Looking back on things, I basically categorize my life into two main sections—BD and AD. Before debt and After Debt.
When I was in debt, I managed to motivate myself to get out of debt by using simple logic. I knew that if I didn’t do something about my financial situation, that I would struggle with my finances for the rest of my life. I also knew that if I fixed my finances, there would be a tremendous strain lifted off of my shoulders.
I knew I would have more freedom to do the things that I wanted to do, but I never really knew what that feeling was going to be like
I wish I could have gotten a little taste of it back then...
I guess what I am trying to say is that if I knew how many doors of opportunity would be opened up to me once I solved all of my debts, then I would have motivated myself to get debt-free much quicker then I was able to.
It is a shame that the “non-debt” people couldn’t invite the “debt people” over to their side of the fence just to sit down and have a chat. I bet the “debt people” would really see the light.
They would see that by being out of debt, you obviously create more income for yourself (i.e. no money paid in interest and fees, etc). They would see that you save yourself money through lower interest rates on just about everything.
They would also see the other opportunities that come your way in the ability to MAKE money from your credit cards. By signing up for a credit card with a cash back option, you can get your credit cards to actually generate income for you, rather than costing you money.
They would also get a true sense of the phrase “stress free financial living”. Although living on this side of debt does not have its challenges, it is nothing compared to the monthly strain of waiting till payday so you can pay your bills at the last minute, always running behind on things, etc.
I really wish I had gotten the opportunity to just spend a few minutes on the right side of debt way back then. It would have been exactly the kick in the pants that I needed to do something about my financial woes much earlier.
If you are less than thrilled with your state of financial affairs at this point in time, why not sit down and talk with someone who is? Better yet, talk with someone who used to be in your shoes that is not any longer.
I can guarantee you that they will have a wonderful story to tell. They will be able to see things through your eyes, but they will also be able to explain to you how much more fun life in general is without all of the constant worrying and stress that comes with living in debt.
As always, your comments and suggestions are appreciated below.
To learn more about how to solve your financial woes, visit me at Yourfinances101.
Causes David Bakke Supports
Anyone's desire to get out of debt!
I also generously support The Salvation Army and the Vietnam Veterans Association.