Start the New Year Off Right
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2016 has been a ball buster of a year. It’s flown by and is quickly coming to an end. I want to help you kick off 2017 with a bang.
What better way to kick start the year than with kicking some debt to the curb? I know that debt repayment is not always a priority during the holidays and you can sometimes have a financial hangover come January. Consider this debt challenge a hangover cure. Here are the details:
What:
A six-week challenge to pay off $1k of your debt.
When:
Jan. 1, 2017 – Feb. 12, 2017
Where:
Online, throughout the challenge, you’ll get emails from me to help you stay motivated and focused. You’ll also get access to a private Facebook group. Where members of the challenge can get support from others also working to pay off the debt.
Why the Challenge:
Debt sucks, and when you have a lot of it, it can be easy to lose focus. It is too easy to believe the debt is never going to go away. Easy to believe that you make too little to make a dent in your debt. I know this feeling well.
With over $200k in student loan debt, not to mention a car loan, it is a ridiculous amount. $200k for which I alone am responsible. I make just north of $60k a year before taxes which is a decent amount of money, but not compared to my level of debt. See I have what is referred to as a bad debt to income ratio. Some days I wonder why I bother to focus so much on paying off my debt, it will take years.
The thing is I’m determined to make it happen, even if it does take years. Why? Because my debt costs me more than money. My Debt costs me future income, financial security, and occasionally some sleep at night. I will never fully have control of my life and my choices until I’m debt free, so I will keep working hard to be debt free.
Even with focus and hard work, debt payoff slumps happen where I just don’t put as much toward my debt as I wanted or planned. Other times I’m able to kick it into high gear and pay off large amounts, this challenge is here to help both you and me kick it into high gear. We are each going to pay off $1k of our debt in 6 weeks.
Why $1,000
It is great to see that debt number go down for every hundred, but it’s damn exciting when I turn the “thousands” number back. $1,000 will have a big impact, is motivating, and challenging. I know $1,000 sounds like a lot, but over six weeks it is just $23.81 per day. With a little extra hustle, it can be done. Even if at the end of the challenge you don’t hit the $1k mark, getting close will still put a huge dent in your debt.
The challenge is closed right now, but keep an eye out for the next challenge.
