I turned 38 this year…Looking back I never expected to be so far behind in my life as compared to others. A lot of the people I went to high school with are married with children, and some are very successful in their careers. I look at my parents and remember where they were at my age, and honestly it discourages me. Comparison can do more harm than good. Even when comparing yourself against others who are attempting to achieve common goals like being debt free. All you can do is stay on your path and stick to your strategy. Everyone’s life, circumstances, and finances are different. That’s why it’s important to have a budget, or some form of knowing how much is coming in, and how much is going out. What is your bottom line number?
I’m focusing through the end of the year on paying down my other credit card debt. I’m continuing to pay just the about the minimum payment to at least reduce my principal balance on the debt above. Remember to look at your credit card statements to not just see your interest rate but also, to see how long it would take you to pay off your balance if you pay just the minimum payment. Also, your interest rate could change if the Federal Reserve raises interest rates. Don’t compare yourself with others and continue step by step toward being debt free.
If you want to learn more about how I’m increasing my income while reducing debt, or if you want to have someone to discuss your debt reduction strategy with, or if you need a financial check-up, contact me.
Also, learn more about how I use the self-lending principle through Mustard Seed in the mustard seed section.
This month’s video is Dana White – From $0 To $7 Billion | One Of Most Compelling Speeches! from the Mulligan Brothers YouTube channel.
“The LORD will send rain at the proper time from his rich treasury in the heavens and will bless all the work you do. You will lend to many nations, but you will never need to borrow from them.”
Deuteronomy 28:12 NLT
I believe in your journey to….
A Debt Free Me