I hope that everyone’s Friday is going well. My day started out to be very stressful. I always try to talk positive on my blog, but I am also keeping it real, too. Being on a debt free jounrey is not easy for me. I’m currently reading Rich Dad, Poor Dad and it’s teaching me so much! I am grateful for the author, Richard. On the other hand, I have a plan on how to get out of debt, but on the other hand, it still seems impossible. Let me explain.
I’ve decided to start Baby Step 2 in the Dave Ramsey plan. BS2 is to pay ALL of your debt, My debt is currently at $211,000. I know I loose my breath everytime I think about the number. To prepare I have also been saving my money in an Emergency Fund so that way I can have a cushion. Let’s face it. $1000 is NOT ENOUGH for a starter emergency fund. My frustration is not just about the debt, but also about earning more income to pay it off. Which leads to the next frustrating thing. Income. My current income is 38k. I’m looking for side hustles and even another job making more money. Don’t get me wrong, I’m not complaing at all. These student loan debts are just that mine. It just sucks that I’m not even working in ANY of the fields that I have degrees in. At least that would make me feel a little better.
Plan Of Action
How do I tackle such a big amount? Well, I’m going to pay as much as I can on my student loans while continuing to try to get more income as a writer. Writing is my passion and it’s what I want to do for a living. I also want to bring personal finance in the mix as well since I enjoy it so much. Being on this journey I am sacficing being an even more nomad or homebody so I can be able to say I’m debt free and help others and different organizations. My heart is in the right place. I just wish the income would follow suit. I know in time it will because there is a man named Jesus who said that he would give me the desires of my heart to make it happen. But, I have an AMAZING support system with Clever Girl Finance and my acocuntability partner, Stacey. They understand the struggle and how real it is. So, I’m taking a deep breath, pulling up my big girl panties and getting to work.