I was listening to my financial advisor guy on the radio the other day during my lunch hour when he took a call from another listener. The person calling in said something in his introductory remarks that they had dug themselves into a hole (financial). When he said that, immediately I thought...."Quit digging". Then I thought...hmmmm - sounds like a great sermon title to me!
Sometimes when we've found that we've dug ourselves into a hole - it is at that point we need to tell ourselves to "quit digging". Tamala and I "quit digging" the summer of 2007. We stopped borrowing money and started "back filling the hole". We had to stop spending money like the politicians in Washington and create a whole new paradigm shift regarding how we thought about money, handled money and "seeded" money.
To date, we've paid off several thousand dollars of consumer debt and just this past week, we paid off one more credit card. We are "DISCOVERing" financial freedom and peace. That balance was just over $4,000 a couple of years ago; but it is $0.00 today!
Into the Crosshairs of our financial SCOPE -
Chase Bank has fallen into our crosshairs at this point! If all things remain constant we should completely retire this debt by September of this year, and, if we can keep the MOMENTUM, all of our consumer debt, Student Loans, etc will be completely paid off by April of next year! That's ten months my friend! That means we won't have any debt except our home in ten short months. I told Tamala yesterday - finally we can see the light at the end of the tunnel.
DELAYED SATISFACTION
Let me tell you friend we have delayed many things while on our present journey. I can't tell you the number of times it would have been easy to go out and borrow money to do the things around our house that we have wanted to do. But that would have been just digging deeper into the hole of debt - so we didn't. We had to remind our ourselves that if we wanted different results than what we had been getting, we had to stop doing what we had been doing and try something else.
TRACTION -
It seems almost trivial now, but 2 1/2 years ago we had some small doctor bills that we had to pay off. We were paying about $30.00 a month or so on three or four of them. So what we learned was when we paid our first one of those off, we took that same $30.00 a month and began applying it to the next payment and guess what? TRACTION baby - we got TRACTION!! Today, that $30.00 has grown exponentially!
LIVE DEBT FREE
That was what the billboard said here in Kansas City back in early 2007. When I read that... I thought "could that really be possible"? Today, I can really see that it is possible. What is really cool to realize is that when you don't have any debt no one can come along and take anything away from you.
Stay tuned - we hope that next April we will be able to post - WE'RE DEBT FREE!!
Blessings!
2 comments:
Brother--we are on our way to that same goal as well. We haven't quite as good at resisting doing things to the house but we did not borrow or charge the cost. It has been paid for as we go. We are in the early stage of paying off our consumer debt but it is coming along nicely! One day we hope to rejoice with you about being debt free!
The Queen
i suppose the thing that makes it fun, other than paying off those evyl credit cards and pitching them when that happens (if not before), is that you can make a game out of it all. Debt is the opponent, the enemy, use every means possible to beat the living crap out of Debt, essentially the object of the game is to eliminate all opponents...and since there is really only one anyway...
Hah! My word verification...SPLEBASH...which is what the Royals are doing in the pool right now.
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