#SelfhelpSaturday Post 1

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Debt Relief Programs – TOP TEN

Debt, oh how it can envelope us.  Drowning, is the term you may often hear used with the word debt.  As everyone that has ever said those words, “I am drowning in debt!”  really need help.  How does one go from the life of credit cards, and fake freedom to a life using cash and actual financial freedom.

I of course am no expert in financial freedom, although someday I hope to be.  Why listen to me?  Umm… I am starting the journey to become debt free.  Learn from my mistakes.  That way more people, especially young people don’t make the same mistakes that I did.

As I take this first step towards this debt freedom,  I realize I am about to work my way towards the most difficult journey of my life, almost like physically climbing to the top of Mt. Everest.  Not many people reach the top of Mt. Everest (approximately 4,000 people) over 200 people have died, here is the list of those that lost their lives to the climb trying to reach the top of this 29,000 ft. peak.  I was actually surprised to find out that over 4,000 people have successfully reached the top of this ginormous mountain.  These climbers are proof that it isn’t exactly impossible, but that this is also an event that not everyone will be excited to sign up for.  Talk about discipline and a little bit of insanity to sign up for this. And similarly, most people never realize the mountain of debt they have been building in their lifetime, and just where to gain the experience and wisdom needed to become an advanced climber to reach the peak of this mountain and claim it as their bitch.  How do we do this?  More importantly, how do I do this? 🙂

mountainHow severe is debt in the United States?  This is not a place of mystery for most.  I just googled it and those that are reliant upon credit to survive is at 40% according to “TIME”, and of course this percentage goes up to 45% when the income decreases below a $50K yearly salary.  I don’t make $50K.  I am not happy about being with 45 % of the population that relies on plastic to make it. plastic and the numbers that rely on it for everyday purchases

I know the struggle, and it appears that 45% of people making a similar salary or sadly, below the amount I make, understand this struggle too.

My first step this week has obviously been to find  a way to manage the debt I have incurred over my lifespan.  I want to do this on my own, so I only want to manage this solely on my income.  I have recently reached out to a debt relief program. Freedom Debt Relief Website  I know one thing is certain they do not consolidate or pay off student loan debt.  This makes me sad.  50 % of my debt or more is student loan debt.  This debt sadly stays with you until the grave and somehow I have heard that it can follow you there too.

Second step, realize my problems with credit card usage, and use methods of budgeting and only make purchases with cash.  Do not touch allotted savings each month.

I also need something to invest in.  Any suggestions?

My #selfhelpsaturday for April 7th, 2018 is about finances and being debt free.  Hopefully in a year from now we can see some progress.  Day 1, and step 1 of several.

HELP YOURSELF TO THESE LINKS!

5 Steps – Become financially responsible

Clean up your debt link

Huffington Post 2017 – advice on Self Care

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