Happy 2018!! I hope 2018 is treating you well thus far! As you know I have so many goals that I want to accomplish this year! I find myself constantly thinking of ways to achieve them in the fastest way possible.
Some of my goals for this year are:
1) Lose some weight and live a healthier lifestyle. I want to try intermittent fasting beginning this weekend.
2) Pay off as much debt as possible even if it means finding a new job.
3) Rebuild my emergency fund or what I am now calling my “Oh Shit” fund because…things happen.
4) Read more books, it doesn’t matter if it’s self-help, for fun, or studying something new. I just finished an amazing read. The book is called I am Watching You by Teresa Driscoll. You can find it here.
5) Add another stream of income, preferably passive. Who doesn’t want to make money while they’re sleeping?!
I am extremely exited to make progress with these goals and I am confident that I can achieve them. I want to try the intermittent fasting diet, and lose some weight. My job is also having a weight loss challenge and they even provided us with Apple watches or Fitbits if you don’t have an Apple device. So I’m super stoked about eating better and living a healthier lifestyle.
I really want to be financial independent before I’m 40, preferably 35, so paying off my debt is a huge part of that. I have always been given what I wanted when I wanted. That’s how I grew up. I had a god-father who was basically my father figure and he spoiled me. I was extremely blessed because a lot of people didn’t have that and still don’t today. I’m not saying this to brag but just to be candid and let you know how this created my debt monster.
I was so used to getting what I wanted that I never learned how to save for things and I never learned how to manage my money. I got my first credit card secretly at 18. I had put a couple of things on it and my family found out and made me get rid of it AFTER they paid off the balance. I think it was around $400.00 or so. Then in college I applied for another credit card. I vowed to pay it off as soon as I spent it because my family sent me money but of course that never happened. I didn’t work while in college except for one summer. I had to quit because I was getting into the upper accounting classes that required more time and work. At least that’s what I told myself. I’m sore I could have worked but I wanted to live my life while in college.
Things didn’t get bad until after college when I had emergencies and real expenses. Plus I moved back home after college and was only working part time. It was extremely hard to find an accounting position in the areas in South Carolina areas that I live in. So I got a loan to cover my moving expenses and moved to Atlanta. Fast-forward and here I am with over 100K in debt. This includes my vehicle, student loans, and credit cards. I am currently in a debt management program because I am in over my head. I know that I’m supposed to make a budget and stick to it but I just don’t. Sadly, I lack discipline and I am working on that.
I’ve been listening to a lot of podcasts lately and they are so inspirational and motivating. So I will be paying off my debt in less than 30 years. I’m striving for 5 for my credit cards which is around $30,000. I would love to keep you guys updated. I’m so tired of being sad because I don’t have spending money and I can’t do this or that. That’s not how I envision my life. So I’m switching gears and moving forward. There will be some sacrifices but I’ll survive. First things first I need a higher paying job. That way I can build my “oh shxt” fund in case of an emergency. Then it’s time to snowball the debt. You guys don’t know how excited I am. 2018 is going to be a game changer. It’s my season. Stay tuned for my progress . What are you trying to accomplish this year?