Life is short, be kind, be the one.
One of the first important principles in the classic, Richest Man in Babylon, is to pay yourself first. When I first read this passage as a young adult, I had zero debt and zero obligations. I decided to give this a try and put away 10% of everything that I earned.
This will be a short post, but simply adding to my poor person's diary that yesterday the car needed some repairs that came to almost $700. In the past, at this point in the vehicles history: 2006 Dodge Durango with 161,000 miles on it, I believe I would be headed down to the dealership and entering into an agreement for a new car.
Over the last month I mentioned where I was at in my financial life; where I needed help, where I was not being healthy, where I was trying to improve.
Amazon Prime Day has to be the worst day for someone like me, who is trying to get his finances in order. It doesn't help that I have a couple of birthday's coming up. How am I supposed to resist all the tempting deals?
This one is about how to get out of debt. I have used some of these principles now to help begin the process of debt elimination. Would that I would never get into debt again, but I know myself too well!
Debt will destroy you and your financial well-being. Debt is a behavior, debt is a choice.
I found this little 4 part series I wrote in a journal back in Nov. of 2014. It is clear that I was reading a great deal on finances, as I was still unemployed at this time and pretty scared I had ruined my family. As I came across these writings, my thoughts now are why have I not implemented what I wrote? I think I would be better off now had I done so. All the same, please enjoy!
I am working every day to pay for the mistakes of my youth. I look back and think, boy, just a little direction could have prevented a lifetime of debt. The good news is, that my kids will not be making that mistake. They are having this lesson drilled into them every day.
I know the practical answer is that since we are in so much debt we should not be taking any vacations and working toward paying off our debt