OF THEM say, “Well, it’s nice to be debt free, but I’m not against voluntarily enslaving myself for another fun round of stressful debt, and paycheck to paycheck living!” If you know of anyone that has literally said that, PLEASE, have them contact me. I’d like to talk to their psychiatrist, pronto.
In the meantime, check out Jackie Beck’s real life debt free story and consider joining her.
Jackie Beck is a re-married mother of one who lives in the southwestern United States. She’s not a professional financial, health, tax, or legal person, but she does love writing and sharing her opinions about money and goals. You can follow her writing on Money Crush, by subscribing to her RSS feed.
Enjoy and have a great weekend! 🙂
The Enemy of Debt Questionnaire – Jackie Beck
How much debt did you have and how long did it take you to pay it off?
I must have blocked out the total amount, but I would estimate $30,000. It took me about 2 years to pay off the first $20,000 or so, and then 5 months to pay off the balance of about $10,000 that remained on my student loan. We’re working on paying off our house now.
How does becoming debt free actually feel? Does it feel better than you imagined it would?
Paying off my student loan was amazing. While I was in debt, I didn’t realize how stressful having that “small” loan hanging out there really was. But once I paid that off — the possibilities were endless. Suddenly I could do whatever I wanted with my paycheck. A weight that I’d been carrying around for years was lifted, and the world was wide open.
What were some of the struggles that you had to deal with along the way? Was there ever a time where you almost gave up?
The biggest struggle that I had to deal with was a lack of income. Prior to paying off my debt, I’d been unemployed for about 4 years. I made very little money — WAY below the poverty level. (Which was one of the reasons my loan was deferred for quite some time.)
I’d gotten laid off from my web-related job a few months after 9/11, and decided to strike out on my own doing something else. I wasn’t able to bring in enough income doing that, but by the time I tried to find a job my skills were a little rusty.
But I never gave up, and did finally find a part time job that later turned to full time. Once I did that and actually decided to get rid of that student loan, it was relatively easy. I’d already been used to living on (literally) almost nothing for so long that I felt flush in comparison.
What would you consider to be the most important key to becoming debt free? What helped you the most?
For me the key to be coming debt free was actually committing to doing so. Really committing, and then following through no matter what. I’d also started reading personal finance blogs right around that same time, and got inspired by what other folks were doing.
It seems a lot of people have bought into the idea that debt is essential in order to prosper, what do you have to say to those people?
To those who believe that debt is essential in order to prosper, I’d say they’ve clearly never been debt free. It’s easy to go along with what the rest of society does, without questioning the details too much. Most of the people I know who are wealthy have done it without debt.
What was the biggest sacrifice you would say you made in order to become debt free? What about you changed the most?
My attitude was what changed the most during my journey to become debt free (except for the house). I started learning as much as I could about personal finance, and working on really planning ahead for the future.
Did your friends and family give you a hard time about your new mission to eliminate the debt from your life? If so how did you deal with it? Do you think you inspired others by your journey?
I didn’t really talk about paying off debt to my friends or extended family. Instead, I just did it. Although I did accompany that with constant updates to my husband on how I’d sent x, y and z to my student loan so far. I hope that I’ve inspired others with my example, at least through blogging about money and goals.
What is next for you? What financial goals do you plan to accomplish?
I’ve been hitting retirement hard (because I am playing catch up) but the next goal to be knocked out is getting our house paid off. We aim to have that done by the end of 2011. I’m not quite sure how yet at this point, but I have faith. And that’s another thing — if you’re determined to do something, and you keep plugging away at it and making it the priority, you WILL get there.
Debt Free News From A Debt Free Reader Series
Debt Free News: The Kick Off – yours truly @enemyofdebt
Debt Free News From A Debt Free Reader #1 – Kelsalynn @KelsaLynnFitLog
Debt Free News From A Debt Free Reader #2 – Nick @Nickfro
Debt Free News From A Debt Free Reader #3 – Paul @fiscalgeek
Debt Free News From A Debt Free Reader #4 – Peter @MoneyMatters
Debt Free News From A Debt Free Reader #5 – J Money @BudgetsAreSexy
Debt Free News From A Debt Free Reader #6 – Dustin @EngagedMarriage
Debt Free News From A Debt Free Reader #7 – Fabian @debtfree
Debt Free News From A Debt Free Reader #8 – Don @money_reasons
Debt Free News From A Debt Free Rreader #9 – Deacon Bradley @bradleycoaching
Debt Free News From A Debt Free Reader #10 – Golda
Debt Free News From A Debt Free Reader #11 – Clair Schwan @ClairSchwan
Debt Free News From A Debt Free Reader #12 – Jackie Beck @moneycrush
More to come…but only if I get some new submissions! 😀