Over the past 2 1/2 years, I have made multiple posts on various social media sites regarding how much debt I’ve eliminated and the other day I made another one. I know how unbelievable it is for someone to eliminate over $137,000 of debt because honestly it’s hard to believe it myself. The higher the number goes, the more unbelievable it becomes, to others AND myself. I think the reason is because most people don’t know it’s possible to become debt free. For most people, by the time they pay off or come close to paying off their car, they’re having to take out a loan for another one, take out a second mortgage on their home, secure a mortgage on a new home, while still paying off credit cards and student loans among many other creditors.
So because I realize most people can’t believe it, I decided to show everyone just how true it is. I scanned in letters from financial institutions and took screenshots from credit card accounts (THANK GOD our credit card debt is GONE!) A few things that aren’t shown here are the over $7,000 of a veterinary bill I had from when Jackson went to the vet hospital and tried to die on me, hundreds of dollars in outstanding medical bills from my knee surgery, and payments made on my Jeep.
Before you say… “how did this guy have so much debt!?” I’ll tell you. When you go to private undergrad and private law school, the student loans add up fast. Then when I had to start paying them back and the minimum payments consumed a large majority of my paycheck every month, I felt like I had no other option at the time except to use a credit card just to put food on my table and gas in my car. So that’s how… not to mention we were not allowed to work my first year of law school.
I understand that not everyone has had as much debt as I did, even for those that own a home. I also understand that earning extra income to be able to do what I’m about to show you below may not be for everyone… BUT what if it is for you?
Let’s start with this personal bank loan:
While going through some mail I found this letter regarding paying the balance of my personal loan IN FULL! WHAT WHAT!!!? #refreshing Thanks “June Pridmore” and yes, I bet you do “hope to have the opportunity to serve me again in the future.” Thanks but no thanks sista!
Next, I have a Discover student loan that I eliminated back in early 2014 before our wedding. That’s right, PAYMENT IN FULL!
Citibank received the same treatment from me: less interest for them! Sorry, but not sorry!
Here was the largest credit card I had to eliminate. My Discover card was out of control and by far had the highest balance out of all of my cards. Checkout that $0.00 balance! Looks pretty sweet, huh!? We also used a bunch of that “Cash back bonus” to go toward our debt. 😉
And here was Mariah’s Discover card that we eliminated right after we returned from our honeymoon to Greenbrier. Again… $0.00 balance and it’ll stay like that. Just about emptied that cash back balance on this one too.
Next we have my Chase credit card. This was the second credit card I had because I signed up for a free t-shirt or a Hungry Howie’s pizza or something like that on my college campus. By the way, there are now laws restricting these credit card vultures that prey on very impressionable college kids from doing that anymore. Current balance on this one? You guessed it… ZERO!
Next we have my very first credit card secured in the same manner as the one above. What can I say? Here I am, a freshman in college with basically no limits except for things that required money. Credit cards helped me erase that limit too. Glad that I got that one at $0.00 balance.
This was a fun one to eliminate. Not only did I eliminate the balance, but I was left with thousands of miles that I could cash in for gift cards or free flights. 🙂 That’s all fine and dandy, but I’d rather pay for my flights instead of going into massive debt to have them awarded to me.
NOW HERE COMES THE DECISION POINT:
If you have significant or even minimal debt from a mortgage, car payment, credit cards, student loans, personal loans, etc. – what you just saw above can be YOU! It’s not magic. It’s not luck. All it took was an incredible opportunity and a willingness to be completely free of debt! Remember, “opportunity does not make appointments. You have to be ready when it arrives.” I have my hands on the most incredible opportunity I’ve ever seen. Do you?