Closer to My Expatriate Dream

Financial Wisdom from Caye Caulker, Belize

Proverbs 22:7 (The Bible) – The rich rule over the poor, and the borrower is servant to the lender.

“A man in debt is so far a slave.”
-Ralph Waldo Emerson

I always knew debt was a psycho, but who likes to wait and actually pay cash for something they could get now? I don’t and sometimes I struggle with delayed gratification.
No, scratch that, many times I struggle with it.
Okay, honestly, ALL the time I struggle with it. There, you got the truth out of me. Happy?
In 2010, I got serious about eliminating credit card debt. In 2012, that seriousness was rewarded and I paid off a total of $15,379.52!!! While I should be rejoicing, I can’t help but feel a twinge of sadness. Why you ask? The answer is… I CAN’T FOR THE LIFE OF ME REMEMBER WHAT I SPENT $15K ON!!! Stupid, pitiful, embarrassing, but hey, I am in good company, right? I am a typical American. *Pats self on the back.*

Well, at this point in my life, I say screw the comfort of company and certainly screw being typical. I wanna be Atypical. Let me give you an example of how desperately I long for Atypicality (I know, I know).

I need a new car and if it’s hot outside or if I make so many stops in a day, my 2000 Honda lets me know this. It tells me ‘hey Sista, I need to rest a bit, so yeah, you can crank me up, but I won’t start until my 30 minute nap is over.’ This definitely makes me wanna run to the dealership, but then I remember- my goal’s to pay cash for my next car. Since I am familiar with her quirks, I adjust my driving tasks around them. Whenever I explain this to people, their instant response is, ‘you need to buy another car now!  What if this happens or that happens?’ Now what they say is true, but then I think about how previous doomsday comments from well meaning individuals caused me to fear and actually lead me into debt! Yes, it’s an inconvenience to have a fair weather (literally) car, but so is a monthly car note.

Then there’s the student loan (hey Sallie!) and the mortgage (hey Sallie’s sister, Fannie!). They seem insurmountable to me, but I know with patience, diligence, and some temporary suffering, they will encounter my ‘debt annihilation wrath’ just like the credit cards did.

My focus is to live as an expatriate and there’s no way I can freely do so if I have crazy debt pressuring me. Absolutely no way.

I know I am on the right track and I would like to show you my progress. Check out the videos below (a few are corny, but just blame it on my then inexperience with technology) of my credit card elimination and my ‘gotta-get-out-debt’ realization journey and tell me what you think.

Heads up- I am also known as ‘ChakaKhanian’ on You Tube :)

The start of it all
Almost there!
So close I am tasting it!
All Gone! (Part 2 of me explaining how I got in debt)
Part one of how I got in debt

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2 thoughts on “Closer to My Expatriate Dream

  1. I was on the same journey as you to get out of debt, and eliminate credit cards out of my life. I’m still working on one credit card, and my school loan. I’m glad to say that I got rid of 5 credit cards and 2 loans. It feels so good not stressing myself trying to pay all these bills. Now I’m able to travel more, and I finally was able to take my first cruise in November for my birthday. I started putting money in my vacation fund for my next cruise in 2013. Stay focus on your goal, and I enjoy reading your blogs.

    1. Good for you for paying off all of that damning debt! I have a school loan, also, and I plan on having it paid off by 2014!

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