Folks who’ve known me for a few years know that my life went through upheaval in 2009. My relationship of seven years ended; my home went into foreclosure (and I eventually lost it); my already bad debt problem went into overdrive as my finances plunged into the abyss with my house; and I was unable to file for bankruptcy.
As they say, sometime you have to hit the bottom before you can come back up.
Since then, I’ve paid of $48,600 of debt the old fashioned way. I’m still clawing my way out, but the end is now in sight. The final consumer debt piece will be killed in about 3 months, and I will be completely debt free in 12 months. By the end, I’ll have paid off $62,000 in debt since June 2009. ($10,000 of that number is interest paid.)
Those are terrifying numbers. That’s more than I make in a year. That’s a debt hole of dizzying size to me. I fell like I’ve been chucking bricks into the Grand Canyon for three years. But here’s the thing: if you chuck enough bricks into the Grand Canyon, it will eventually fill up.
I posted these numbers on Twitter a couple days ago and got quite a response. I’m not shy about posting these numbers; while I’m ashamed my life got to that point, I think it’s important to tell others that it is possible to slay this monster. It’s not easy, but you get used to the routine, and it’s pretty thrilling when you start to see results.
Below are some nuggets of advice that I can give. Please keep in mind that I’m not a finance professional, and I know that not all of these tips will work for everyone. These are simply things that worked particularly well for me. Continue Reading →





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