Maybe you got your girlfriend pregnant in high school or maybe you’re the girlfriend who got pregnant in high school and now you’ve got a family at the same age where people are usually joining fraternities and binge drinking themselves into oblivion.
Maybe you had a medical crisis and now the doctor bills are piling up, being turned into collections, and ruining your credit.
You went to college because it’s what you’re supposed to do. You bought a house and a car because it’s what you’re supposed to do. Consumerism is a part of our society.
It’s what we’re supposed to do.
Now you’re a ton of debt and that’s ok because everyone is in a ton of debt.
Debt affects millions of people in this country. One thing you need to understand before you can move on with your life and work towards becoming debt free is that you aren’t stupid. At least not for having debt.
You did what you thought you were supposed to do. You did what you were told and what everyone else around you was doing. That wasn’t your mistake.
Your mistake was piling the debt on even after you realized that this wasn’t what life was supposed to be about.
Now it’s time to fix it. But before you can go forward, you have to take a deep breath and understand that getting into this situation doesn’t make you a stupid.
Being ok with it is a mistake.
If you read pf blogs on the reg, you likely understand this. It’s the noobs that I’m speaking to here.
You may come across information that makes you feel stupid. Don’t let this get to you. Personal finance bloggers are just normal people. Sure, we’re weirdos. But for the most part, we’re normal weirdo people. We make mistakes and sometimes we say things that could be offensive to folks who are new to the game. That’s our fault. Not yours.
You need to keep reading. Keep researching. Keep grinding towards your goals. Because you aren’t stupid. I know you aren’t stupid because you’re here and you’re reading this. And if you’re reading this, then you’re reading other blogs and pf related literature. You want out of the debt that’s weighing on your soul.
I think that makes you a pretty smart person
Maybe you have yet to start investing. It’s hard to build wealth when you’re in debt. It’s hard to do much of anything when you feel like your feet are glued to the floor.
This doesn’t make you stupid, either. Paying off your debt should be the priority for sure. In a lot of ways, going from negative to zero IS moving forward, so don’t beat yourself up.
Your mindset is going to make all the difference. Stay positive and optimistic.
I remember when I played high school football and running backs were taught to keep their feet churning. You don’t fight for every yard, you fight for every inch. It doesn’t matter how big that linebacker is. Keep fighting, because that’s one inch closer for the entire team. One inch closer to six points.
I think that’s the perfect analogy for people just getting started in debt payoff. Not only that, for every obstacle that wants to get in your way in this life.
No matter how big the debt or obstacle in front of you is, never stop fighting for every inch. Your adversary, your debt, your opponent, your ex-spouse, your company – all of them will take every inch away from you the second you stop pushing forward.