Road to Financial Freedom

Me and my wife Shannell are in a lot of debt. Find out how we plan on paying it all back.

The Road to Financial Freedom

If you've been following The Anomalistic for some time, you'll notice that I've talked about finances and becoming debt free (The Importance of Budgeting, The Importance of Budgeting Part II, and The Minimum Trap). Almost everyone has debt these days; you're considered weird if you don't. Most people hate it, but they're too comfortable to do anything about it. They look at it as just another part of life. The thing is, life doesn't have to be this way. You can be debt free! You can own your car! You can punch Sallie Mae in the mouth and kick her to the curb for good! You can even have a paid off house! It's all very possible. It's not easy, but it's possible. I'm actually on this debt free journey right now along with my wife Shannell. Combined our debt totals: $122,499.86. Scary huh? It was at first, but we're at peace with it now.

While most people wouldn't even bother messing with debt at such a high number, we're going after it hard and fast. So what is all this debt exactly? $5,552 of it is a car, and the rest is all student loans. Shannell and I can both assure you that those student loans were not worth it at all. Teens and aspiring college students, please don't sleep on community colleges or trade schools lol. You'll save so much more money. Also dig deep and really think about the things that you like to do. You might not even need college for real! I know so many people that I went to school with that aren't even doing the thing that they went to school for. What a total waste of money. Don't get me wrong, I loved the experience, but it wasn't worth going six figures in debt over. Anyway to keep us motivated on this journey, we'll give updates on The Anomalistic about every two months.

The Journey Begins

We just got married a little over a month ago and have finally settled in. To help us get on the right track to financial freedom, we decided to take Dave Ramsey's Financial Peace University. This is a 9 week class that gives you the foundation to not only be debt free, but to also manage your money so you can leave behind a legacy. I would recommend the class to anyone (Find out more here).

Our first few weeks of starting this financial journey hasn't been a walk in the park. We just started living together, so we're still trying to figure out basic finances like: food, utility bills, rent, gas, etc. We also had to get furniture and other stuff for our apartment. The biggest challenge has been the random hiccups that have come up. Shannell's phone started acting up and my car needed to get repaired. Those two things alone cost us over $1000. Β It was annoying because that was money that we wanted to use strictly on our loans. We were blessed with a lot of money for our wedding, so we wanted to knock off as much debt as possible. Even with the minor hiccup, we'll still be able to pay extra on a few loans this month. Every little bit helps. We're knocking down our loans by paying off our smallest debts first. This is a big help because it allows us to see that we're making progress. We have a total of 20 loans. Our lowest is $883.56, and our highest is $17,733.33. In order to really tackle these, we have to give up a lot of fun things like eating out and doing activities that would cost us money. A lot of people will look at us weird or won't take us serious, but it's just for a season. We like making money, but we hate giving most of our paycheck away to loans and bills. I've only been doing this for two years and I'm already over it. I'm willing to sacrifice 2-3 years in order to spend the rest of my life free from owing people money. Remember in the words of Dave Ramsey, "Live like no one else, so later you can live and give like no one else." Stay Anomalistic My Friends!

Here's a breakdown of how much we owe as of right now:

Evan Xavier
Always cheesing for absolutely no reason 😁

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