This is My Personal Debt Freedom Experiment
Important disclaimer: This is NOT an advertisement for Dave Ramsey, I was not paid to write this, I was not compensated by the originator of the program or through any form of profit share. I personally have used this program and had massive success with it.
If you are stuck in debt and struggling to make your rent wondering IF you will ever get out, not when, then you need to take a strong look at yourself and ask the question “what am I doing wrong here”, or “what can I do differently to change my situation?”
I had to ask myself this question 3 years ago when I graduated from college with no job, no income, no assets and $30,000 in student loan and credit card debt. I was living at home with my dad with no prospects and doing nothing with my life. The debt kept piling up and my bills were extremely low.
Weekends I would just go out to the bars and party with friends, trying to forget how much my life sucked, and blow all of what little money I had on alcohol. It was a pretty sorry way to live.
After working two crappy sales jobs right out of college I decided that I needed a change of scenery and left for a month of bumming around Europe with a college buddy of mine. When I returned home I recommitted to learning about personal finance and wealth creation, focusing first on the question “How do I get out of debt?”
Thats when a friend turned me on to Dave Ramsey and Financial Peace University.
It changed my life from that day forward.
At the time I was earning less than minimum wage, 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 and listened to every single track. 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 https://www.daveramsey.com/blog/free-download-budget-form.
Each month I would re-do my budget and I was religious about cutting expenses, trying to increase income, and find new ways to pay off my debt.
Before following Financial Peace University I was well over $30,000 in debt and working like a mad man just to blow all my income out of the expense column. All the while living off my fathers goodwill, using his car, living in his house and not even paying rent!
In less than 2 years I went from dead-beat college graduate to Financially independent, now living with my beautiful girlfriend in a nice apartment that I can walk to work from, and I am on track to be debt free in the next 6 months.
It feels good to say that.
But I don’t want you to think that this is something that can happen overnight. This is not a pill you can take to make the headache go away. It is a program that if you must follow and if you do you will set youself and your family up for a life of relaxation and financial stress free living.
If it wasn’t for this program I would still be wallowing in debt wondering IF, not when, I would ever be able to travel and build a lifestyle of freedom. Thank you Dave and your team for creating that course. This is how I would like to repay you.
If you would like to invest in your future then you can get dave’s course at https://www.daveramsey.com/fpu.
And Just so you know that’s not an affiliate link, I don’t get any credit for referring you, this is a program that I’ve personally used to dig myself out of a lot of debt and this site is all about recommending resources that WORK not just stuff that pays us well.