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My Birthday Wish

July 14th, 2010 at 09:25 pm

I don't know if it's just me, but i get very melancholy on my birthday. I start to wonder where i have been, where am i going and what have i done with my life. When I turned 36 last week, I actually felt very panicky inside. I realize that i have very, very little savings and very, very big debts. I officially belong to Generation Broke!

I have credit card debts from purchases that have already been long gone, and personal loans/debts for stuff that i didn't really need. Long story short, i made very bad financial choices.

I know that this financial mess wasn't acquired in one day, the same thing that i didn't gain weight in one eating (which is a whole other story), so i also know that getting my financial life in order will surely take time and lots of discipline. But if i want to live comfortably by the time i retire in say, 30 years, i need to start doing something NOW before it's too late.

And so with this blog entry comes my wish for my 36th birthday - freedom from debt and financial independence.

4 Responses to “My Birthday Wish”

  1. campfrugal Says:

    I think you need to be more specific in writing down the totals of your debts here, say on the side bar, so that you can see what is happening with them often. I know I do that and it helps me stay on track.

    I also use the snowball calculator, which I absolutely love. You should take the time to punch in your debts and get an overall idea on how long it would take you to pay them off.

    http://www.whatsthecost.com/snowball.aspx?country=us

    and be patient with yourself and the process.

    A great book to read: A Year By the Sea (thoughts of an unfinished woman) by Joan Anderson. It is an easy and quick book to read.

    And, BTW, Happy Happy Birthday.

  2. creditcardfree Says:

    Good advice campfrugal. Happy Birthday!

  3. Recovering Spendaholic Says:

    thanks for the great advice, campfrugal. i'll definitely do that.

  4. Jerry Says:

    Great advice, and snowballs definitely lead to progress... everyone needs the insurance of savings as they get older, so the more you do (and the earlier you do it) the better off you will be. Go get 'em! 36 is not that old yet. =)
    Jerry

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