I guess the path of entrepreneurship is tough when you do it alone. Most of the time the people that you meet along the journey are better to be friends with then the people that you started the journey with. Dating seems to be a good and bad thing to try and be involved with when starting out only because if your spouse doesn’t understand what you’re trying to accomplish and how they could fit themselves into that lifestyle it’s going to be a lot of arguing and headaches going on.
With focusing on entrepreneurship (internet marketing) for 5 years now I’m realizing more that money isn’t the focus. The adventure is! The money in a sense funds the adventure and it doesn’t have to be expensive. For me I realized that if I were to have cut my Starbucks spending in half over the last 5 years I would be able to travel the world first class to at least Thailand or Costa Rica. Realizing that over the last two weeks has given me a sense of new direction of what I should be focusing on.
Not just cutting down my spending but doing more for something in a form that’s not money. Which I know some of you that’s reading this post is thinking that’s crazy. To not live for money!
But, what I’m realizing is that you can do more and still make less.
Right now I’m sitting on about $20,000 of personal debt and finally just started knocking it down seriously so I cans tart applying for better credit cars with better perks. With that debt it came a lot of knowledge along the way too.
- Knowledge #1: The credit cards that most department stores offer are terrible and useless. Even if you do shop there a lot don’t get them. Focus on getting a credit card that’s better overall for your life not just a one stop shop.
- Knowledge #2: Just because you’re dating a person doesn’t mean you need to go out and eat a lot. Sometimes staying in the house is the better option to do.
- Knowledge #3: Find a really good bank at the beginning and stick with them. Over the years it will add up your loyalty to them and they will offer some good perks when it comes to deciding loans and credit cards.
- Knowledge #4: If you can’t pay the amount call the company you know and explain it to them. Don’t let it be placed to the side.
Their are a lot more other things I’ve learned over this course of $20,000 of personal debt but the biggest is that it won’t grow anymore and that I’m dedicating one year to getting this debt knocked off completely. I guess the best thing for me honestly is that I didn’t finish college and that I have no student loan debt. I know others that have thousands of dollars worth of debt.
To start knocking this debt off I’ve composed a list of all items under $200 that I could pay off within the next 90 days just to get that “good feeling” inside. From there I will start the range of $200 to $400 and then so on and so on. It’s going to be quite interesting to see how this process goes. I will be sharing this with everyone too as it moves forward.