Wednesday, May 9, 2012

Debt steals your freedom

When I was in debt I didn't have freedom. I was stuck. I didn't have the luxury of choice. Instead I was fearful that I would lose my job and afraid that I wouldn't be able to pay off my debt.

My debt took away my freedom.

How do you get freedom? Getting and staying out of debt. Getting out if debt is a process that takes time and determination. But in the end you get the reward of freedom. Freedom is the best reward.

Monday, May 7, 2012

Safety in a job

This is the truth I am realizing lately:

There is neither safety or security in a job.

I have been employed full-time for the past 8 years. In that time I have acquired many great skills. However, all my skills and education do not make me safe from downsizing. While I was in debt and getting myself into debt I took my employment for granted. I am embarrassed to admit this now. It is embarrassing because it shows my ungratefulness to my self and my employer at the time. I wish I could go back and tell my 20 year old self to not buy an expensive car, to not live in an expensive apartment, live within a budget, and never take my time or job for granted.

Sunday, May 6, 2012

Affordability

If you have to think about affordability then you probably can't afford it.

Whenever I question a purchase or it bothers me for awhile it usually means I can't afford the purchase. This happened a lot while I was in debt.

It is important to know what you can and cannot afford.

More Money

I came across this statement recently:

You can't solve poor financial management with more money.

Essentially, this statement is saying that if you can't manage $20,000 well you will not be able to manage $500,000 well either. More money is nice but it doesn't solve the underlying issue of poor money skills.

Poor money skills = poorness

I have really seen this in my own life. I always think more money will solve all my problems. But as I continue to earn more I have realized it doesn't because what needs fixing is in my mind. My emotions and thoughts have held me back and created my dysfunctional relationship with money through the years. I am just now starting to realize how complicated my relationship with money is. It rules my life. Even though I am out of debt I still struggle internally with wanting more and never being truly satisfied and wanting to just spend, spend, spend on my credit card.

I am writing today to let you know that more money is wonderful but it isn't the answer to my money insecurities within myself. I am now on a journey of understanding so I can be at peace with money and my financial resources.

I will keep posting about this journey over the next couple of weeks...
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