Posted in Debt Free Me

Month End: November Snapshot


I’m thankful to see the end of this month, because it’s two more months until I get to say I do to the love of my life. This year has been challenging to say the least, and I’m very blessed and thankful that I’ve could consolidate debt and at the same time use balance transfers to my advantage. I’m thankful to have a job that is allowing me to stick to my debt reduction plan, and the fact that I have a plan in place. I’m also thankful for the assets I’m building over time and the income they will produce. The other side of this situation is I have a supporting relationship that encourages me and my spirit when I get discouraged. Don’t do life alone. Find someone you can openly speak with your finances about, and have someone encourage you to stay committed to your debt reduction plan.

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.

The rich ruleth over the poor, and the borrower is servant to the lender.
https://bible.com/1/pro.22.7.kjv

I believe in your journey to….

A Debt Free Me

Posted in Debt Free Me

Month End: August Snapshot


This month, I did a balance transfer to reduce the balance on the regular Barclay’s card. It’s important to not fully use your credit limit, because that can weaken your credit score. It’s good to have monthly usage, but it shows poor debt management if you have high balances with only minimum payments and no principal reduction. Even if you must sell something, I recommend reducing your balances on your cards. I was recently approached about an income earning opportunity, and after discussing it with my fiancé, I decided to take a chance. If you’re interested in learning about how to make spare time income at your own pace and being one of the few who were a part of the next big opportunity, then click on contact me at the bottom. I’ve set a goal to create income generating assets while I’m getting out of debt, and so far, to date I have two. Continue to take one step at a time no matter how rough the road ahead will be.

If you want to learn more about my opportunity, or if you want to have someone to discuss your debt reduction strategy with, or if you need a financial check-up, contact me.

The rich ruleth over the poor, and the borrower is servant to the lender.
https://bible.com/1/pro.22.7.kjv

I believe in your journey to….

A Debt Free Me

Posted in Debt Free Me

Month End: March Snapshot

Over this past month, I’ve had the opportunity to pay off the Wells Fargo Line of Credit and utilize a zero-balance transfer option on my Barclay’s card to reduce the payment amount of my overall debt. My next target will be the Barclay’s card as I chip away at the Capital One card. It’s important to be flexible with your debt re-payment strategy. Set your sight on a balance and target it but be open to opportunities to reduce the debt faster, even if you utilize a promotional balance transfer option. A word of caution, when you do use a promotional balance transfer remember two points: 1) the offer is for a 12-month period on average (check your terms) and 2) you are charged a balance transfer fee (weigh the cost vs. benefit). In the end, a balance transfer can eliminate the high interest debt which can not only eliminate the payment but also create a lower payment overall which increases cash flow.

An increase in cash flow, creates more money to reduce debt, or to be used towards living expenses. In your journey, you’ll experience a lot of emotional forces at play which may encourage you to spend. The best process to fight these forces is to seek help from others, set up small reward systems to curb the spending, and grow your asset column. As I said in one of my earlier posts, I’ve gotten out of debt before, but when I did, I had no control over my spending and got right back in the hole again. Why? Because I didn’t take time to address my spending issue in the first place, and I didn’t grow my asset column. While you’re getting out of debt, see if you can create something which will produce money for you. The one thing we have which is absolutely fixed is time. At some point the clock will reach zero. Value your time and maximize your use of it.

This new year has been challenging, because of the wedding planning and the financial obstacles that present itself. Every obstacle creates an opportunity to trust God and those closest to you. You’re not in this process alone. There’s a four-step process that I do whenever I receive income, which I will share with you in a later post. This process has blessed me in my journey to debt freedom. I’ve included a short video clip from Joe McGee to help you turn an obstacle into an opportunity. Enjoy:

Turning an obstacle into an opportunity is about changing your vision and your thinking. Have someone to discuss your debt reduction strategy with, and if you need a financial check-up contact me.

The rich ruleth over the poor, and the borrower is servant to the lender.
https://bible.com/1/pro.22.7.kjv

I believe in your journey to….

A Debt Free Me

Posted in Debt Free Me

Month End: January Snapshot

Below is a progress report of where I am at the end of January:

Welcome to a new year! Since 2013, I’ve begun my year with 21 days of prayer and fasting following the habit established by church: Church of the Highlands. https://www.churchofthehighlands.com/ If you are a person of faith, then I encourage you to connect to your local church. Our Pastor Chris Hodges says that real life change happens in the context of relationships.

During this time of fasting and prayer, I sought God to strengthen my finances and prepare Jill and I for the upcoming year.  During that time, I felt God say for me to grow closer in friendships and family members I’ve let slip away over the past years. And in that moment, I realized how much we need each other.

Jill and I talked over our vision for 2016 and what we’re believing God for in our finances. I specifically had three specific points, which I will share with you in the next post. During the mid-month, we agreed to start a part-time business selling identity theft protection plans. It’s so exciting for us to be able to talk openly about business and grow something together.

We also discussed my remaining line of credit and credit card, and with her agreement, I decided to balance transfer $1000 to the Barclay’s card I paid off last year. The card was offering a low 2.99% rate. This low rate would allow me to save money on the interest I was currently paying on that line of credit. Also, my Capital One card is offering a zero percent balance transfer rate. I plan on accelerating my payments to $500 per month to pay this line of credit off faster.

Once this line of credit is paid off, I will either re-focus and pay off the balances I transferred over or set aside more money for the wedding. I’m believing and trusting God for big things this year, and in the next post I’ll share how powerfully he’s worked in my life.

The rich ruleth over the poor, and the borrower is servant to the lender.
https://bible.com/1/pro.22.7.kjv

I believe in your journey to….

A Debt Free Me

Posted in Debt Free Me

Month End: August Snapshot

Over the past few days, I’ve considered re-targeting my focus on my credit card balances. I’m going to pray on it and talk it over with my fiancé. Just doing this action, shows me I’m not the same person I used to be. Before I would simply do the action, and then adjust to what happens. If you’re on this journey to a debt free me, I suggest that you do not do it alone. You’re going to face a lot of challenging choices, and it’s best to have someone that you can share openly your ideas and frustrations. Even if you have no one to talk to, I encourage you to talk to God. Where you are isn’t where you’re meant to stay. If you’re just starting this journey, and you’re overwhelmed by the steps ahead, and you feel uncomfortable about speaking to God or your family about what’s next, then feel free to contact me.

“”Don’t bargain with God. Be direct. Ask for what you need. This isn’t a cat-and-mouse, hide-and-seek game we’re in. If your child asks for bread, do you trick him with sawdust? If he asks for fish, do you scare him with a live snake on his plate? As bad as you are, you wouldn’t think of such a thing. You’re at least decent to your own children. So, don’t you think the God who conceived you in love will be even better?”

‭‭Matthew‬ ‭7:7-11‬ ‭MSG‬‬

http://bible.com/97/mat.7.7-11.msg

I believe in your journey to….

A Debt Free Me