The Debt Free Journey Slowdown

As of today, June 21, 2018, I am $238,038.25 in debt. Just shoot me now. (I started this journey at almost $400k) I carry my debt with me like most people carry their new baby. It’s always there. I’m always thinking about it. I’m always talking about it! And, unlike your new baby, I’m always thinking of how to get rid of it ASAP!

Recently I’ve a hit a wall. A big, massive, 100 foot tall, brick wall. Business has been slow and my debt payoff journey has slowed dramatically. Dramatically! And it’s making me anxious. It’s making me question everything that I’m doing, because clearly I’m doing everything wrong. Or am I?

I am a firm believer in you get what you give and your mindset determines your outcome. And every other kooky saying that implies that you need to foresee your success in order to be successful. My mindset has not been set on success. It has been consumed with worry, doubt, anxiousness, and regret. Exactly the opposite of everything that I believe in.

Then yesterday I had my aha moment. The moment where I finally realized that I was self-sabotaging and I needed to quit. ASAP. So here are a few things I’m doing to get through the depressing parts of trying to pay off a massive amount of debt.

Remember that life, and the debt free journey, is a marathon, not a sprint.

This is so hard for me! Maybe it’s because in my head I am planning a huge vacation once my debt is paid off and I’m just anxious for it to get here. Trying to pay off 6 figures of debt is not going to happen over night. Be patient and keep chipping away. Two steps forward and one step back is still one step forward.

Take a deep breath, and then move on.

Am I the only one that takes for granted the power of a deep breath? Sometimes I can actually feel how shallow I am breathing when I start to get stressed. Take a good long deep breath, and move on. The stressful situation will work itself out. It always does.

Work harder

Nobody is harder on me than me. I am my biggest critic because I don’t know anybody around me that would kick my ass into gear better than I can. I will admit, summer started and I slacked off. It’s so easy to when there is finally nice weather in Nebraska! But I’m paying for that now and it’s time to work 3x harder than before.

Evaluate my situation and see if anything can be tweaked.

I overpay on a few of my loans that I want payed off immediately. Well this month has been tight, so I switched a few loan payments back to the minimum until money picks back up again. As long as the minimums are being paid, you're on the right track. 

Paying off your debt is strategic. You have to have a plan, and sometimes that plan has to get tweaked. 

Work Harder

I know that this is on here twice but it is the most important element of paying off debt. In order to receive more money, you have to put out more work. You get what you give. Just when you thought you’ve worked hard enough, give another 10 minutes.

Above all else, just don’t give up and remember that you’re not alone. There are so many people on this journey with you and me. The debt won’t be here forever. One day you’ll look back at how stressed you were and laugh. Now I’ve got to get back to work!

What helps you get through the tough times while paying off debt? Let me know in the comments! 

Debt Free Journey slowdown