6 Life-Changing Lessons We Learn from Debt

You’re walking down the street with your friends on a relaxing Saturday afternoon.

As you are about to turn the corner, you spot the pair of shoes you’ve been waiting your whole life to buy just sitting in a department store window begging to be bought.

The price tag doesn’t even matter at this point. You saw the shoes first. You wanted the shoes first. But your friend decides those shoes are for her. She opens her dumb mouth to comment on how much she loves the shoes.

Suddenly, a wave a wrath washes over you. Those are your shoes. They were meant for you. You reach for your purse.

That’s when you remember your car payment, your mortgage, your empty fridge and pantry at home, your husband’s medical bills, and your newborn’s future college tuition.

What do you do next?

The difference between you and your friend is profound. The moment you reach for your purse and the thoughts that pass through your mind reveal much more about your character than you might realize. Your debt, however burdensome it is, has taught you some invaluable lessons.

Yes, there are personal finance blogs, debt relief companies, and budgeting apps (which are all helpful), but the most important debt relief expert should be you. Debt can help you find that expertise if you choose.

Getting out of debt isn’t easy. But when you climb that mountain and finally conquer debt, you can look around and see that there’s a bright side to what you’ve been through.

Debt Teaches You to Be Smarter with Money

Debt, or more accurately the practice of escaping debt, increases your financial literacy. People don’t just escape debt out a passive desire to spend more money; they escape debt out of a ravenous longing for independence, freedom, and security.

The attitude of those who free themselves from debt forces them to learn the difficult truths about financial responsibility. Once you realize that you need change your habits, budgeting, saving, and smart spending become almost second nature.

Before long, you’ll find yourself observing the spending habits of everyone around with a more educated and experienced eye.

Debt Teaches You the Real Value of Money

When you have especially crippling debt, you’ll learn to value the important things in your life more than money.

Most of us are in debt in the first place because we wanted something and then decided we needed it. In reality, we hardly ever actually need the things we buy; this lesson can only be learned by momentarily stepping away from the possessions we own.

Some people find that the lack of money brings a greater appreciation for family, friends, and the memories you create together.

Debt Teaches You Who Your Real Friends Are

Like Elite Daily already pointed out, debt will teach you who your real friends are.

Unfortunately, so many people are only looking for the type of good time that comes with having money. Once you’re in debt, you are no longer able to go out to basketball games, go golfing, or party as much as you used to; this is when certain friends will just leave you behind.

The friends who stick by your side throughout the entire process of escaping debt will be by your side through thick and thin.

Debt Teaches You to Be Independent

Though there will be moments when you’ll need to rely on close friends, family members, or debt relief experts, those who overcome debt learn to be strong and independent.

If you’re in the midst of debt, you should know that overcoming it is supposed to be difficult. It’s amazing how often taking the easy route ends up harming us and traveling the harder path can end up helping us.

Once you become debt free, you will find that you have grown in many ways, but the first thing you’ll see is that people will come to you for advice, ask you for help, and look to you as an example of responsibility.

Debt Teaches You about Yourself

Perhaps the most difficult part of debt is that it forces you to take a long look at yourself in the financial mirror. It compels you to ask difficult questions: What am I doing wrong? What do I spend too much money on? What should I be spending money on instead? What habits do I need to kick? What habits do I need to acquire?

The answers to such questions will reveal more than most people want to know about themselves. And like we discovered earlier, hardly anyone wants to face the difficulty in confronting hidden personal truths.

Most of us build walls around ourselves to protect ourselves from scrutiny. This can lead to a lack of introspection and ultimately the development of destructive habits. You cannot tackle your debt head on without first knocking down the walls you’ve built around yourself.

In the process, you will not only learn vital things about yourself but will also begin to develop a more confident and reliable character.

Debt Teaches You to Have Compassion

There is little more numbing to our conscience than the ability to buy anything at any time for any price. Though those who are financially sound aren’t bad people, it is much more difficult to be aware of the financial struggles of those around us when we haven’t had similar struggles.

Debt can plunge you into the undesirable club of those who are just down on their luck. It can open your eyes to those who are struggling even more than yourself. Once you escape the terrible trap of debt, you will emerge more compassionate and more willing to help those around you.

Whether you hire an expert to help you escape debt or you go it alone for awhile, you’re sure to come out of the process a better person, financially secure and well prepared for future financial challenges.


One Song Workouts Are Cheap And Fun

In the fast-paced world we live in, it is important to come up with ways to stay fit and healthy without taking up too much time. One song workouts are a fantastic way to cut down on the amount of time you spend on your fitness every day.

About One Song Workouts

One song workouts are exactly what they sound like. You take a single song and perform exercises throughout. When the song is over, so is your workout! Usually, these are full-body workouts and are heavy on cardio.

How They Work

Each one song workout has a series of exercises that comes with it. So, if you want to listen to “Humble” by Kendrick Lamar, you’ll have between five and 10 exercises to perform throughout the song. If you finish the exercises before the song is complete, you start from the beginning.

You may have seen different one song workouts on Pinterest and other social media channels. Each workout can be focused on the body parts you want to work on and takes less than 10 minutes from your day, so there’s no excuse to skip your workout. Below are three personal favorites for you to try.

One Song Workouts For You To Try

“Lust” by Kendrick Lamar (5:07) Lust -  One Song Workouts

“Partition” by Beyonce (5:19)One Song Workouts - Beyonce

“Castle” by Halsey (4:37)One Song Workouts - Halsey

Create Your Own

To create your own one-song workout, you’ll want to choose a song that is around 5 minutes long (or longer, depending on how long you want to spend working out). Then, you’ll want to choose a few full-body workouts or a body part you want to focus on for that song.

Choose bodyweight exercises or lightweight exercises to incorporate into your plan. You can also plan to do some cable exercises but you’ll want to make sure the machines are close to one another since you only have about 5 minutes to complete the workout.

These short and free workouts have helped thousands of people become active without spending hours at the gym.

Have you tried a one song workout or something similar to save money and time? Let us know how it worked for you in the comments!

Jordan Peele’s Net Worth

Jordan Peele's net worth

Last week, Jordan Peele became the first African American recipient of the award for Best Original Screenplay at the Oscars for his film Get Out. This recognition has more eyes on Peele than ever. More people are wondering about the star’s finances.

Jordan Peele’s Net Worth

Jordan Peele has an estimated net worth of $12 million. This is considerably higher than his former co-host and best friend Keegan Michael Key, who is estimated to be worth about $7 million.

For the most part, Key has made his money through his comedy career. Peele, on the other hand, has branched out into writing and directing his own films. His comedy career is what got him where he is today though.

Peele dropped out of college to pursue his career in comedy. In 2003, he joined the cast of MADTV for its ninth season. The show is where Key and Peele met one another. During this time, both Key and Peele also appeared on a few small roles across television.

In 2012, they began airing their own show, Key & Peele, on Comedy Central. The show was extremely successful and continues to be widely watched across streaming services. It ran until 2015 when both individuals went on to seek larger moves in their careers.

Together, in 2016, they both starred in their first feature film, Keanu. The film received good reviews and made $20.7 million worldwide. Compared to the success of Peele’s next film, that seems like pennies though.

The Success of ‘Get Out’

Assuming that Key and Peele were making about the same amount of money throughout this period of time, their net worth would be about level. However, Peele’s independent successes have been far more fruitful. During all of this, Peele was dreaming up ideas for what would soon be an award-winning movie.

As you know, Peele won the award for Best Original Screenplay at the Oscars in 2018 and was nominated for Best Picture and Best Director. Get Out made more than $255 million worldwide.

Thirty-eight-year-old Peele became the first African American to ever receive the award for Best Original Screenplay. As you can imagine, he was elated at receiving the award and doesn’t plan on slowing down anytime soon.

Peele is working on two projects currently: Lovecraft Country and Black Klansman. Lovecraft Country is an HBO television series. Black Klansman is a film that Peele will have a hand in producing. If these projects are anywhere near as successful as previous things Peele has had his hand in, his net worth will likely continue to grow in the coming year.

What do you think about Jordan Peele’s net worth? 

Photo: Kevin Edwards

Fergie’s Net Worth

what is Fergie's net worth

No career is without its ups and downs. Pop star Fergie’s career is no different. Her recent performance of The Star Spangled Banner has left Fergie in a bit of a momentary downswing. However, there is no doubt that she is a self-made woman who works hard in diversifying her income and maintaining her career. So, what is Fergie’s net worth?

About Fergie’s Career

Fergie was born Stacy Ann Ferguson on March 27, 1975, in Hacienda Heights, Calfornia. Her parents and childhood friends knew her to be an excellent student. She was involved in various extracurricular activities such as cheerleading and Girl Scouts. Young Fergie was also a spelling bee champion and straight-A student.

The pop star got her start on television, as many stars do. She was a voice actor on the Peanuts cartoons, providing the voice of Sally in 1984 and 1985. During this time, she was also getting her start on the TV show Kids Incorporated. She was on the program until 1989 when her focus began to switch to her music career.

Her first musical appearance was not with the band everyone knows her from though. She was a member of the R&B group Wild Orchid. The group signed a record deal with RCA Records in 1994 and had moderate success. However, as the band lost popularity, some of Fergie’s own personal struggle came to light.

Fergie’s Struggle With Addiction

As Wild Orchid faded out, she was confronted with a serious addiction to methamphetamine. When Fergie turned 18 she partied like many teens do, but things got out of control. In her late teens and early 20s, Fergie experimented with drugs and her sexuality. By 2000, she’d migrated from taking ecstasy to smoking crystal meth.

She was a hard-core user for about a year before getting clean. Fergie says she hung around L.A. gangbangers and would stay out at the club all night. Her addiction cost her every penny she had and she was forced to collect unemployment. She’d hit rock bottom.

Joining The Black Eyed Peas

Her career wasn’t over though. In fact, Fergie hadn’t even seen her career peak yet. Will.i.am, the leader of The Black Eyed Peas, invited Fergie to come try out for the group’s song Shut Up. Fergie landed the gig on the single and had an immediate vibe with the group’s members. She was offered the position of lead singer for the group in 2004.

Elephunk, the first record The Black Eyed Peas produced with Fergie, was extremely successful. The album put out three hit singles that appeared on the Billboard Top 100 charts around the world. They released a plethora of successful singles and other successful albums up until they decided to take an indefinite hiatus from the music world in 2011.

Duchess Music

Fergie hasn’t gone anywhere though. While working with The Black Eyed Peas she produced a solo album called The Dutchess. After fans waited years for the release of a second solo album, Fergie made the transition from Interscope to BMG Records.

Although Fergie worked with Interscope during her career with The Black Eyed Peas, BMG offered a new opportunity for Fergie: her own record label. When BMG announced the artist would be signing with them, they also revealed she would also have her own label, Dutchess Music. The label allowed Fergie to finally release her second solo album.

Fergie released some teasers in 2014 and fans were ecstatic that she’d decided to release another solo album but never saw more work. The album, Double Dutchess, finally debuted under her new label in September 2017. It sold almost 30K copies in the U.S. and 45K worldwide.

Her career, as previously stated, has definitely had its ups and downs, but what is Fergie’s net worth?

Fergie’s Net Worth

News sources have Fergie’s net worth estimated to be $45 million, the bulk of which has been earned through her music career. Over the years, she has been able to maintain an annual salary of $8 million to $17 million.

Her earnings peaked during her years as a member of The Black Eyed Peas, earning $17.9 million after the release of Monkey Business. She has also made a fair amount of money from her solo career as well. In 2006, she earned $11.9 million from solo album sales.

Like many other celebrities, Fergie has also diversified her revenue portfolio. In 2009 she became a minority owner of the Miami Dolphins. She was excited and said she went all in on the Dolphins buy. After all, she’s been a fan since the 80s. On top of that, she has also signed on for a couple successful endorsement deals.

She and rapper Pitbull have been endorsing Voli Vodka since 2012. Both stars own stock in the company and have made millions through the deal.

When she wasn’t tending to those things, she was busy starting a line of shoes. Fergie Footwear, a Caleres Inc. brand, has been fairly successful. In 2015, Caleres Inc. was one of the top-earning shoe companies in the United States.

Outside of her work as a singer and businesswoman, Fergie also owns an $8 million home in Brentwood with her husband Josh Duhamel. Fergie and Duhamel, who is an actor, separated in late 2017. It is not yet certain how this will impact Fergie’s net worth.

It is likely that you’ll see new work from Fergie this year though. Since her label is still relatively new, she will likely be creating new music in 2018. She doesn’t have any tour dates set for the year but she will keep fans up to date here.

Photo: Walmart