Guess what? I just paid off my credit card today! I made the final $300 payment and i'm not looking back. Goodbye forever, credit card debt.
I'm down to my last 3 debts totaling roughly $31,000, down from $47,000 just 1 year ago. Wow! Can you tell I'm excited?? Whats even better is that next month i'll be paying down the last $2,000 on Student loan #2. I can't believe i'll be down to my last 2 loans and $29,000 of debt after sitting on them for 10+ years. The tunnel is still long, but I am really beginning to see the light at the end and I couldn't be happier. It is an incredible feeling. What will I do when I don't have to send $2,000/mo to debt collectors? I will finally be out of the negative and begin to actually have a net worth at a rate of about $24,000 per year to be specific.
I never gave too much thought to net worth before, but if you're in debt chances are you have a negative net worth. Which sucks! To me, saying, "I have a negative net worth" sounds way crummier than "i'm in debt". I think i'll make that my new mantra when contemplating purchases that aren't in the budget.
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Tuesday, June 9, 2015
Want to Know What Getting a Net Worth Feels Like?
I am a girl in my late 20s living and working in NYC and I started this blog not knowing much more than the basics about money and investing. Initial research has shown that there is so much to learn and a vast amount of money making opportunities available to us all! It is clear that with a little effort, anyone can better themselves and elevate their financial position. I plan on sharing my experiences and steps I take to do exactly this. Stay with me on this journey to find out if the wealth of knowledge that I uncover leads me and you UP the path to financial freedom.
Tuesday, June 2, 2015
How I'm Getting Rid of My Debt - FAST
That's kind of a trick blog post title, because I actually don't think there is a FAST way to get out of debt. The secret to getting out of debt is persistence and considering all purchases carefully.
'Do I really want to spend $30 on a meal out tonight or do I want to get out of debt $30 sooner?'
I was listening to a finance podcast yesterday with a sometimes arrogant albeit entertaining host and he was talking about people who act rich. They have all kinds of fancy clothes, drive nice cars, etc. but they're up to their eyeballs in debt. They have no savings, no retirement and no paid for house. He yelled into the microphone, "Stop ACTING like you're rich!". I loled. It's so true. Sometimes I find myself planing and justifying luxury sunglasses and bags purchases, and then I hear that sentence in my head and I stop.
Send me a message. Did you love the post or hate it? What would you like the next topic to be? Follow me on Twitter @financegirl
'Do I really want to spend $30 on a meal out tonight or do I want to get out of debt $30 sooner?'
I was listening to a finance podcast yesterday with a sometimes arrogant albeit entertaining host and he was talking about people who act rich. They have all kinds of fancy clothes, drive nice cars, etc. but they're up to their eyeballs in debt. They have no savings, no retirement and no paid for house. He yelled into the microphone, "Stop ACTING like you're rich!". I loled. It's so true. Sometimes I find myself planing and justifying luxury sunglasses and bags purchases, and then I hear that sentence in my head and I stop.
Stop ACTING like you're rich!
Lets get out of debt so we can ACTUALLY GET RICH and then go shopping.
Send me a message. Did you love the post or hate it? What would you like the next topic to be? Follow me on Twitter @financegirl
I am a girl in my late 20s living and working in NYC and I started this blog not knowing much more than the basics about money and investing. Initial research has shown that there is so much to learn and a vast amount of money making opportunities available to us all! It is clear that with a little effort, anyone can better themselves and elevate their financial position. I plan on sharing my experiences and steps I take to do exactly this. Stay with me on this journey to find out if the wealth of knowledge that I uncover leads me and you UP the path to financial freedom.
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