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 →

