Where did the year go? What have I done with myself in that time? I often find that at the end of the year i’m asking myself this question almost as if time got away from me. Since we are 90 days into 2017, I feel like a status check is in order to prevent wondering what happened and to instead call it ahead of time. The beginning of this year brought about a lot of reflection on how I managed money in the past as well as planning on how I intend to handle my finances going forward. Have you ever noticed how once you add a thought to your brain, you begin to see the manifestation of that thought all around you? Like once you buy a new car you begin to see tons of of the same make/model just like yours that just happen to park right next to you all the time now whereas before you never even noticed them. That’s kind of how it’s been for me on my journey to Bliss. Bliss can take on many meanings for each individual person but for me it simply means a state of being oblivious to any unnecessary bull*%$* that could impact my happiness. This includes work, love, and finances. I’m currently chiseling away at all 3 in an attempt to carve out exactly what I need for me. Once I began to pay attention to finances, I came across hundreds of stories of people conquering their debt small and large. My debt is definitely in the LARGE category but for some odd reason I really like hearing about people paying small debt off. Maybe it’s because I secretly wish their total debt was mine or because they were smart enough to clean it all up before incurring such huge amounts like I did. Regardless of the amount tackled, anyone who takes control of their financial life is an inspiration to me. In the beginning I was overwhelmed by the number of examples I saw of people posting about their road. I initially was like “ok, enough! I get it. You paid debt. So what?” I acknowledge that this was a crab in a barrel thought but it lasted only a split second I promise. People will post a million pictures of their haul from a store, the new J’s they bought, or a new hairstyle so why not scream from the mountaintop about this…? There’s nothing wrong with accumulating things if you can afford them but the mere thought of flaunting what you have when your house is not in order is just wrong and not very honest. By house I mean your children and any other responsibility that should take priority over those things that you so cherish. If these are not in order you are just making a music video with borrowed jewelry (so to speak). One thing I take pride in is that when i’m in a good place so is everyone around me. I believe God put me on this Earth to be a giver and while I was doing this before my financial awakening, I know that after I will be able to truly give in abundance and I can’t wait to be in that position. My journey will be one that runs the course of 5-7 years depending on my level of intensity and the opportunities I create to increase my income. During this very first quarter of the year I have eliminated $31,201 of my mountain!!! As excited as I am about this victory, I know I have a long way to go. They say slow and steady wins the race so i’ll be two-stepping all the way to the finish line. Below is a summary of what makes up the first 90 days of my marathon.
- Started the Envelope Challenge – Number Envelopes 1-100 and fill each individual one with the amount of cash written on the front-Stopped cold turkey, took the money out of the 46 envelopes I had already filled an put it towards debt
- Started the Quarter Savings Challenge – Dropped out-Took the saving up through day 75 and put it towards debt
- Started an Instagram Savings Challenge- I entered this to support a person on IG that I saw doing her thing only to discover that there was no real challenge or organization to this process so I opted to direct my attention elsewhere and took that money and put it towards debt…..Notice a theme as it relates to me saving??? It’s not happening..i’m paying bills!!
- Opened a Self Lender Account-Opened in January/Closed it in March. This is a savings account that acts as a credit line in order to improve your credit score. My focus is no longer on credit score since the purpose of a high credit score is to ensure that a loan can be secured. I have no use for loans or borrowing so i’m not worrying about FICO.
- Got my insurance in order via Zander Insurance
- Paid and Closed all of my credit card accounts because I have zero need for them in the future- $3,104 of debt eliminated
- Traded in my SUV for a small economy car . Less insurance, gas, and payments – $23,117 owed on SUV traded down to a $10020 car. The goal is to pay this off in 4-6 months-$13,097 of debt eliminated
- Paid $15,000 towards mortgage on house I purchased 12 years ago. Would be awesome to pay it off in 3-4 years-$15,000 of debt eliminated
$31,201 – INSERT PRAISE DANCE!