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.
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.