Going back to October 8, 2014, I found myself with a brand new job and side hustle with $8,377 in credit card debt including $2,102 owed to the IRS for my 2013 taxes.  I had just moved back home and into my parents basement.

*Debt payoff notes*

Going back even a few months earlier, I was feeling completely lost in life.  I had just started and quit a job that I only had for the month of July, in 2014.  Before that, I was on a poker downswing and pretty much busto, but more importantly, I wasn’t happy with what I was doing with my life.  I hated the job I had just quit I felt that I had let myself, my family, and my friends down.

But fortunately, I had a job interview back home, received an offer, packed my things up and headed home and started my job the next Monday, September 22, 2014.  Ironically, if I recall correctly, I don’t think I even applied for the job I received because I remember getting an email telling me I didn’t get the job.  But, thank God, they thought another position would fit me better, so I was very caught off guard when I received a phone call asking to setup an interview.  I still thank God everyday for my job.

Even though I started out taking a 50% paycut from the job I hated, I was 100 times happier being back home with a job that I didn’t hate at all.  I have nothing bad to say about any of the people I work with and I never dread going to work.

So how did I pay off all of this debt in one year, interest free, after taking a 50% pay cut?

1.  I did a credit card balance transfer with 0% APR for one year
2.  I started a side hustle
3.  Oh…. and did I mention I moved back in with my parents when I was 28 years old?

This proves that making a lot of money doesn’t make you happy.  I have come so far these last three years and can’t wait to share my journey with you to financial independence.

  1.  The average credit card APR is around 15.74%, that’s a lot!  Having high balances along with a high APR is a money pit.  Find a  credit card that offers you a balance transfer offer with a 0% interest rate for a period of time.  If you’re having a hard time deciding which option to use, check out my balance transfer options spreadsheet.
  2. I got another job on the weekends that I worked for about 1 year.  It was a sacrifice of time, but it was well worth it in the end.  I built up my saving and paid off all of my debt.  It’s such a great feeling.  Balancing your jobs with your personal time is very key to your happiness.   Would you rather be miserable and have no debt, or be happy and have some debt?  You’re the only one that can answer that question and decide on how to balance your life.
  3. Yes, I moved back in with my parents with the intentions of buying a house or renting a place in the near future.  Well, little did I know how long that process would take!  I looked and looked for houses and in the mean time I met and fell in love with my best friend.  We found a house we both liked and she moved into it on July 22, 2016 and exactly one year later we got married and I moved in with her.

Remembering how I felt 3 years ago, I never would have dreamt I’d be where I am today.  That’s why you need to start putting yourself in a position that makes YOU happy, right NOW!  Managing your time is just as important as managing your finances.  You’ll find that once you start controlling what you spend, you’ll have more time to do the things make YOU happy!  So join me these last 3 months of the year and start tracking your spending and seeing an increase in your net worth by joining the 2017 4Q Net Worth Challenge with me!