Category Archives: About Me
I Can Not Afford It
Yeah, I pretty much can’t afford it. You can stop reading here if you want, but I have some data to back up my reasoning. Enter the rabbit hole with me.
First, I have to say that I welcomed the Affordable Care Act when it was proposed as a single payer system. The way that it would have worked (ideally) is that Medicaid would be the benefit carrier and as long as your doctor accepted Medicaid, you would have some level of service. It would have been a much easier solution to the hodgepodge mess that has been enacted. I’m ahead of myself. Let’s backtrack on how I came to this decision.
I loved this story so much that I just had to share it with you.
Imagine sitting in your tax preparer’s office as you do every year waiting to hear how much you might owe, or, if you were lucky enough, how much of a tax refund you would be getting back. Now image hearing that not only would you be getting a refund, but you would get more money than you even earned in a year? Not just a little but, but $54,000! That’s exactly what has happened to a loving couple who opened their home to foster children who they later adopted.
The Ward family already had a blended family of six children but decided that they wanted to offer a loving home to foster children in need. Over the past few years they have opened their doors to a number of children in need but could not help adopting six of the children that they had helped. This couple is not rich by any means amd acted out of love for their children.
Now imagine having your tax preparer tell you to go home because they needed to verify the number that the tax software spat out at them. Picture yourself coming back another time to find out that because you had adopted children out of the foster care system, you were eligible for a tax refund for each of the children that you had adopted.
I love this story because these children were adopted out of love and not for the money – but the money was a welcomed windfall. Check out the story of the Ward family below.
I had the opportunity to speak with Gerri Detweiler the credit expert at Talk Credit Radio about my debt story.
I spoke a little about how I got into debt and the drastic steps that I initially took to begin getting out of debt and how I went from paying only $2,000 off my debt to paying $25,000 off my debt in one year. Have a listen!
Click the download button to open this interview in your computer’s media player.
For the first time in my life I’m buying life insurance.
I’ve always had life insurance coverage through my various employers, but I never bothered to purchase my own life insurance because I thought that I didn’t need it, and honestly I probably didn’t. I had absolutely no assets, plenty of debt, no children, no spouse, no one depending on my income and enough in my retirement account to bury me…with a little money left over.
As of last Friday, I am officially unemployed with no new job to go to. Are you panicking for me? Because I’m not.
I’m smirking as I write this post that has been months in the making while sipping on a cup of calming ginger tea. My heart is beating loudly as if playing out a scene in The Tell-Tale Heart, but it’s at the excitement of what is to come in the next few months. Life is beautiful, and for just this week, I took the time to stop and enjoy being alive and happy.
If you recall I resigned from one job over a year ago to take another job with a different employer. The new job was in the field of Human Resources, something that I had wanted to do my entire career. When the opportunity presented itself, I was hesitant at moving because I liked my previous employer a lot. But, after speaking with my better half, I was convinced to get over my reservations and accept my dream job.
Within two weeks of joining the new company I knew that I had made a terrible mistake. My job? Oh, that part was easy . The office and company? That was the issue. But, I’m nothing if not positive, so I decided that I would give the new job at least six months of observation before making a decision on leaving or going.
It’s the fourth anniversary of the start of this blog. Every time I pass another year of blogging, I’m surprised that this blog has survived for another 12 months. Make no mistake, consistently writing articles well enough to keep readers somewhat engaged is not easy, especially if it’s not your full-time job. Thank you for sticking by me for four long years. We’re officially toddlers now. If you’re new here, get ready for the ride.
As I do every year, I like to reward my readers with an anniversary gift of sorts. This year is no different than any other. Since reading is fundamental I would like to encourage that habit by giving away a Kindle Fire. I’m giving away only one Kindle Fire to one lucky reader.
The beginning of the year is a great time to reflect on how your activities of the previous year. By now you must be tired of seeing every kind of 2012 retrospective imaginable, but don’t shut your computer off until you’ve read mine!
As you know, I owe the entire existence of this blog to my journey out of debt. As with any journey, there are ups and downs, but by putting one foot in front of the other you will eventually get to where you are going. So it has been with my debt.
I began the year 2012 owing my creditors $101,056.63 and ended 2012 owing my creditors $144,224.79, an increase of almost 43%. If you were to take a look at just those numbers I wouldn’t blame you for thinking that I’ve been an abysmal failure at my journey out of debt. Hidden between those numbers are a host of things that happened within the year including the fact that I paid nearly $25,000 towards debt servicing. The great thing about this blog is that I can look back at every single month and see what major events occurred that might have added to my debt.
Neither a borrower nor a lender be
For loan oft loses both itself and friend…
It’s not me, it’s you. Sure, we can still be friends, but I think that it’s better for both of us if I invest using other platforms. No, no there’s no one else involved. Well, maybe Lending Club did try to win me over a little, but really, you pushed me away. If you just worked a little bit better, we wouldn’t be going through this right now.
Let’s not make this any harder than it has to be. I’ll just stop investing with you and transfer my money as loans are paid off. Oh, my own loan? Yes, well, I’m accelerating the payments and we’ll just make a clean break. I’m sorry. I really wish it could have worked out, but I think that it’s just better this way.
Hi guys. I know that this blog is about personal finance and getting out of debt, but this is also a personal blog…my blog, and my journey through life. I firmly believe in teaching through stories and laughter. If you’ve followed this blog for more than a month or so, you have probably realized that my writing style is a bit light-hearted with a lesson tossed in there somewhere for good measure. But, life isn’t always fun and light-hearted, so this blog will occasionally reflect that too.
I struggle quite a bit with just how much personal information to include here, especially since I share the stories of the people in my life. I share these stories so that we can all hopefully learn something and improve on our own lives.
One of my cousins passed away on Sunday after a battle with cancer. At barely 33 years old, she is the first of my generation to die. Realizing how ephemeral life can be is very sobering, especially when you consider yourself to be young.