I sat down with my wife to brainstorm our one goal for 2015 in the area of finance.  Like 2014, the same problem sticked out like a sore thumb. Debt.

Student loans, medical bills, and credit cards rack up to almost $50K. I hate reminding myself. I hate having it. On the bright side, we made humongous step by selling our 2012 car lease for a beater this past month. My goodness, what a big load off our backs.

Here’s a bit of the car selling and buying journey (what a mess, but I learned a great lesson):

What does debt mean to us? A big set back on financial freedom, retirement, building a college fund for our kid, buying a home, and potentially making any type of invesments. We want all of that. But our $60K translates to almost 300-500 in monthly expenses in debt (and still it’s not agressive enough). It’s just plain old slavery.

The rich rule over the poor, and the borrower is slave to the lender. Proverbs 22:7

In a perfect world, our plan is to live off of one salary. This is an easy way to get rid of debt. How can my wife make $50K and I make $50K and tackle this monster around by the leg? My entrepneur spirit itches to figure this one out. I even did the math.

$50,000 a year = $4200 a month = $27 an hour

It will be great if I can come up with a thousand dollar service I can sell fifty times. It will be great if some how miracously this all disappears. This has been the struggle — finding simple solutions that will not dent my creative career, time with family, and health. But a man’s gotta do what a man gotta do.

My motivation is to leave a legacy. And I know, I’m not alone. It’s a team effort. Which is why I love my wife. She’s willing to step it up to bring some more bling to the counter with her wedding photography swag (a passion of hers). It’s been an on-and-off business, but I’m thinking we might have to build this up and stick strong with it. It might save the year. It might save us.

I’m pulling my hairs here trying to think creatively, entrepreneurly, and wisely to make this  in a quick  smarter way. The only thing I can do right now is talk  with my wife, give her faith and security, and develop a plan. Debt won’t take care of itself. Either I will need a profession change, a night job, or like I said think smarter with my existing talent — which are extremely valuable.

Building a financial journal of biblical promises has been inspiring — I shared like two or three here.

So the goal: Pray and push for a raise at my wife’s current job. Hone the photography business (maybe) or find other sources to bring in the extra bread.In other words, we need an extra $50K. Gone with debt!

[This is part of The Essentials Series]

5 Replies to “Financial”

  1. Hey Josue, just read this one too and wanted to say, power to ya! Kick that debt in the face – you know it’s a goal that God is happy to help you with, and that’s gotta be the most comforting part about it. Has been for us!

  2. It’s going away in the name of Jesus! You know, that by getting all in debt’s face and really being disgusted at it, you know have control over debt… Lay out a safe and sound plan, follow it. It won’t be pretty for the next 12 or 24 months. Live like no one else… Later, you’ll be telling us how you live like no one else…


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