This is us

I thought with all the new followers, it’s a good time to re-introduce the magic behind mysemibasiclife (you read that right..I totally referred to myself as the magic). To celebrate, my daughter humored me with a photo shoot, and my favorite was one of the bloopers. 😜

Sometimes life is more about what happens behind the scenes, between the “perfect” pictures, when you’re trying to pose and get the best lighting, hide that lazy eye, those wrinkles and those frizzy grey hairs. She captured all of these things, all of my imperfections, including crows feet I didn’t even know were there. How fitting to show my imperfections to all of you who have been following along on my imperfect journey to financial freedom. This is me..always laughing at my own jokes, never taking things too seriously, currently staring off into space like only a true dreamer can do. 🤷‍♀️

This is the entire family that puts up with my latest crazy schemes, understands the bigger picture behind those crazy schemes, sometimes appreciates my hilariously witty comments and penny pinching ways, and packs in the car with me for that fifth trip to the library in a two day period. 😂

You weren’t there for the early years, the dark debt days 😬 where we were living beyond our means and got ourselves into a financial spot where all of our paychecks were going towards debt. But you have now followed along as we ditched the debt, got rid of car payments and paid our last student loan off, which puts us at a grand total of $165,000 in consumer debt paid off!! You’re following as I am feeling weak, but holding strong and halfway through my #nospendyear. You followed along as we bought our first rental property and are following along now as we now search for the next one. 👀

We are excited to continue sharing our life after debt journey, including our ever changing goals, working on growing our net worth, celebrating the success, overcoming the setbacks, and the blood, sweat and tears along the way as we define what financial independence looks like for our family. 🔥

Enough about us though..I want to hear from you..what’s your story? What topics that I’ve covered have helped or would help you along your journey?

What questions do you have for me?

👇🏼👇🏼👇🏼👇🏼

Advertisements

Be a Goal Getter

I don’t care who you are..you need goals. Think of the old cliche saying that totally applies here..how are you supposed to get where you’re meant to go if you don’t know where that is? I firmly believe that if you take everything else out of the equation, mindset and goals are the biggest drivers of if you will or won’t do something. It also doesn’t matter if you’re on a different path than me and think I’m crazy for my recent FIRE movement 🔥, you still need goals and the right mindset for whatever your movement is, whether financial, personal, professional, relationships or health related.

Don’t be a flake and say something vague like “I want to pay off my debt” or “I want to lose some weight”. If that’s your goal, then you may as well replace it with “I don’t want to accomplish anything ever” and just get excited about carrying around those extra 15 lbs and all that consumer debt for the rest of your life. We wouldn’t have paid off all of our debt and bought our first rental by being flaky..period.

Instead, set yourself some SMART goals for whatever you are trying to achieve. Stop and brainstorm your life, past present and future state. I know everyone is “busy”, but sometimes you have to make it a priority to stop and reflect. Think about tomorrow, end of the year, two years from now, and maybe even think even farther, like 5-10 years from now. With us being halfway through 2019, it’s also a good time to look back on the past six months. What do you see? Do you like what you see? What will happen if you continue the way you are? Will you get where you want to go?

After you think about your path and your big picture, which will be different for all of us, think about 3-5 micro goals over the next 6 months that will help you get that much closer to your big goal. Get all high tech and write them on a post it and put them on your fridge…where you see them every day. 👀 (bonus points if they fall off all the time so you have to look at them even more when you pick them up off the floor)

As you can see, I have crossed out and updated a few of mine when my priorities shifted and opportunities came my way that altered my original timeline. Be ready to adjust as life comes at you, but even when things don’t go as planned, don’t ever give up. Remember to set your goals high enough to push you while making sure they are also attainable with some focus and hard work.

Don’t forget to stop and celebrate your successes as you hit your goals. Then make sure you continue to set new micro goals to get you that much closer to where you want to be! We need to think bigger and get some new goals since we’ve already paid off the student loans, currently looking for our second rental and also pretty sure we have increased our net worth by $25k just in the past few months. So I’m curious..what are some goals you have crushed and what are some that didn’t go so well?

$113,108.34 The true cost of our education

In the above picture from eleven years ago, I see a couple of crazy kids having fun at Mardi Gras without a care in the world. This was pre-marriage, pre-kids, pre debt-free lifestyle and pre-multiple bad hairstyles, including a year with bangs. 😬

The crazy kids above had been in the job force for several years, although I’m not really sure what Matt did then or what he does now even, but I had begun down the insurance career path. Along with entering the job force, I had adopted a lifestyle of debt and had been led to believe that’s just what people do, and student loans are just something you pay back for the rest of your life. So we had around $50k combined student loans and our “almost degrees” to show for it, meaning we each had enough credits to qualify for a bachelors, but didn’t actually have a bachelors degree to show for it. 🤦‍♀️

Matt had been at least paying the minimum on his loans..I was too busy saying I couldn’t afford my monthly payments, yet I could eat out and go party all the time wearing new clothes and driving a new car. 🤦‍♀️🤦‍♀️

Things changed shortly after the above pic when we found out we were pregnant with our daughter. We both made the choice to go back to school and get those degrees wrapped up. We paid cash for my last few classes, which I finished up online, while working full time and having a baby at home. It was tough with Matt also working full time and taking night classes three days a week. 😴 👶 🍼

We weren’t paying on our loans during this time, or the interest that was just stacking up on those already high principal balances. To top it off, Matt’s new career change into a Computer Science degree from a for profit university added another $40k to our already giant mountain of student loan debt. 🤦‍♀️

Fast forward to about six years ago, when we finally started paying the minimum monthly amount on our loans (only because we had to get them out of forbearance). So if your name was Sallie Mae, Mohela, Nelnet, Fedloans, etc., you were on our payroll for the past six years. The amount we were paying in minimums was around $1500 a month, which was more than our mortgage at the time. 😬💸💸💸

I often wonder what else that money could have been doing..for us, for investing, for our kids, for donating, for the economy, etc. It would probably make me sick to run any actual math on what we missed out on not investing the money, and how much total we paid in interest. 🤢

We decided to get serious and use the debt snowball method, and continued throwing every extra penny we had towards them. I skipped eating out, meal prepped, bought used clothes, and budgeted like a badass. It felt like the slowest process, and that we would NEVER pay them off. Some of these loans had 6% interest, so a lot of times I was barely even touching the balance when I made a payment. 🙄

We set a goal of being debt free by August 2019, because that’s when my son would be starting Kindergarten. It was always a big goal, and even through each of the setbacks, I knew we would just have to adjust and keep going. I would like to say there was some big secret program we used, but we literally just made a goal and made the necessary sacrifices on a consistent basis to crush it. I can’t even say how good it feels to finally write this post, and even ahead of our goal. 🎉😎 👩🏼‍🎓 👨‍🎓