I finally doing it. I am going to join the masses and read The Total Money Makeover by Dave Ramsey. My close friend, Jennifer Acosta has been talking about Ramsey and his podcast for years and when I heard that she was able to pay 117K in 3.5 years and that she was officially debt free, I was inspired.
I actually didn’t start with Dave Ramsey. My inspiration to focus and pay my debt started when I finally moved this year in July and got rid of my storage. Life really kicked me in the ass (there were multiple causes) but the main reason for my suffering was that the amount of money that I had in savings was not enough to sustain me for a rainy day.
In my case, a rainy day was a damn storm that came with a tornado and EVERYTHING was taken from me. My funds ran out and I was at a negative in my bank account and to top it all off I was homeless. I am barely recovering and I thank God that I am finally okay financially, especially in the midst of a pandemic.
It’s so weird to say this but losing everything was the slap in the face that I needed to become more financially responsible. I don’t want to say that it is what I needed because I would hate to go through something difficult like that again, but it is what inspired me to take on this journey and pursue financial freedom.
What does my storage have anything to do with this? Well, I was able to have everything in one place and I was able to put all of my paperwork together to officially see everything that I owe.
I know what you are thinking? How do you not know exactly how much you owe? I won’t explain myself but I was young, wild, free, and VERY giving and that mentality led me to older, bitter, and in debt with a small savings account. I am taking responsibility AND sometimes, shit happens and I just wasn’t ready for it.
Here I am, trying to redeem myself and I am so proud of myself. My other friend whose name is Alex reminded me that starting would be challenging. She is also reading Ramsey and she has been able to pay off $8,000 of her debt in 3 months!
I also want to add that I am scared to take this on. I am afraid because a job in a pandemic isn’t guaranteed and part of me wants to save all of the income that is left over after paying my bills, just incase.
Regardless, I am dedicated to read The Total Money Makeover and follow Ramsey’s steps.
So here I am, and here you are and I want to thank you for following my blog. I will keep updating you on my progress. If you have any suggestions or want to share your experience paying off your debt, feel free to comment or message me!
In the meantime, I will need to keep reminding myself to take baby steps.