Hello everyone, I’m Joe! I’d like to tell you my story in the hope that it can inspire you to change your life. 10 years ago I made the decision to move 1/2 way across the country with the hopes of opening a restaurant with my uncle – all while I was 17 years old. I quickly learned that working with family wasn’t a good idea and found myself jobless, broke and on the verge of being homeless. After a couple years of taking whatever job I could find to pay the bills – waiting at a restaurant, plumbing, retail, working at a call center, etc. – I found myself in quite a bit of debt because my jobs weren’t paying enough to pay for ALL my bills. When I pulled my credit and saw a scary number, roughly six months worth of income, I decided that I should join college and try something new. This blog isn’t intended to teach you about going to school or getting a job, but this is important in my journey. It took me almost 6 years to graduate because I was working full-time and going to school full-time, so I could only take 3 or 4 classes at a time and couldn’t always take summer classes. 6 years worth of college resulted in a ton of debt… About $50,000 worth. By the time I graduated I was in about $75,000 in debt. ($50,000 college loans, $15,000 car loan and $10,000 in various other debts). That’s right, Seventy-five Thousand Dollars!
I worked hard to get a decent job after graduating – making enough money to pay my bills and have some entertainment money all while paying a little bit of debt. After saving a little bit of cash and buying a house, I then realized I was now in $235,000 debt (including the $170,000 mortgage). After I added up all my debt I decided to take the way I live in my own hands and to no longer rely on banks to live – I created a 10 year plan to do so.
This blog is to tell you how I do it and I hope to inspire you all get debt free too!