A Summation of My Debt Reduction Experience

13 December 2007, 3:50 UhrDebt Reduction, How I Did ItSingle Ma10 comments

When I mentioned that I wasn’t going to write about debt reduction anymore, some of you wondered why and requested that I continue to share my experience.

From the very beginning, I’ve openly discussed every minute detail of my debt demons. Remember back in June 2006 when I first confessed that I was $25,000 in debt? Man, that was eye opening! Then I asked for your advice about whether to save or not to save while paying off debt. I was torn between the two. But when I finally made the decision to get serious and hold myself accountable, I found my stride and shared what I considered the key to paying off debt.

Ya girl was so pumped, I offered an interactive debt payoff incentive for those who wanted to join me. Throughout the process, I shared how I took control of my student loan debt and provided regular status updates on other debt balances. When my first debt was paid off, I gained momentum and became even more dedicated to my debt reduction plan. Yea buddy, it was on and poppin! I continued to share detailed updates ad nauseum, as well as my thoughts on how you too can take your life back.

My debt reduction journey ended on 10 Nov 07 with an official notice of closure on 10 Dec 07. Seeing that final letter was refreshing, liberating, and motivating! It was a reminder that I can do ANYTHING I set my mind to. Paying off $25,000 worth of debt in 1.5 years is only the beginning of my financial plan. I have a long way to go, baby! So I apologize to any readers who come here specifically for debt topics, but since I’ve already written 33 posts on my debt reduction experience, it’s time for me to continue my journey to financial freedom.

~*~*~*~*~*~
Work to achieve, not to acquire.
And as always, BE FABULOUS!

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    10 comments:

    1. bighead, 13 December 2007, 6:03

      Can’t be mad at a woman with a plan! I wonder if some of us wanted you to continue to blog about debt reduction because we are still thinking that debt is something we’re SUPPOSED to have? Having the so-called American Dream also means having debt, right? Keep it movin’ gurl…you’re an inspiration!

      Enjoy life!

       
    2. Efrain, 13 December 2007, 6:16

      Testify woman!

       
    3. Efrain, 13 December 2007, 6:18

      Also, where does it end? or does it?
      “Keep on moving, don’t stop ohhhh!”

       
    4. BK, 13 December 2007, 7:27

      well when you put it that way.. YA RIGHT!

      Now let’s share the wealth building tips.. *got my mouse ready.. right click, copy & paste*

      congrats again

       
    5. Anonymous, 13 December 2007, 7:52

      See that’s why I didn’t comment because I knew EXACTLY how you did it!

      I wanna be like Single Ma when I grow up!

       
    6. Candice, 13 December 2007, 10:02

      HA! Well, I feel as though at this point in the conversation a bit of confession is necessary. My name is Candice and I didn’t begin reading Singlema’s blog until September of 2007 when I stumbled across it. SHOCK! HORROR! *Religious readers begin to faint* That being said, I completely understand and agree with the sentiment about moving on…and am really excited that you took the time to create links to these older post as I have not read many of them…despite the fact that I never come your site and read just one post and check back daily. *opens link and pops a bucket of popcorn* Best of luck on your continuation to financial freedom *begins reading linked post*

       
    7. Moneymonk, 13 December 2007, 10:16

      Can I get a witness?

      Single ma for President!

      In Feb. check your credit to make it says current balance “0″

       
    8. MzInspiredMind81, 13 December 2007, 11:00

      (aka Samantha) I totally understand where your coming from SM,and your right! I’ll still be a faithful reader! I’m going to reread and take good notes as to how you knocked out your debt. I hope you won’t mind the occasional question or two(seriously I will NOT flood ur inbox) of finance like questions! :)

       
    9. Single Ma..., 13 December 2007, 16:45

      @ all – thanks for understanding. but don’t worry, i’ll still tell all my business. lol instead of debt reduction, it’ll be about investing and building wealth – with an occasional rant or two. :-)

      @ money – you’re late baby. i already checked. :-)

       
    10. NYCChris, 13 December 2007, 18:16

      Wow… not thinking about debt reduction anymore? Someday soon I will be there :D

      And even with my current debt situation, it is never too soon to learn about ways to make some money.