Get out of debt. That’s what we all want. Becoming debt free.
When I began this debt free journey, I started making so many changes to my life. I started reviewing my credit card purchases. I went back and looked at my old credit card receipts. It was time to be debt free.
- To save money and pay off debt
- I closed my storage locker.
- I switched to a less expensive gym and saved money on my Satellite radio.
- I made some extra money when I sold a bunch of my stuff on Ebay.
- I reviewed my credit card purchases from 2016. And I started taking control of my money.
That was the process towards financial independence. And you can do it too! I reviewed my credit card spending and cut back on every purchase I wasn’t getting maximum value from. I cut out dumb spending. And each month I would be able to save and invest much more of my money. It was time to take control of my finances.
Debt Free Results: My bank account balance was growing steadily into April. And then on April 15th, my bank account went flat. All gone. I had to pay my taxes and it was very discouraging.
But here’s the thing. I wasn’t discouraged because I knew the process of becoming financially free was working. My bank account showed little in the way of results. Yet, I knew that the process was working and I would accumulate more money in my bank account over the next few months.
This will set me on the path to becoming debt free and retire early. But, there is a lot of work to do.
My setback was caused by taxes. But everyone has financial setbacks in this process. It could be a healthcare issue, buying glasses, an unexpected trip, family emergency, or taxes. Setbacks are part of life. That’s why you need a buffer and emergency fund.
Focus on the process to become debt free. Once you’ve begun to make these changes, the process will create results. You’ll begin to see results and will be able to envision the day when you are debt free or able to retire early.
But in the beginning, focus on the process. That’s how you will get results.
And Keep Going!