My goal was to be debt free by April 2009, but I beat my own goal! Today I just sent off my very last debt payment of $2,420.68 to the last credit card I will ever have. Good bye American Express!
I did not think i’d be THIS excited, but I feel like I just got let out of prison. No more will the chains of debt be wrapped around my ankles.
Getting out of debt has been my sole focus for the past 21 months. I am very excited to say that I did it! I am finally debt free!
I cannot even begin to describe how different I feel now. It is like a big boulder has been lifted off my shoulders.
It all started in May 2007 when I decided it was time to do something about my debt. I did not know much of anything about internet marketing.
I decided that if I put my goal “out there” to the world that somehow I would meet it. I started my blog here.
At first I was involved in Get Paid To programs, but switched over to blogging and niche websites for more passive income.
I literally worked my behind off working 12 – 18 hour days 6 or 7 days a week. I was determined that I would meet my goal even if it killed me.
My family and friends thought I was crazy. They told me to file for bankruptcy and that I needed to get a “real” job. It just made me work harder and longer.
Blogging is NOT the quickest way to paying off debt. I could have done more things for active income along the way that could have increased my cash flow considerably, but I had a bigger picture in mind…
I wanted to eventually be able to get to a point that I would have enough passive income that it would in effect be a “retirement” for me. So instead of making a few hundred here or there in active income I was fine building up my passive income by small increments because I knew it was long lasting.
So now I am debt free AND I have passive income to boot! Not to mention a great portfolio of virtual real estate if I ever needed to sell them.
So what is the point of all my ramblings?
1. Set a financial goal and focus on it with great intensity. Don’t give up even when things get hard.
2. Build up some passive income that will bring you in money day after day long after the work is completed.
3. You CAN become debt free!