In Pursuit Of More: $69,937.11 Paid, $15,370.96 Till Payoff

And we know that in all things God works for the good of those who love him, who have been called according to his purpose. -Romans 8:28

I Tried To Take It Back…

So often I am tempted to get angry, sulk, and take revenge because of a wrong someone has done to me. I run from discomfort, but what if you and I were meant to endure hardships? Never in a thousand years would I have imagined saying the following in a conversation, “Debt repayment and budgeting is not about managing your money, it’s about managing your heart”.

WHAT? I wish I could take those words back, as my wife grinned from ear to ear in acknowledgment of what implications that truly had on our current way of life.  But it was too late.

I didn’t want to admit that despite my laser focus to repay my debt, at the end of the day, it was the process and not the details that carry eternal significance.

Previously, I’d fantasize about receiving checks in the mail that could completely wipe out my debt. Sadly, the check never came; and the truth that I was alone in my debt journey hit me like a ton of bricks.

Before going to college, I saved every penny I had. My relationship with money as a child was not a healthy one–as I didn’t grow up with much. I knew money was needed to purchase things, but I also felt that having too much of it was wrong.

My Thoughts On Money

I think that money is a tool, and it doesn’t have any more power over you than you allow it to have.

Money is NOT inherently evil. The LOVE of money is the root of all evil. -1 Timothy 6:10. Love can be defined as an intense feeling of deep affection.

The emotion of love can influence us to accomplish heroic feats such as this father saving his daughter from a shark attack.
https://www.washingtonpost.com/sports/2019/06/04/paramedic-dad-punched-shark-five-times-save-his-daughter-who-lost-leg-attack/?noredirect=on

This man literally gave a shark the One Punch Man knuckle sandwich lunch special for FREE-99 lol. That shark will think twice before going after anything else besides marine life.

Risking It All

Or this strong fondness of something can destroy your life’s work. Take Bernie Madoff and Jefferey Epstein for instance, both men have been disgraced due to their misuse of things they enjoyed out of context.

Taking things out of the context from which they were meant to be enjoyed is dangerous. For one man, having enough money was never enough; for the other, seeking inappropriate affection.

I would like to leave you with a line from a song from an artist called Bizzle and an update on my student loans below.

Partial Lyrics from song by Bizzle “God Over Money”

If that same resource was made free to you
It would literally destroy what cash means to you
So how you risk your life for a paper dollar?
When as long as you have life you can make a dollar?

Student Loan Update

Until next time everyone! Stay strong… fight on… and have no debt but love! Peace and Blessings.

Your Credit Score & Student Loans: $67,916.64 Paid, $17,391.43 Till Payoff

Here… Take My Money, All of it.

The financial burden of student loans on the lives of young professionals is well documented.   I’ve been on my personal repayment journey for eight years now.

I have been fortunate to have had the ability to make timely payments throughout, and this has improved my credit score substantially.

However, this wasn’t always the story.  Six months after graduation, my mailbox was stuffed full of payment due notices.  The letters came from ACS, Nelnet, FedLoan, and Brazos.

I requested electronic notifications, and began making payments every month.  It didn’t take long to get a letter of 30 days delinquency from a new company-University Accounting Services (UAS).  I was infuriated, I thought everything was taken care of.

What. In. The. World. Was. Going. On???   

I overlooked notices from UAS under the mountain of loan servicer paperwork.  I threw up my hands and wanted to give up already.  Out of curiosity I checked my credit score and sure enough, UAS tacked on a “missed payment” notification onto my credit report.

Thankfully, I was able to get the servicer’s contact information.  To my surprise, UAS was collecting the debt on behalf of my alma mater Abilene Christian University.  I own my mistake of falling behind on the student loan payment.  ACU regularly makes donation calls, a courtesy call regarding this debt would’ve been awesome. HaHa.  Well… as I said before, this was my mistake not ACU’s. I’m STILL a little salty to this day.

 

So Here’s What I’ve Learned

  1. Sort and organize mail from student loan servicers.
  2. Check your credit report regularly.
  3. Don’t be so hard on yourself, we aren’t perfect.

Below is an update on my student loan debt.  Until next time everyone, stay strong, fight on, and have no debt but love! Peace and blessings.

In The News: The average millennial has a net worth of $8,000. That’s far less than previous generations.

June 5, 2019
By Abha Bhattarai for Washington Post

Millennials are doing far worse financially than generations before them, with student loans, rising rents and higher health-care costs pushing the average net worth below $8,000, a new study shows.

The net worth of Americans aged 18 to 35 has dropped 34 percent since 1996, according to research released Thursday by Deloitte, the accounting and professional services giant. This demographic is paying more for education and such basics as food and transportation while incomes have largely flatlined.

“The vast majority of consumers are under tremendous financial pressure,” said Kasey M. Lobaugh, Deloitte’s chief retail innovation officer and lead author of the study. “That is particularly true for low-income Americans and millennials.”

The growing gap between the nation’s wealthiest residents and everybody else, he said, is affecting the way consumers spend…

Click link below to read more:

https://www.washingtonpost.com/business/2019/05/31/millennials-have-an-average-net-worth-thats-significantly-less-than-previous-generations/?noredirect=on&utm_term=.269c9363005d

It’s Spring Break, Not Spring Broke: $63,971.03 Paid, $21,337.04 Till Payoff

Dear Parents, Friends, and Loved Ones,

Please pass this along to the college students in your life. Spring break is upon us, and they are being tempted to jump on planes and make it rain with tuition refunds.

Remind Them They Are Students:
Don’t ignore your college work over Spring Break. Use the week to relax from the regular grind, but stay in the habit of studying for school.

I think a lot of us dream of spending Spring Break on a beach with friends. Whatever your plans, use the time to continue being a student.

Encourage to Think Beyond Spring Break:
When I was a student, I found keeping this balance let me enjoy my break while also helping me stay caught up with the schoolwork to come. I was also less stressed when the break was over.

I’m not suggesting you lock yourself in your room and do nothing but school work. That will lead to burnout. Remember, balance is the key. Use the week to relax, but also keep up the routine of having study time:
• Continue doing classwork each day on your regular schedule.
• Schedule time to have fun and catch up with friends.

Prepare for The Next Academic Year & Career:
Besides the no-brainers of exercising and eating healthy, here are a few other things to do during Spring Break. The suggestions below will take time, so extend yourself some grace. For help, visit your college’s Career Services office when it reopens.
• Start working on a generic cover letter.
• Find a summer internship or job.
• Apply for scholarships.

Assess Your Finances:
If you can’t afford to jet set with classmates, just don’t go. Just imagine yourself in your career after graduation taking paid vacations from work. You will soon be a working professional who can afford multiple international trips a year-if you practice good money habits today.

Remind Them of Possible Financial Ruin:
For the last 7 years and 9 glorious months, I’ve been paying back student loans. Do you really want this in your future? Do yourself a favor, sacrifice what you want now for a future that’s a little more comfortable. Below is my balance update. Until next time everyone! Stay strong, fight on, and let’s help the youth have no debt but love.