The Grass is Always Greener on the Other Side of Debt

by David Bakke

grassLooking back on things, I basically categorize my life into two main sections-BD and AD.  Before debt and After Debt.

When I was in debt, I managed to motivate myself to get out of debt by using simple logic.  I knew that if I didn’t do something about my financial situation, that I would struggle with my finances for the rest of my life.  I also knew that if I fixed my finances, there would be a tremendous strain lifted off of my shoulders.

I knew I would have more freedom to do the things that I wanted to do, but I never really knew what that feeling was going to be like

I wish I could have gotten a little taste of it back then…

 

I guess what I am trying to say is that if I knew how many doors of opportunity would be opened up to me once I solved all of my debts, then I would have motivated myself to get debt-free much quicker then I was able to.

It is a shame that the “non-debt” people couldn’t invite the “debt people” over to their side of the fence just to sit down and have a chat. I bet the “debt people” would really see the light.

They would see that by being out of debt, you obviously create more income for yourself (i.e. no money paid in interest and fees, etc).  They would see that you save yourself money through lower interest rates on just about everything.

They would also see the other opportunities that come your way in the ability to MAKE money from your credit cards.  By signing up for a credit card with a cash back option, you can get your credit cards to actually generate income for you, rather than costing you money.

They would also get a true sense of the phrase “stress free financial living“.  Although living on this side of debt does not have its challenges, it is nothing compared to the monthly strain of waiting till payday so you can pay your bills at the last minute, always running behind on things, etc.

I really wish I had gotten the opportunity to just spend a few minutes on the right side of debt way back then.  It would have been exactly the kick in the pants that I needed to do something about my financial woes much earlier.

If you are less than thrilled with your state of financial affairs at this point in time, why not sit down and talk with someone who is?  Better yet, talk with someone who used to be in your shoes that is not any longer.

I can guarantee you that they will have a wonderful story to tell.  They will be able to see things through your eyes, but they will also be able to explain to you how much more fun life in general is without all of the constant  worrying and stress that comes with living in debt.

As always, your comments and suggestions are appreciated below.

{ 6 comments }

1 Forest April 17, 2010 at 12:37 pm

I have been in debt for a long time but am in a debt management plan now… Although not out of debt it’s a closer taste as I have one managed monthly payment and no interest…. The grass is much greener here and I imagine it’s dayglo green on the debt free side!

Thanks for the inspiration.
.-= Forest´s last blog ..A Helping Hand For Fellow Yakezie Members =-.

2 DarkRydz April 17, 2010 at 8:34 pm

You know – it would be great if non-debt people could have a sit-down with the debt people, but I’ve found that people generally won’t listen until they are ready too. For many, that means being in way over their head. It really all depends on their level of discomfort.

Fortunately for me, I have a pretty low threshold for pain but I still didn’t start saving and getting out of debt until just a few years ago. In the end – I’m glad I saw the light when I did because I was laid off back in January. Sure I would have been in even better shape had I started early (like when I was 18!), but at least I’m doing OK and not in any immediate fear of losing my house, car, etc.

What started it for me was a big staff meeting where we found out we wouldn’t be getting Christmas bonuses. I personally didn’t care. I’ve worked at plenty of places that didn’t give bonuses, but some people who had been in the company for years and years totally freaked. They had already spent the money! So I made up my mind I didn’t want to be one of those people.

Like my dad used to say:
Some people learn by reading.
Some people learn by listening
And the rest have to pee on the electric fence to see for themselves.

Fortunately, I’m in group one and two;-)
.-= DarkRydz´s last blog ..Yes – I’m Back =-.

3 David/Yourfinances101 April 17, 2010 at 11:08 pm

Forest,

Thanks for weighing in–I’m glad you’ve gotten yourself on track!
.-= David/Yourfinances101´s last blog ..The Grass is Always Greener on the Other Side of Debt =-.

4 David/Yourfinances101 April 17, 2010 at 11:09 pm

Dark Rydz:

That line from your Dad just kills me-hope you don’t mind if I use it myself.

Thanks for commenting!
.-= David/Yourfinances101´s last blog ..The Grass is Always Greener on the Other Side of Debt =-.

5 DarkRydz April 18, 2010 at 1:04 am

Please do;-)
.-= DarkRydz´s last blog ..Yes – I’m Back =-.

6 Forest April 19, 2010 at 12:04 pm

No probs, thanks 🙂
.-= Forest´s last blog ..Redbox DVD Rental May Freebie =-.

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