Debt gets a negative rap all the time, and rightfully so, no one should go out and actually thrive for a life in debt but I feel like weren’t meant to learn from it. When looked at differently, being in debt magnifies ones life and if you actually look through the glass to analyze what your life in debt is like, it’s not always bad.
I believe everything in life happens for a reason. Interpret this however you want but I truly believe in my heart and soul that nothing is put on us that we can’t handle. Though it may take years to understand, it will all make sense in the end. With this in mind, I’ve opened my eyes to see my debt-ridden world through a different set of eyes, what am I supposed to be learning about all this? Here are the best things my debt has taught me:
I’m capable of some pretty amazing things. If someone had told me I was able to accomplish what Mike and I actually have since starting this journey, I would have laughed at you. In the last two years we’ve paid off almost $40,000 worth of the debt we carried around for the previous four years. Come 2017 all of the $143,000 worth of debt will be gone. To do this we’ve made big life changes and decisions, we both hold down two jobs (we all know how time consuming blogging and freelancing is!), and we have an amazing life with our friends and family. We seriously kick ass.
I need my husband more than ever. I never ask for help. It’s a flaw I recognize in myself, I’m stubborn and until I’m at my breaking point I won’t ask anyone for help, him included. Throughout this journey though there have been times I’ve needed help with money management (my household job) and he’s delivered tenfold. The debt repayment journey has brought us together in ways other life journeys simple can’t. Money is an intimate subject for anyone, throw in a massive debt and a marriage and it can be tough.
I’ve learned I don’t need money. Ok, I need money to live obviously, but I don’t need money to have fun. We have had some amazing adventures for free or cheap that I don’t think I would have otherwise experienced if we weren’t forced into ”cheap fun”.
I can’t live without an emergency fund. The whole concept of having money in a bank account while we were in debt just didn’t make sense to me for a long time. It wasn’t until someone pointed out that if (and when) the shit hit the fan that we’d be into more debt if we didn’t have one, that we started saving one. I don’t know if we would have learned this lesson if not for the debt and my blogging ventures.
I’m learning invaluable lessons. If I wasn’t in debt I don’t know that I would appreciate money as much as I do. I’ve learned so much about money management in the last few years, because I’ve had to if I want to pay this debt off, and these lessons will be with me forever. I will also teach my daughter all the lessons we’ve learned in hopes she can avoid these mistakes.
A debt free life is worth working for. Being in debt has taught me exactly how I don’t want my life to be and for this lesson I’m thankful for it (debt). I can say we have lived through some of the toughest days we will ever experience as a married couple. Weathering this together means we really do appreciate the life we are building for our family. All too often people just wish for more, more, more but we won’t be them. We’ve lived the lowest we likely ever will (and our ”lowest” is still pretty damn good, don’t get me wrong), but it’s maintained our priorities in life. We have a realistic outlook on the life we’re building.
What has debt taught you?