Want to Know What Getting a Net Worth Feels Like?

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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Rising Above A Hard Day.

Today has been, and will continue to be until 6pm, one of those days that is incredibly hard to fake enthusiasm for. I am talking about my day job here. I know this year will be hard but it's really important that while i'm here from 10am to 6pm everyday that I remain positive and continue to do my job at the highest level possible. 

When I find myself in these kinds of moods, mapping out my plan and goals usually helps to clear my mind of the negative poor-me thoughts and steer me back to the 'why'. Why am I doing this and why should I be happy to have this opportunity. 

Review of Goals

As you all know, my highest priority in terms of goals this year is to diminish my debt by about a 1/3. Decrease, decrease, decrease. Without this day job for the next year I would not be able to come close to obtaining this goal. In fact I'd be going into additional debt! I must focus on this and remain grateful. Though I might feel trapped in the daily routine, I need to keep in mind that I am slowly accomplishing bit by bit the goal of becoming debt free and as a result financially free.

My 2nd goal is to be building my business on the side so that it will be ready to partially sustain me in 2016. I must use my time wisely since it is limited to time outside the hours of 9am and 7pm. Keeping a very specific to-do list is imperative so that I do not waste time thinking about what is next and getting overwhelmed. Mini goals within this goal for this month is to launch the new blog centered website with new photos of products and have 5 blog posts already up.

There. I already feel better and more focused!

Here's to powering through 2015, identifying what you want, and making it happen! 

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GOALS For 2015!

2015 Finance Goals

Happy New Year everyone!
I love a fresh start. The ending of one year and the beginning of a new year is something that I look forward to, probably because of how much i've screwed up during the year in the past.
The following are my (perhaps lofty) goals for 2015.

1.) Pay off $12k of debt this year. By using 75% of my tax refund and anticipating a at least 4% raise in March, I should be able to pay an average of $1000/month on my debt bringing my end of year debt balance down to $27k.

2.) Double my business sales from 2014 and sell $5K in 2015. Whooptiedo! I have a small clothing and accessories line which I am creating and selling when i'm not at my day job. I do craft and art fairs around holiday times and have sold consignment to stores in the past. I'd like to do even more of this in 2015, which brings me to my 3rd and last financial goal.

3.) Get out there more! Participate in 1 Spring market and 2 holiday fairs. Sell to at least 1 store and creating more online buzz.

What are YOUR goals for 2015? 

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How Can I Make My Money Work for Me?

People often ask me why I got so interested in the topic of financial freedom and the means of getting there. Well, first of all the topic is money. That's a pretty interesting topic, especially if you're a young girl like me, living in one of the biggest most exciting cities in the world... and you are broke. But the light bulb really went off when I was introduced to a book called, Rich Dad Poor Dad by Robert Kiyosaki a few years ago. It was a quick read, I flew through it in a weekend. A real page-turner.
One of the biggest tips I took from that book was that I should work my 9-5 but I should also work on MY BUSINESS. My business? What did that mean? It meant that I should be making my money work for me by building my assets. This was eyeopening for me. I was raised to think that you work hard, you get a job, you stay at that job, and you're grateful for it. No one ever told me that I could be working on MY BUSINESS and creating wealth at the same time! 
So what does it mean to build your assets and make your money work for you? Assets are things, both tangible and intangible, that you own that have value and can produce wealth. An example of a tangible asset is real estate. A great idea for someone who has cash to throw down on some property and then rent all or some of it out. 

Things to think about: 
*Work on MY BUSINESS. 
*How can I attain assets and build wealth?
*What types of assets could I own that could put me on the path to wealth?

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