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Sunday, February 13, 2011

Reflecting on my journey so far...

Well, it's been about 2 weeks since my last post on this blog. It seems like forever, especially since I was diligent in posting everyday for the entire month of January. My New Year's resolution was to submit a post every single day for the entire 2011 calendar year. Well, I have failed at that goal. But by pushing myself to accomplish that goal for at least the entire first month, I was able to realize a few things about myself and this debt free journey that I've taken on!

Here's a list of some of the things I've learned from starting/maintaining this blog:
  • There are A LOT of people that are interested in this topic of becoming debt free so that they can enjoy true financial freedom.
  • This blog forced me to think about how my debt freedom journey impacted my life everyday and it even surprised me in how much of an impact this has been to my overall life.
  • I have really learned a lot through this process and I enjoy teaching others what I have learned.
  • My mentality towards debt and my overall finances has truly been transformed from what I used to believe.
  • Being debt free is definitely not the "norm" in our current society, but there are still many people that have actually achieved the status.
  • Changing your behaviour is crazy difficult. I think that goes for everything: every habit, every addiction.
  • Definitions are essential for succeeding on this journey. What do you consider debt? What is a true emergency? What is your ultimate dream as well as your interim goals? What is your budget? What is your timeline? What is enough? How do you measure wealth?
  • There will be good days and bad days. Truly cherish the good days when you wake up and are thrilled at what you have accomplished and the milestone that are on the horizon. Don't sweat the bad days when you wake up and wonder if all this sacrifice is really worth it. I can confidently say that I've had many more good days than bad, during my journey.
  • This journey is impossible if you don't have support. If you're married, that means both husband and wife have to 100% bought in. If you're single, that means you need to have at least one (preferably many) that join you in the journey. In either situation, the more people that are on your side, the better. There truly is power in numbers!
  • You can't stop learning! I have read so many books/magazines/blogs and try to take something from everything. There's always little nuggets
  • Nike is right! Just Do It! Nothing will change if you don't do anything about it. Thinking about changing your lifestyle, reading on the best practices around personal finance, seeing others make transformations in their financial lives DOES NOTHING FOR YOU!!!! Unless you DO SOMETHING ABOUT IT FOR YOURSELF!