This article was written by Steven, author of Hundred Goals, a blog about achieving your goals while managing your finances. Steven writes about his journey of traveling the world and working towards completing a life list of 100+ goals, including skydiving and becoming debt free. Sign up for email updates and be sure to join him and hundreds ofother readers on the Hundred Goals Facebook Page!
…and paying it off sucks even more, right?
You work your ass off every single day of your life, only to fork over your money to faceless companies called Visa, MasterCard and Bank of America. You pay and you pay and you pay some more but nothing seems to change. Whether you pay the minimum or you empty your bank accounts to try to pay off your debt, you can’t seem to get your head above water.
What difference does it make anyways? Things are always going to be this way no matter what you do, so why not just pay the minimum, keep a little bit of money in your pocket and go have fun? That what life is all about, fun! And this is your one chance at it so why waste your energy being a slave to your debts?
Eating oatmeal, rice and beans and ramen noodles is a drag! A night out on the town, some drinks with friends and a great steak sound much better than sitting at home cooking for yourself and playing Monopoly again. Ironically, you tend to kick ass in Monopoly, you greedy bastard!
Sounds ludicrous, doesn’t it? But how many of us have found ourselves telling ourselves exactly these same lines? Hell, I’d go so far as to say that most of them are even true! Life is supposed to be fun and a night out with friends does sound like a great time. But when you are in debt, the dynamics of life change.
Even when you schluff off all of your responsibilities, go have the drink and spend way too much on a night out, your debt doesn’t disappear and neither does that feeling inside of you that keeps telling you that you are being an idiot.
Ignoring the problem and making minimum payments isn’t going to cut it. If you want a life without debt, I mean really want a life without debt, you have to change. And that isn’t going to be easy. Just because you paid your card this month and you now have a remaining balance again does not mean you have money to go to the mall for a new pair of jeans or the new Taylor Swift CD. There will be no more vacations put on your credit card without a way to pay them off by the time you get home.
Credit cards give us this illusion…wait, delusion…that we can afford to live a lifestyle well above what we are really able to. Then we find ourselves stuck in a world of shit with no good way of getting out. But we deserve to have the nice things we buy on our credit cards and we have a right to vacation at the nicest resorts on the beaches with the whitest sands!!! Sure, you have a right to these things when you are paying for them and not Chase (unless your name actually is Chase). One day, when you can afford these things out of your own pocket, these things can be yours, but for now you need to focus on getting out of debt and getting a life.
“But paying debt sucks!” Yes, it does. I’m not going to tell you that there won’t be sacrifices. There must be sacrifices if you ever expect to turn things around. Listen. I’m not telling you to live in a hole or even change all that much, really. I’m just saying, start living below your means so that later you can live within them. After you get yourself out of debt, your live will be dramatically better than it was even before you put yourself on a budget and got real with your finances. Think of all the money you will have for saving for the future or for using to vacation at the nicest resorts on the beaches with the whitest sands!!!
Debt strangles the life out of you, plain and simple. Change your attitude about your relationship with debt and you will have your life back soon enough. Debt sucks, and so does paying it off, but if you don’t do anything about it, your entire life is going to suck. You might be able to charge all of the things you want today but in the end, you are short changing yourself and are not living the life you could be without debt. Today is the day for change!
Thanks to my friend Steven for sharing this candid spin on debt. I agree, debt does suck!
If you enjoyed this article, then you might be interested in Steven’s new book, Hundred Goals: Inspiration To Live Your Dreams