Am I dreaming? It is 4AM, maybe I am?
Have you ever had a bad dream that you just wanted to end?
“Once upon a time, there was a princess who lived in a faraway kingdom, where everyone but the princess paid off their debt in record time…..
I read, then re-read, and re-read again almost every popular financial blogger’s site out there. Playing devil’s advocate, I said to myself, why is it that I can’t do what they did? How do these people pay off thousands of dollars of debt in a year or two? It can’t be possible, can it? I’m once again feeling like a gopher in Groundhog day. Maybe I just have a lack of patience and want things to happen overnight. Magically, I wake up and suddenly there is no debt! Yep, delusional.
I’m single, I live with family, have one car and a complete wardrobe. I don’t have much room for any “stuff” and I’m clearing out my old stuff. I’m clearly being hard on myself again. Oh, did I mention I have less than 20 pairs of shoes? And I only have 2 purses. So, now that we know I don’t have a shoe or purse fetish….wait…that’s it. I love all things designer”
Have you had these moments? Help me out here peeps….
The original blog that inspired me to look more closely at my debt was Krystal Yee’s Give me my five bucks back; so I spent Saturday morning at 4AM re-reading her inspirational story of how she paid off $20K of debt in a year. It gave me hope again and a reminder that I need patience and strength. I need to keep moving forward and stop wallowing in my setbacks. I need to own up to my setbacks, but not be too extreme or hard on myself. It will only end up causing me undue stress and disrupt my already delicate work/life balance.
It was a stark wake up call that I need to learn to say NO.
NO to my friends when they want Starbucks for the third time in a day; hence why I am up at 4AM! NO to that designer handbag; even if I haven’t bought one in over a year and even if my current purse is falling apart.
I’m not entitled to these things. Plain and simple. None of us who are in debt are entitled to these things; even if the old items break.
I make very good money a year in my current job and should be grateful, very grateful and I should be using it to pay down my debt. Not for extra frivolous things like expensive trips to New York or expensive dating services (more on that craziness later).
So, at 4AM on a January Saturday morning, I had a plan. A new plan. I opened a TFSA and wrote on it “Dream Home” and I renamed my HISA “Travel/Emergency Fund”. I created another goal, I will retire by 55. That gives me 19 years to pay off my debt and get a big nest egg happening!
My debt free date will be Aug 31 2014 or sooner! How’s that for smart attainable goal setting? By 4:38AM, I have a plan and I’m sticking to it. Plain and simple. Time to go back to sleep!
“Once upon a time, there was a princess who learned to take control of her life and start on her way to a happy ending…..”