Realized I never posted this updated graphic after I became debt free last month.
Here it is, folks! The debt snowball is complete!
My debt free journey ($105K in 35 months) represented in a single graphic.
Not shown: the blood, sweat, tears, hours of working overtime, countless sacrifices, consistent budgeting, and discipline that got me here!
Do you use any visual representation of your debt? It’s one way to keep up your motivation and develop discipline on your debt free journey.
Never forget discipline > motivation. As I always say: motivation is irrelevant. You aren’t “motivated” to pay off debt? Tough. Do it anyway. #toughlough (Also: more pics from our NYC trip in stories today!)
2 days ago
This is now the only debt I have left from the original $356,000 I started with in March 2016. That number may still look big but I’m about to slaughter it over the next 12 months in order to reach my goal of being debt free by end of 2020. Y’all said you wanted to see the journey and so far you’ve seen me
1. Roll up my loose change and throw it towards debt
2. How I create a budget and live on the envelope cash system
3. Bring my butt to work 5 days per week even when I’d rather be at home with my pups.
4. Still get my weekly 90 minute massages
5.Sold my car and bought a much older one instead.
6.Refinanced the last portion of my loans in order to drop my interest rate by 3%. 7. Cook breakfast, lunch and dinner at home
8. Rarely go out (but that’s really not difficult for me to do)
9. Sold some things that no longer serve me
10. Live on WAY less than I make
I’m not making any excuses. I’m getting this done by any means necessary. No need to wait on a new year to begin new goals. Start today. 💪🏾 #debtfreecommunity#debtfreejourney#daveramseybabysteps#daveramsey#financialfreedom#livingfrugal#debtfreecrna#debtfreeby2020#debtfreeby40#studentloans#studentloandebt#studentloanssuck#deathtodebt
1 week ago
I have things on my wishlist tempting me, but I know they’ll feel so much better next year when I’m debt free ❤️
5 days ago
Bam! $2,000.00 towards our LAST student loan! Only $16,801 left! Our goal is to be under $15,000 by 2020! I know for certain we are going to meet and likely exceed that goal as we head into the new year. 💃💃
The accrued interest for this payment was just over $34.00. When we first started in Aug 2014 our monthly accrued interest was nearly $2,000 😳😳😳😳😳💸💸💸💸 _______
It's crazy how intentional effort over time can equal some big results. We watched the @playwithfireco this week and it donned on me we have been playing with the FIRE (Financially Independent/Retire Early) concepts for the past 5 years and 5 months and didnt even know it. Our debt payment rate has been approx 58% of our income over the past 5 year and very soon that will become our savings rate!
Since watching the film I have started listening to the @choosefiradio podcast and think it's going to be my podcast of the year nomination! So many interesting ideas and new perspectives. Excited for 2020 and all the changes paying off this crazy debt will bring!
3 weeks ago
I took me 1 year and 11 months to pay off $200,000 of debt. That’s one credit card, one car loan and two HUGE student loans payments from @uscedu and @usfca. I originally gave myself 5 years to accomplish financial freedom but because of @evegail24@amandamarzz et al. I was able to increase my income, allowing me to dump buckets at this debt. budgeting is definitely important but you *need* to make more money if you want to dig yourself out of the type of hole I put myself in. It was also because of YOU - all of you who watched my videos, put up with all my crying and gave me advice over these two years, which helped push me through the darkness and frustration that is paying off debt. I *know* that I would not have been able to stay committed to this journey if I didn’t have YOU to help hold me accountable throughout this process. On Friday I’m uploading a very emotional video about this whole experience but until then, let’s party. Check out my YouTube channel for my @lizzobeeating Truth Hurts parody and just know how appreciative I am of all of you for cheering me on during the adventure. Next stop, @daveramsey
6 days ago
The Myth: Student loans are a part of life. I’ll pay the minimums.⠀
The Truth: You CAN go to school without debt. But if you already have student loans, pay them off as quickly as possible and be free! ⠀
I love the work @anthonyoneal and @daveramsey are doing to educate Americans on the student loan crisis and how we can take charge of our futures. Have you check out their podcast series “Borrowed Future” yet? ⠀
34 minutes ago
If only I had known these core principles when I was a teenager! Luckily, you can change your bad habits TODAY and set yourself up for success in the future.
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1 hour ago
Oh We’re birthing businesses, new homes, trips & investments in 2020! Let’s get your plan together before the money 💰 hits the bank. (863)250-1500 www.kjnconsult.com