Debt Beatdown Update: Scarcity Sucks

Current Student Loan Debt – $43,193.09

It’s been a couple of weeks since my last Debt Beatdown update, so it’s time I let you in on what’s new. I can sum it up in three words: Abundance, Baseline and Risk.

Abundance

The biggest decision I’ve made in the past two weeks is to shift gears as far as how I think about handling debt. This is something that’s been quietly brewing since launching DB, but last week I finally found words for what I’d been feeling.

The words came from Ramit Sethi’s blog, “I Will Teach You to Be Rich.” I’ve never read Ramit’s blog before last week, but this paragraph expressed exactly what I’d been intuitively feeling:

It’s not just about money — it’s about living a Rich life where you can control your income, not be subject to the whims of a corporate HR department or boss. Use the extra money to tackle your goals. Use the extra income to pay off debt, save more, or spend on the things you love (e.g., trips to Vegas).

Exactly. Continue Reading →

Less, Less, More: How to Break Free and Live a Simple Life (Part 2)

Less Distraction

In Part 1, I shared some tips for letting go of unnecessary “stuff” in your life. In this second part of “Less, Less, More,” it’s all about something else that you could use less of: distractions. In this post, I’ll share some ideas for eliminating and managing electronic and human distractions. Let’s start with technology.

 

Minimizing Electronic Distractions

Everyday you are bombarded with information. Email, text messages, Facebook, voicemail, apps, notifications, Twitter, phone calls–the list goes on. How do you manage to get anything done with the constant demand for your attention? When it comes to technology, I like to use the three D’s to help: disappear, detach, or disconnect. Continue Reading →

Less, Less, More: How to Break Free and Live a Simple Life (Part 1)

I remember exactly where I was last January. I was working a twofer and hating every minute of it. What’s a twofer you ask? Well in my case, it’s when you work for one company and get contracted out to work at another: two companies, two managers, two sets of “rules”…you get the idea. Why am I telling you this? Because January 2011 was also when I decided to break free and re-commit to simple living.

You see, three months prior I’d realized that I had allowed my life to become complicated. I was unhappy and this time it wasn’t because my finances were in shambles. No, it was because I had committed to a job I knew was wrong for me and, in turn, sacrificed what I knew was right. My days were spent juggling. I had three computers on my desk: one for each company and my personal laptop. You can imagine how cluttered my calendar and desk must have been! Worst of all, my lifestyle encouraged schizophrenic consumption. For example, I lived a car-less lifestyle on the weekends, but during the week I rented one to go into the office. It was a complete waste of money. I needed relief. I craved simplicity.

Does any of this sound like your life? If so, I bet you’re aching to make some changes. You want to live a simpler life, but have you thought about what that means, exactly? Obviously, simple living means different things to different people, but there is a central theme that attracts many: less is more. But to have less, you have to let go–you have to break free.

But, how exactly do you break the mental and emotional chains of consumption and live simple? In this three-part series, I’ll break down three areas of simple living: Less Stuff, Less Distraction and More Meaning. I’ll share what I think are crucial points for each area (and hopefully you’ll share your thoughts too!) and provide some tips for success. Let’s start with getting rid of the stuff you don’t need. Continue Reading →

Four Ways to Get Serious About Change

Change is the essence of life. Be willing to surrender what you are for what you could become. –Reinhold Niebuhr

It’s that time of year when we begin to think about the changes we’d like to make in our lives. Personally, I’m not a fan of New Year’s Resolutions; I prefer to make New Life Resolutions. Still, many readers in the Liv Simpl community have been asking about nutrition, living a simple lifestyle and being healthier: it’s clear that you’re thinking about making some amazing changes!

But change is hard. How do you prepare yourself for major (or minor) lifestyle changes? Here’s where you get to take advantage of my mistakes. Experience has taught me that there are four steps that will help you succeed in any changes you want to make. Continue Reading →

[Debt Beatdown] Annual Financial Review

Current Student Loan Debt: $44, 094.

Happy Holidays! It’s been just over two weeks since the last Debt Beatdown report and I’m sure you’re anxious to know how things have progressed. In my last report, I shared some of the challenges of living a systematic lifestyle during the holiday season. I’m happy to say that we made it through and I learned a lot along the way about family and compromise.

As of December 5, I finished the pre-work for DB and officially started the 12-month countdown. Yay! So what have I been doing since then? Reviewing, planning and writing.

Reviewing

To accompany my annual review, I decided to do a financial review for 2011. If you didn’t get a chance to read my annual review, check it out. I honestly had a fantastic year, financially and otherwise. Still, there’s always room for improvement. Financially, here’s what went well and what didn’t. Continue Reading →