Get a Side Hustle

My journey to abundance is taking all sorts of unexpected twists and turns. It started with going underwater on my mortgage, took a detour into credit card and car loan territory, explored high end consumerism and then crossed into Ramsey land with the precise goal of getting debt free. I have also downsized my belongings, which encourages spending less. While spending less is a sure-fired way to increase net worth over time, my urgency to be debt free got me thinking about how I could speed up my progress. Continue reading

Delay Gratification: Lesson From Buying a Gucci Handbag

We live in an instant gratification society, and it’s ruining our value system. After making a purchase, I would enjoy the item thoroughly for a week or so and then become either dissatisfied or bored with it and consider what I should buy next. This was the case for small and large purchases. I approached my material acquisitions like they were a goal. I thought, “OK, I have this item, what else is on my wish list?”

Thinking like this diminished my appreciation for what I have. Rather than being in the present with my belongings, I was constantly looking at what I didn’t have and living in the future. This was a source of discomfort because I always felt like I was lacking something. Which is a complete shame because I own many wonderful things. Continue reading

Dave Ramsey’s Baby Steps

Dave Ramsey’s name popped up on several YouTube channels I follow, then I noticed it at the library, and not a week later a friend made reference to him during an unexpected visit. I don’t believe in coincidence, but rather see these synchronicities like bread crumbs leading me someplace I should go. For that reason, I started to look into Dave Ramsey and his message for obtaining financial security. Continue reading

You’re the Villain When You Force Your Rules on Others

Somebody who used to be close with my family thinks I’m a villain. Ok, maybe not that I’m an outright villain, but definitely that I’m a bad guy. For the time that we were close, I gave advice and friendship by encouraging her personal development. My typical advice was along the lines of, be respectful of others, make prudent choices, get active and involved, give more than you get, start with small goals to build momentum for large goals, etc. Essentially, I gave to her the exact same content that I write about here. I was being myself and offering the rules I live by – and that’s the problem. I repeatedly offered the rules I live by. Continue reading

Think Like a One Percenter

You all know I’m on a journey to affluence, as I like to call it.  On this journey I’m learning just how much my upbringing has programmed me to believe that financial wellbeing is the result of hard work.  Yet through practicing the law of attraction, I’ve been presented evidence time and again that it’s alignment with my goals and inspired action which deliver the greatest results.  Even so, I can’t seem to shake the feeling that I have to fight hard for what I have.

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How Being Upside Down in My Mortgage Saved My Finances

My husband and I closed on our first home in February 2007, about seven months shy of the real estate peak. When the bubble burst, we quickly became desperately upside down in our mortgage. We had financed using an 80/20 split between an interest only ARM and a loan modeled after a 30 year fixed but with a balloon payment at the end of a five year term. At first, I didn’t comprehend the severity of the situation, but by the start of 2009 we were $50k underwater, and home values were still decreasing. Add to that car loans, student loans, credit card debt and a household income of $70k – I’m sure it’s no surprise that we began freaking out. We had to make a firm commitment to improve our finances because we ran a serious risk of defaulting on our loan. Continue reading