What Keeps Me Motivated?

What Keeps Me Motivated?I am almost five months in on my debt repayment plan. It’s going pretty good so far. I see the balances on most of the debts going down which is honestly the only thing that matters. A couple of weeks ago one of the readers who completed my survey suggested that I do a post on things that keep me motivated during this debt repayment plan. That was a damn good idea. Today’s post will talk about four things that keep me motivated to eliminate this debt.

Sallie Mae/Navient

The 1st thing that keeps me motivated is that I know one day I will be able to tell Sallie Mae/Navient or whatever the hell she calls herself these days to kick rocks (kick rocks is slang for get out of here). If you have a student loan with Sallie Mae, you know why I want her far, far away from me. That will be a beautiful day when I pay those loans off. I can visualize myself sending the last payment to them in pennies. I can’t wait until Sallie Mae is in my rear view.

Won’t Be in Debt Forever

The next thing that keeps me motivated is that I realize that I don’t want to be in debt forever. Plenty of people have large sums of debt their whole lives. I refuse to let that happen to me. Some people also only pay the minimum amount each month on their loans or credit card bills. Depending on how much you owe, only paying the minimum will keep you in debt for a very long time. Most of those payments are being applied towards the interest. The principle will take forever to go down. I don’t want to be in that situation.

Don’t Want to be Ordinary

The 3rd thing that keeps me motivated is the fact that I don’t want to live an ordinary life. Nothing is wrong with it, but for me going to work 9-5 for 40 years is not living if you know what I mean. It’s boring, and it can become very repetitive if you let it. I am glad that I took chances by quitting my previous job and then traveling across the country. It showed me that there is much more to life than the basic 9-5 lifestyle. Once my debt is eliminated, I will be able to experience more of that.

Once I’m Debt Free

The final thing that keeps me motivated is imagining the things that I will be able to do when I’m debt free. Investing more money, buying property and traveling more are some of the stuff that I will be able to do. One of my bucket list goals is to pay for a family vacation by myself. I will be able to make that happen much faster without having all this debt.

To summarize, the four things that keep me motivated is telling Sallie Mae to “kick rocks,” not wanting to be in debt forever, not wanting to have a “regular” life and imagining the things that I want to do when I’m debt free.

I have a question for you. What keeps you motivated to pursue a certain goal in life?

Debt, Life, Motivation , ,
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  1. Made me laugh reading that you want old Sally Mae in the rearview mirror! LOL Good for you. I was raised by a german father…debt was verboten! Throughout my life, this has served me well. Having a good credit rating is so important not only for borrowing (mortgage) but job applications too. Great ways to stay motivated Jason!
    Jacqueline Gum recently posted…Feigned Ignorance… Where’s The Justice?My Profile

  2. “Plenty of people have large sums of debt their whole lives. I refuse to let that happen to me.” Smart, smart decision, Jason. We didn’t wake up to our debt mess until our mid-forties. How we wish we would’ve eliminated it when we were younger. But eliminating it now is better than not eliminating it at all. 🙂
    Laurie @thefrugalfarmer recently posted…The Worst Financial Advice I’ve Ever ReceivedMy Profile

  3. Great post, Jason. I stay motivated by envisioning reaching my goals. Some of my goals include being financially independent and selling a business for over a million dollars. These goals are not small ones, and have to start with “building block” goals. For example I have student loan debt. I need to consistently pay that debt off sot that it doesn’t influence my business decisions. I also need to utilize my income to set myself up for financial independence.
    DC @ Young Adult Money recently posted…5 Experiences Worth Spending Money OnMy Profile

  4. All great reasons to stay motivated, but I particularly relate to the not wanting to work the 9-5 forty hours a week for the rest of your life. There is so much to do and see 🙂
    Jeri recently posted…#WritingPrompt: 15-Sentence Portrait PoemMy Profile

  5. Good for you in getting your debt down. I am doing the same thing. I think the motivation for me is seeing each month the end time. I have been on a three year process to be completely debt free. Each month is another month toward that goal and that is my motivation. Thanks for sharing this with us.
    William Rusho recently posted…More Lies by ScienceMy Profile

  6. What a great blog!

    Good on you for working towards getting yourself out of debt.

    I stay motivated by focussing on where I want to be in say, five or ten years time. Like you, working 9am to 5pm for another 30 years is just not part of my plan. I have far too many things I would rather do.
    Phoenicia recently posted…Five ways to improve your time managementMy Profile

  7. It’s good that you can look to where you want to be in order to stay motivated. Each small reduction in the debt is one step closer.
    Donna Janke recently posted…Granville IslandMy Profile

  8. Jason I look forward to the day when I read your blog post about how you are done with Sallie Mae for good.
    Ken Dowell recently posted…Venice Photo Blog — Gli ArtistiMy Profile

  9. Jason, you listed some good reasons for staying motivated. I particularly like not wanting the 9-5 life. Life is so short and it’s important to live it in a way that provides the greatest satisfaction. So good for you, a little at a time but you’ll get there,
    Lenie recently posted…Holland Thanks Canada…AgainMy Profile

  10. Jason, if you can manage to find a way to pay off your debts, make a living doing what you love, and not sell out to the man and work 40 hours a week then I applaud you. All the best.
    Tim recently posted…The Stories of KrugerMy Profile

  11. I think that having goals like the 4 you told us about is the best motivation to succeed at your debt reduction. Being able to live your life as you want to is a top incentive, I believe.
    Beth Niebuhr recently posted…Stretch Your Brave, Hack Your StoryMy Profile