Hello world! On February 3, 2020, after a glorious January of drinking delicious green smoothies and crushing my health goals, I came down with a vicious, RELENTLESS COLD! I haven’t had a cold in like…YEARS. I honestly think I haven’t had a cold since some time before I was diagnosed with breast cancer in 2016. Let me tell you, I don’t want another one again!!! I believe I picked it up from someone at work and passed it on to my husband. The rest is history. It was terrible! I’m mostly better, but I’m not 100% yet.
Despite spending the first half of February fighting a cold, I’ve set other goals related to my finances. Check out a snapshot of my vision board in the cover photo. (Ignore the weird smile.) Have you ever made up your mind about something to the point where you became obsessed??? This is me right now. I can barely think of anything else.
I’m not quite sure what clicked in my head that’s caused me to become so laser focused and determined to get out of debt, but I’m glad to be here. I’ve been reading and watching videos on YouTube daily, and mostly all day on weekends, about personal finance, getting out of debt, and building wealth.
I’ve been toying with Dave Ramsey for years. I even bought his daughter, Rachel Cruze’s book and audio of “Love Your Life Not Theirs” (not pictured). I’ve taken on some of Dave Ramsey’s principles, many of which are from the Bible, but haven’t fully committed. For example, I’ve been doing a zero based budget for years. In my budget binder, where I track our household expenses, I can see I’ve been using the budget worksheet from one of his books since at least 2007-2008. I also have a Financial Planner I’ve recently recovered and have notes in there from 2008 (when my handwriting was much neater). What I haven’t done is save for the emergency fund and start the debt snowball yet.
For the last few years, I’ve been living in some kind of alternate reality, as best as I can describe, because I haven’t put much thought into my financial goals. Sure, I do a budget every month and pay my bills, but I haven’t planned much beyond that. Retirement and insurance are automatically withdrawn from my check. My husband hasn’t worked for a couple of years due to his health issues, so my income is all that we’re working with for this period in our lives.
Don’t get me wrong, there are some good things working in our favor with regard to our finances such as my salary and I’m fairly organized. However, there’s much, MUCH more work to be done. My husband is on board now too. Call it mid-life CRISIS or perimenopause, but there’s a sense of urgency in getting this part of my life together that I’ve not had before. I’d like to build wealth for my family.
Like most Americans today, a large chunk of my debt is student loan debt. If I had to do it again, I would definitely do some things differently; however, I can’t go back in the past. I must move forward learning the light lessons along the way. I’m highly educated (my student loans are my receipt of this education) and am going to use the tools I already possess to reach my financial goals.
I’ve taken the time to total my debt, which I haven’t done in years and years. I think this is a sign I’m serious. I actually wrote down the numbers. The amount is mind boggling. However, I know if we (my husband and I) put our minds to it, we can dig ourselves out of this hole. You can too.
The best place to start is to: acknowledge there is a problem, decide to do something about it, decide on the best course of action, plan, and then put your plan to ACTION. Also, surround yourself with information and successful stories of people who have reached your same goals. And then often VISUALIZE yourself reaching your goal(s). IMAGINE what it feels like. How good does it feel to make that accomplishment?
I’ll keep you posted on my progress.
What are your financial goals for 2020? How much progress have you made? Planning on getting a 2nd or 3rd job?