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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Watch as she attempts to dig herself out of debt and navigate the path to wealth.
Tuesday, June 9, 2015
Want to Know What Getting a Net Worth Feels Like?
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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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