Sunday, March 13, 2016

You Can Live Without Debt

Money.  I have so much to share that this is going to be a four part post.

When it comes to money, you learn what your parents teach you OR when you're 18 you try to figure it out on your own using the money habits you inherited from your parents.  Unfortunately for me those money habits looked like this.... live paycheck to paycheck, save $100 just in case, I have a credit limit so use it and live to the max.  I was a high school grad, in college, and my finances were on a fast spiral down the road of stress and struggle.  I can't blame my parents though because as an adult I didn't make the choice to educate myself. 

 Personal finance is 80% behavior and 20% knowledge.  Let's just say out of 100% I was maybe at 10%.  I had a habit to live beyond my means.  Charge it and pay it later.  Give away money I didn't have.  I couldn't see far enough in the future to save, not even for a substantial emergency fund.  All I knew was how to spend.

Flash forward to college graduation [I've already racked up more debt that I even realized].  My then fiance [that stud in the high school grad pic] and I got a book as a gift from my brother and sister in law.  I am telling you saved that it saved our financial future and will help the financial future of our kids.  I wish I would have gotten the book sooner.  It is now a brick in the foundation of our marriage.  Money is not a giant crack that we fight about how to fix.   READING the Total Money Makeover was our first step to getting out of debt. 

 If you're reading this and you're a young adult, get the book and soak it in.  Live by it.  If you're reading this and you're in debt up to your eyeballs get the book or listen to it on audio, take the class, live by it.  NO situation is impossible.  It may take a really long time and a lot of sacrifice, but it is not impossible to get out of debt.  You can live without paying for credit card interest, without car payments, stuff payments, without student loans.  It is possible!  We're proof!

This has been on my heart because money can either be a blessing or a curse.  You can fight about it or enjoy it. Imagine how much of your actual paycheck you could give every month, save every month, and spend every month if you didn't have payments.  

When Dave told me that I will probably see $2 million dollars in my entire lifetime it was a reality check.  That's a lot of money.  I don't want to get to the end of my life and wonder where it all went.  I want to be able to freely give to others, enjoy life, travel, have things, save for the kids, save for retirement and not have to worry about payments, debt, and interest.   I want to leave my kids with an inheritance and knowledge and not a pile of stuff and debt.  

This book is so valuable it would be an injustice NOT to share it with you.  In the next post I'll be sharing tid bits of our journey with Dave and the top four things I learned over the years. 

If you're serious about living without debt and are interested in the book, you can read an overview of the book HERE and HERE.   Right now you have the choice.  You can hope your finances work themselves out and hope your kids will figure it out one day.  OR You can take charge of your finances and live a life of financial freedom.

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