24 years old and broke, not destitute but broke, stuck in debt and struggling to figure out my purpose in life. Renting a room from my dad wondering what I would do in life, what was my purpose. Pretty much living just for a pay check.
Have you ever been there? I have, and that’s the reason I’m here writing this for you is because I want for you, what I didn’t have. I want you to see the light sooner, and I want you to avoid the mistakes I made getting into college, and after leaving.
Upon graduation from college I had begun working a string of sales jobs which really were rather silly when I think about them.
I sold t-mobile cellphone contracts to businesses. No one wants a contract with their cellphone provider anymore… Selling blenders at Costco, everybody can just buy them online now and get free shipping and free returns. I sold advertising for the Yellow Pages. Go ahead, laugh for a minute at that one I’ll wait…
I eventually had to ask myself “what am I doing wrong here?”
But the answer wasn’t that simple, it came in the form of another question actually.
“What can I change to make my life better?” the answer was ME.
I needed to change. At the time I had just returned from Europe after a short quarter life crisis and quitting my entry level sales job selling advertising.
At the time I had no job, no income, no assets and over $30,000 in student loan debt. I was living at home still and had no idea what I needed to be doing in life, and the worst part is that the debt kept piling up anyway even though my bills were pretty much $0.
I’d spend weekends getting drunk with my “friends” trying to forget how much my life sucked. And the sad thing was, the only person to blame was me. That’s when I came across a little program that a friend of mine from high school recommended called Financial Peace University.
It changed my life and from that day forward I began to make progress and feel good about myself.
And I know what you’re thinking. SALES PITCH!
Stop right there.
This is not a pitch.
This is not for money.
This is to SAVE YOUR LIFE!
I was going down a bad path, a dark path, which leads to pain and suffering, with little to no prospects in life, and it was ME that got ME there.
The only person I could blame was myself. And the ONLY person who could get out of that was ME.
So I suggest that you keep reading and listen to what I have to say here.
At the end decide if it’s for you or not.
At the time I was earning less than minimum wage (about $9.50 an hour), so I didn’t actually pay for the program… My friend lent me the CDs from his program and I took them home that weekend, listening to every.single. lesson.
And boy did it help.
That same day I began building my own budget with pen and paper using Dave’s Monthly Cashflow Plan, which you can download for free from his site here: https://www.daveramsey.com/blog/free-download-budget-form and I began learning where my money was actually going.
I was ashamed to find out that I was spending $200 a month on booze on the weekends!! Thats over $2,400 a year which I WASNT PAYING BACK TO LOANS in order to simply “have fun”.
This one habit alone was costing me Hundreds of thousands of dollars in the long run, quitting drinking has helped me save for my Porsche 911 turbo 😉
And so each month I re-did my budget, became religious about cutting expenses, and of course the first expense to go was the weekend “fun”. To be honest I don’t miss it, or the hangover that accompanied it.
I also began searching for ways to increase my income. I sold books, I went garage sailing, I sold personal belongings, video games, kitchen knives, dvd’s, vcr’s, bread makers, used electronics, anything that I could get my hands on to sell and then turn into cash to help pay off my debt faster.
When I started the 7 Baby steps back in 2015, I had $33,555 student loan debt and credit card debt and absolutely NO Savings, NO assets, and NO Hope. Click here to read How I went from $0 in savings, no assets and $33,555 in debt to over $5,000 in assets and $0 student loan debt in just under 3 years..
In less than 3 years I went from dead-beat college graduate to Financially independent and savvy saver, now living with his beautiful girlfriend, in a nice apartment, walking distance to work, with no debt and money in da bank!
It feels good to say that.
And I don’t want you to think that this is something that I did overnight, because I didn’t.
It took blood, sweat and tears to get here, and I didn’t do it alone either. I got help from those who have been here, done that, and I sought out the knowledge first. Like what you are doing coming here. I suggest that you read the recommended books and audios on this site. You don’t have to do it all at once but work your way through that list. That’s what helped me get here.
All the books in the recommended book list I have read and I strongly recommend.
Get yourself an Audible subscription and you get one book credit a month to use on any book (this will build the habit of listening to new helpful information). Or you can simply download them on amazon for $9.95 per book. But you need to be building a library of useful information and to submerge your mind in powerful thoughts from other great minds to become a great mind in the subject.
Notice: I didn’t say “positive” thoughts. Thinking positive will only get you so far. Thinking powerful will get you the extra distance you need to go. Compound interest is a powerful concept, exponential growth is too. I can do this is a positive thought but once you’ve been beat down a dozen times that thought starts to fade. You need results FIRST! then that builds the “I can do this” muscle.
If you’re really struggling to even pay your rent, then get a library card, and go check out these books, but READ THE DARN BOOKS FOR PETE SAKES! They will begin to change your thinking which will change your life.
And don’t think that your debt is something that you can’t get out of, that it’s some insurmountable mountain that you have to climb, because it’s not. It’s a foot race that you are running and how fast you run it is up to you.
And there is no pill that you can take that will run it for you.
You have to be willing to put in the work, effort, time and training to build the muscle’s you need to runs that race.
And one of the best training programs I know of when it comes to money races is the Financial Peace University program. Taking this course will set help build the foundation for you and your family to live a stress free financial lifestyle.
If it wasn’t for this program I would still be wallowing in debt wondering IF, not when, I would ever be able to live the lifestyle of freedom I so desperately wanted.
Thank you Dave and your team for creating that course.
That’s not an affiliate link, I don’t get any credit for referring you, just the personal satisfaction of knowing that I helped change someone’s life for the better like mine was.
Important disclaimer: This is NOT an advertisement for Financial Planning, nor am I a certified planner, I was not paid to write this, I was not compensated by the originator of the program, nor through any form of profit share. Anything I recommend on this site I’ve personally used and believe in. Some of the links on this site, when you click on them, will give me a small affiliate commission at no additional cost to you. These links will cost you nothing to use, the price of the linked products and resources remain the same; however, when you use these links it helps support this site. It takes quite a bit to run a website and it ain’t cheap.