Welcome! The truth is I have really messed up my finances. I literally need to Sort My Debt Out. Rather than get down in the dumps, I am going to embark on a transformative journey toward financial liberation. I’m thrilled to kick off this blog as I open up about my personal pursuit of a debt-free life. If you’ve ever felt the weight of the debt spiral and financial burdens, you’re not alone – and this blog will hopefully help you either not do what I have done in the first place or help you get out of a hole like mine.
The Spark that Ignited Change
I got myself in this situation and if I’m honest with myself it was not all through circumstances beyond my control. My situation was born from a mixture of house renovations, holidays, having children but mostly living beyond my means in my twenties.
I have got to a point where my income barely covers my monthly payments so over the Christmas period (2023) I had time to think and now is the time I have to make some serious changes. I also recently read The Psychology of Money by Morgan Housel and this really inspired me to flip my situation on it’s head and try to build a sustainable wealth for the long-term (more on this later).
Why This Blog?
As I navigate this journey myself, I am sure that many will share similar struggles. So, I thought a great way to stay motivated even just for myself is a platform to connect with individuals seeking a way out of debt, providing a supportive community and valuable insights to help each other conquer financial challenges.
I am also really interested in monetising my life (a later blog will deep dive into this). This sounds like an odd concept but in a world where individuals can monetise almost anything online through social media, this platform could potentially earn me a small side-income which will help me clear my debt even faster. I am being upfront and honest about this now as this is what this platform is all about, being honest with myself and doing whatever can to reach that debt free life and start to build sustainable wealth for the future.
What to Expect
In the upcoming posts, I’ll delve into practical tips and strategies that I’m researching in my debt-clearing journey. From budgeting hacks, to debt clearing strategies, we’ll explore various aspects of personal finance that will hopefully empower you to regain control of your own situation.
This is going to be raw and honest. I’m going to share with you exactly how much debt I’m in, how much I earn and how much I’m paying off of each debt, each month. I’m also going to hold myself accountable and tell you when I lapse and use credit during this journey.
Join the Conversation
Alongside my experiences, I can hopefully share some of your stories, whether you are at the start of this journey, part way through or have liberated yourself from the spiral, I want to hear about it!
This blog doesn’t just have to be about my journey. I invite you to join the conversation, share your stories, and connect with like-minded individuals on the same path. Together, we can build a supportive community that encourages one another to stay committed to the pursuit of a debt-free life.
Thank you for joining me on this adventure. I’m excited to see where our collective pursuit of financial freedom takes us!