In order to stay motivated, it makes sense to think of reasons to continue on your path. Here are 3 of the best reasons to stick with your debt reduction plan.
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Catchy Title eh?
I bet most of you are thinking you will see some colorful pie charts, fancy bar graphs, motivating line graphs, or sexy spreadsheets analyzing down to the tiniest detail my 2014 debt repayment plan.
There is no magic spell to erase bad credit. It takes time to repair your credit, but if you follow these smart, common sense steps the road to good credit may just be a little easier to travel.
It’s no secret that GMD doesn’t have an Emergency Fund while I am aggressively paying off debt right now. I even wrote a sweet ass post explaining all the reasons why a few months ago in the link above. But the main reason why I don’t have an EF while I am trying to pay off $45,000 of student loan debt? Because…
I’ve had a source of income from the age of 12. If it wasn’t babysitting, it was cat-sitting. I moved to retail and entry-level office work when I hit my late teens. I made it through my Bachelor’s degree with a savings account that was nicely topped up because of my parents’ generosity – I was gifted my undergraduate education. And since I went to a local school I was able to live at home, forgoing rent.
We all know that paying off debt is 90% mindset and 10% numbers. Or something like that.
Before I started this blog and became serious about aggressively paying off my debt I had 2 big misconceptions about debt that I’m sure many people have as well. Today I am here to “debunk” these 2 common debt myths, GMD style. ;)
It’s important to realize that you do have rights when it comes to debt collection practices. The fact that the FTC has just fined one debt collector $3.2 million for harassing behaviors underscores that you do have rights, and you can see that they are enforced.