Debt Freedom: Fun begins with “F”

Our Debt Freedom Journey - Today is F day!

Debt Freedom Series: The Celebration Begins

Once upon a time I (John) got myself into some pretty serious debt.
$65,000 to be approximately exact.

So when I went to get married and my future father in law challenged me to get out of debt in less than 5 years I was overwhelmed. Of course, marrying Lee Anne has been the best thing for me, learning how to handle money.

This is a series about the last steps towards our Debt Freedom, each time we fill in a letter we get closer to…

“FREE AT LAST!!!”

Today we begin with F. Getting to fill in the first letter after Lee Anne made this banner was AMAZING, just a few years ago I was paying and paying without making any progress on my debt freedom journey and now? So much progress we can count the months on our fingers (and a couple toes). One of the biggest parts of paying off debt is reminding yourself that this won’t last forever, you can be debt free and you can change your lifestyle to enjoy financial freedom so you will never be burdened with debt again.

DON’T GIVE UP

Fun Fact: We started with much debt and little time, but now debt freedom is going to be closer to 3 years!
Fun Fact: It took 5 years to get a BS college degree for a career I didn’t/don’t plan to have.
Fun Fact: We have begun living simply and enjoying more of the less we have.

Our Debt Freedom Journey - Today is F day!
Look at the beautiful F - each letter is $1000 closer to Debt Freedom!

Today is day F of our debt freedom journey. Soak up the fun and freedom!

Enjoy this video we made to celebrate

 

Debt Challenge

When going to ask for Lee Anne’s hand in marriage, my now father-in-law gave me a challenge that has changed our marriage and my financial life forever.

His challenge? Make a plan, work the corporate job, become DEBT FREE. In 5 years or less.

Now, if you know me well you might know that I hate thinking about, learning about or taking time to plan for my own financial life. This doesn’t mean I don’t spend money, but it does mean that one year after college I had amassed around $65,000 in debt.

My eating habits,
choice of school,
choice of car,
choice of apartment,
a broken engagement
and random movie/music purchases
put me in a very bad place.

Ok not all bad, but moving back with my parents because I had to wasn’t my idea of growing up.

So now Lee Anne and I are coming up on 2 years of marriage and we have made amazing progress, Jesus has taught both of us (me, more) about using His money wisely. We have become more generous and free from the consumerism with which we were once consumed.

And the most of time I have had a job that allowed me to be home, a lot.

But in conversations about the 12ish months we have left before we are debt free I still am looking for ways to get out of my job faster. Less than 3 years from when we started and sometimes it feels like it has been FOREVER.

Let’s compare FOREVER with the time I have had without debt:
18 years – created fewer than 5 short films and wasted so much time doing useless things
6 years – Went to college and spent most of my time doing useless things while having access to AMAZING people and resources

So I am reminded that although a year might seem like a lifetime…. very soon I will be faced with a bigger challenge: what will I do with my energy and time when we are debt free?

Starting with this post, we are going to share our debt freedom journey as we take the last steps…