Born and raised in Pennsylvania, I moved to Denver CO in 1999 shortly after graduating from Bloomsburg University. My original motivation for moving to Colorado was snowboarding the great Rocky Mountains. During this time, I acquired the majority of my debt. My income was okay, but outflow was horrible. I simply lived beyond my means and it eventually caught up with me.After a year of play, I landed a job at a Fortune 500 financial services firm as a customer service representative. Over the years, I acquired a number of industry licenses and dabbled in trading, advice, sales, compliance and business strategy. My income was better, but I still lived beyond my means while I attempted to take tiny bites out of my debt.Despite having had thirteen years of combined experience working in financial services between my partner, David Auten, and me, we were financial messes. We realized in 2004 that we needed to do something about our financial situation. We were two thirty-something professionals with $51,000 of combined credit card debt, living in a basement apartment. After reaching our rock-bottom, we made the decision to not continue on the road we had been for so long. Now we're out of debt and use our blog (www.DebtFreeGuys.com) and our books to help others becoming #MoneyConscious and financially independent.I now have fourteen years of experience in financial services in both retail and institutional investing. I have my Master's Degree in Business Administration and am Series 7, 63, 9, 10, 66 and 24 licensed. David and I have now published three eBooks in our #MoneyConscious Series and have a fourth, hard copy book scheduled for release towards the end of 2014 and another eBook in early 2015.The mission of the Debt Guys is to help everyone become #MoneyConscious resulting in eliminating their debt, living a debt free life and empowering them to achieve financial success by virtue of the universal principles discovered by us through our own financial mistakes, victories and professional training.Emails us, visit our blog or connect with us on Facebook, Twitter, Google+ or Pinterest to help yourself be #MoneyConscious and achieve financial independence.
Being buried in debt can be extremely stressful, especially if debt collectors are blowing up your phone “like [it] is a disaster”. Often, we do not know how or why we got into this situation.
Meditate on how you got into your predicament. If it was not due to an unexpected emergency, look internally to find out why you consumed so much debt so you do not repeat your mistakes.
Regardless of how you acquired your debt, here are five suggestions to get rid of it. There are many ways to get out of debt and many online lists that tell you how to do so. These are five of the most efficient ways of which we are aware.
On Wednesday, we posted “10 Good Things about Today’s Economy” to prove to ourselves that, yes, there are good economic indicators actually in existence. This proved to be almost as challenging a task as the Russians had trying to beat the U.S. Olympic Hockey team. Sorry, Vlad.
“Once you replace negative thoughts with positive ones, you’ll start having positive results.” – Willie Nelson
If anyone knows how to stay high on life it’s Willie Nelson.
With that said, so much negative economic news has been released over the last couple of weeks opening the paper is like a prelude to The Dr. Phil Show. We can understand why people want to bury their heads in the sand.
Using our infinite optimism, we searched for ten positive economic indicators to spread positivity.
This is the final article in our financial planing trilogy. Last week we discussed long-term and short-term financial planning, or the rocks and pebbles in your jar of priorities. Today we will discuss daily financial planning, or the sand in your jar.
After The Bronco’s miserable loss last night, today is hard for The Debt Free Guys. For two weeks, we anticipated Super Bowl Sunday. Our whole day yesterday was about preparing for the big game. We did our grocery shopping early before most people woke up and before church let out. We cleaned our condo and prepared our food for the week and, then, prepared our snacks for the game.
As some of you may know, today starts our second week of doing The Conscious Cleanse. Therefore, our snacks yesterday couldn’t be our typical football fare. We needed organic, non-processed, vegetable and fruit based snacks. We made lemon and salt kale chips, cumin kale chips, cumin carrot sticks, cucumber hummus and garlic hummus, crudités and a fruit salad. We’re sure many are aghast at our spread of food, but everything was tasty, healthy and allowed us to continue into our second week of a two-week cleanse.
Our point is that we were ready for a good game. Of course, we hoped for a win. We, also, knew that The Seahawks are good and we, at least, expected an exciting game. As we all know now, that was not the case. This is too bad for The Denver Broncos. Congratulations to The Seattle Seahawks.
Between last month’s polar vortex and this month’s ongoing snow storm, many parents are feeling the stress of having their children home from school day in and day out. By now, kids are getting tired of playing in the snow because it’s no longer a novelty. Mom, Dad and the babysitter have run out of ideas to keep kids busy other than watching mind numbing TV or playing borderline inappropriate video games. It’s understandable. After hearing screaming kids for four straight days, Grand Theft Auto doesn’t sound so bad.
With kids missing so many days of school, when will they learn anything? What will happen to their brains with so many breaks from school?
We’re taking a consolidated approach with our aggregate articles to help our readers be money conscious. We strongly believe that it’s in everyone’s best interest to be aware of what is going on in the economy and the markets around them regardless of whether you invest in stocks or not or whether you’re an attorney or a fashion designer. What’s going on in the financial world has a direct impact on your job and career, your loans, the things you buy and more.
Contrary to what someone suggested earlier this week, we’re not “market-timers”. We don’t believe or suggest that you can predict the best time is to buy or sell a stock, home or car. It’s impossible. What is possible is to be aware, to be conscious of how the current environment affects you. Granted, if you must to buy a house, buy a house. We just think it’s in your best interest to be educated about the housing market so you know what you’re getting into and you have leverage to negotiate a good deal. If you can’t get a good deal, you’ll know when to walk away.
The French writer and poet Antoine Marie Jean-Baptiste Roger said, “A goal without a plan is a wish.” Aside from not knowing who that guy is, he had a point. Without a plan for achieving your goals, you will only accomplish them through pure luck if you accomplish them at all. This is an arbitrary strategy. With the tepid economy, high unemployment and increased costs for everything competing for your hard-earned dollars, not having a plan can guarantee financial failure and that sucks.
If you were as optimistic as Bastille and still riding a high from 2013’s modest economic gains, you’re likely questioning your 2014 outlook after this week.
Continuing with our rocks, pebbles and sand analogy from Monday, today we will discuss your pebbles or short-term financial goals and how they relate to your long-term goals. Just as Mariah Carey supports Nick Cannon, your short-term financial goals support your long-term financial goals.