Sunday, February 23, 2014

You Can't be Financially Independent in Debt

So I was thinking the other day how fast I would be able to pay off my debt . I knew that the only way I'd be able to be financially independent is that I paid off each and every loan it's not something I'm proud of but I am in debt and the only way that I'm coming out of it is by hard work and making each and every payment till they're gone.

I have a student loan that's with Discover(bought from Citibank aka the Satan of banks) and this loan is keeping me from being $250 closer to financial independence . The loan is $250 a month that means that every single f****** month, I have to pay the bill they charge me interest,they even send me a statement and I open it and read over the numbers and usually it's depressing.

As previously mentioned this is my old Citibank student loan, I used this for extra money to go to the university of Syracuse, because I wanted to study abroad. This is my pain for living in small mansion in London, getting on a plane to go see how many countries, spring break in Spain, this is a private tuition to Syracuse this is even get in including a $5000 scholarship that barely even put a dent in it. But it's not a that I didn't have a great experience or meet some great people, this is the extra holding me back of getting rid of debt, I am to $250 month closer to never having to pay a single payment ever again to Discover/Citibank, what a powerful statement, what a great feeling. Who knew that paying off debt or the anticipation of paying off debt would be so exciting, must be because I am that closer to financial independence.

I think about my money all time whether it's my job salary, investments, paying off loans, credit cards, cash, I really do think about it all the time. I think you have to, I believe if you want to excel at something you have to obsess over it, always be working towards your goal. If you have read the blog over time you have seen that consistency is one of the things I struggle with and my strategy of defeating this is not making this a marathon, but making each part of my life a sprint and then relax. During that sprint, I'm intense I have a goal, I have a destination that I am climbing towards. You have to want it, simple as that. I go through phases with music and listening to different items, well a while back I couldn't' get enough of motivation videos, they are great for when you are pursuing something and you want a boost.

I think that's where I'm at, I really think that I'm come to the point where I I'll do whatever it takes to get rid of debt and get closer to financial independence, closer to Warren Buffett and that's why I write about this stuff Finance Fitness and Dreams.

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