Posted in Debt Free Me

Month End: May Snapshot


Thankfully this month, I paid off the Prosper loan, and now I’m focusing solely on the credit card balances. Remember that paying off your debts will give you a raise. Without debt, you will be able to experience your true take home pay (gross profit). Having a budget, will help you know how much your disposable income will be, and your disposable income is how you will build wealth. Mind your own personal investment portfolio. As you pay down debt, look for ways to increase income. I’ll plan on taking advantage of the loan balance transfer offers to reduce my personal line of credit to pay for emergency expenses and look for income producing opportunities. My wife is preparing to interview and will start working in the field that she loves starting next month. I believe you should do what you love and do it with excellence. If it’s possible to do what you love and generate income from it, then leverage the internet to reach as many people as possible. If it’s not possible to generate income from what you love, then let it be your motivator to do your profession with excellence. Our time is finite, but our impact can be eternal.

Over the next few months, my goal will be to reduce either credit card balance by $1000. By year end, my goal is to position myself to be able to make $1000 debt payments toward my debt via my job, and businesses. Some of the new habits I’ve adopted is listening to motivational videos, and relaxation videos through YouTube. However, for me, my core foundation remains the same, prayer, the Word, and worship. What’s your 1st response when things go right or wrong?

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.

“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.”
‭‭Deuteronomy28:12NLT‬‬
http://bible.com/116/deu.28.12.nlt
‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬

I believe in your journey to….

A Debt Free Me

Here’s this month’s video: THROUGH HARD TIMES – Powerful Motivational Video 2017 | PART I from the Motversity YouTube channel.

Posted in Debt Free Me

Month End: April Snapshot


Honestly this month has been a month of miracles. I honestly believe because my wife and I honored God at the beginning of the year that He has put favor on our year so far. My wife did get approved for her personal line of credit, so she was able to consolidate down some of her debt. I could do a balance transfer, which is why you see my balances go up for the month of April. Fortunately, I could pay off the Wells Fargo term loan, and my goal is to pay off the Prosper loan by the end of May. If everything goes as intended, then I will have an additional $650 per month in income. This additional income I can use to focus on reducing my debt at a faster rate, meeting any living expense needs, saving to invest, or saving in case of emergency. When you’re creating an emergency savings, save at least one month’s worth of income no more than three months’ worth of income.

Paying off your debts will give you a raise. You’ll begin to be able to realize how blessed you are as you break off the bondage of debt. You also won’t know how much you are losing to compound interest until you really look at the numbers. We didn’t make any sales in our organization; however, I sincerely believe in my team. I believe that once they slowly build momentum, it will change their lives for the better both financially and emotionally. Ask yourself. Are you trading dollars for time? I’m continuing to look for ways to be generous not with my finances but with my time, energy, efforts, and connections. I encourage you to look at the win-win scenario and looking at life through the lens of eternity and legacy. A win-win scenario is helping a friend of mine who was looking to sell a car, and another friend who was desperately needing a car. They were able to strike an agreement that worked for the both of them. Finally, my wife passed her test and is now licensed. This journey was four long years of blood, sweat, and tears. Honestly it was a miracle that she passed. There is a powerful momentum building this year.

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.

“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.”


‭‭Deuteronomy28:12NLT‬‬


http://bible.com/116/deu.28.12.nlt
‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬

I believe in your journey to….

A Debt Free Me

Here’s this month’s video: THE TRUE GRIND – 30 Minute Motivational Speech Compilation from the Motivation Archive YouTube channel.

Posted in Debt Free Me

Month End: December Snapshot


As 2016 ends, I’m thankful to have survived another day, month, and year. I think you can agree that this year has been filled with loss. Loss is a nature of life, but for me there is always hope in me. Hope of a new day, hope of a better future, and hope of a good ending. Earlier this year I started with $31,846.67 in total debt, and at the end of the year the debt has been reduced by $8,061.53. During the year, my debt did increase, but now at the end of the year the debt has been reduced. I guarantee you will have challenges, and your debt repayment plan may have to restructure, but at the end of the year, if your debt is lower than when it started then you are making progress.

I believe in your journey to a debt free me. It begins with one dollar at a time. Every dollar that comes into your account you can control. I suggest following my process to help you in your debt repayment plan. My process will help you not only create a budget but ultimately teach you how much comes out, and even more importantly when it comes out. At the end of this year, I added to income producing assets in the form of two businesses. My fiancé and I had fun growing our business, and at the end of the year I could bring two associates one for my business and one for her business. Thank you for being a part of my journey this year, and next year brings a new chapter in my life as I prepare to marry the love of my life. In the new year, I’m preparing to be even more aggressive with my debt reduction, increase income through my assets, and lower expenses where I can. I’m excited to see what the new year will bring. Also, I’m to be adding videos each month so be sure to scroll to the bottom.

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

Here’s this month’s video

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: September Snapshot


This month, I was able to reduce the credit card debt, and I continue to make the scheduled payments to the term loans on time without issue. If you’ve consolidated your debt into a loan that is set to pay off, continue to make your payments on time. It’s important in general to make your payments on time, because missing payments will affect your credit score. If your payment due date isn’t in line with your cash flow for the month, it’s important to contact your credit card company or lender as soon as possible to see if they can change the payment due date. Changing the payment due date may require signing new loan documents or verbally agreeing to the change, but it’s important to contact your creditors as soon as possible if you are faced with a life event that can affect payments to them. I don’t recommend ignoring or avoiding the situation. The worst-case scenario is you can have liens and or judgements placed against you. If you find that your fixed expenses are more than 50% of your take home pay you are at risk to losing your assets. To clarify fixed expenses are rent/mortgage payments, utilities, insurance, subscriptions, phone payments, and any other monthly reoccurring transactions. These payments should not be greater than 50%, because it gives you no room to save money and reduce your debt. For example, if you make a $1,000 a month and your fixed expenses is $600 per month then you are at risk, simply because if you have any type of emergency you may have to borrow to cover the emergency. If your fixed expenses are greater than 50% you are more likely to stay in debt. Personally, I continue to do my plan of reducing debt and increasing income. I may use a balance transfer option to take advantage of the promotional balance transfer rate to continue to accelerate my debt reduction. Next month, I’ll discuss three strategies you can use to reduce debt.

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

Vision 2016: Grow in three areas

For 2016, I’ve discussed with my fiancée to grow in three areas. The last time I got out of debt, I was so focused on debt that I forgot two valuable factors: lost time and missed opportunity. I didn’t save while I was getting out of debt, nor did I look for opportunities to create passive income producing assets.

This time, I trust is going to be different, because of two important people in my life: my God and my future wife. All of this current I owe to Him and her being a part of my life. It’s a truth I’m thankful for more and more every day. I encourage you to save what money you can save and look for income producing assets too. If you don’t build a strong foundation during the storms of life, then you won’t be prepared when the storms do hit. Here’s are three areas we’re focusing on:

  1. Bless others
  2. Invest money into passive income generating assets
  3. Pay down consumer debt

In the next posts, I’ll explain the process I’m using as I’m journeying to a debt free me. If you have any questions, or need a financial check-up, contact me.

Where there is no vision, the people perish:
but he that keepeth the law, happy is he. Proverbs 29:18 Authorized (King James) Version (AKJV)

I believe in your journey to….

A Debt Free Me


Posted in Debt Free Me

Month End : September Snapshot

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

I talked with my fiancé and she agreed with my debt reduction strategy; so, I’ve decided to focus on paying off the Barclay’s card and then move on to just having the Wells Fargo Line of Credit and the Capital One credit card to focus on. I used a balance transfer to completely pay off the TD Ameritrade card, so I can focus my payments between three revolving debts vs. four. I still use credit, but I only charge enough that I pay off within 30 days of making a purchase. It’s important to still use credit when you need it to stretch your cash flow for the month. However, if you can’t pay the balance off within sixty days, then you don’t need it. Revolving lines of credit are meant to cushion cash flow and increase time, not cover day to day expenses.

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