Comments on: Debt Crushed my Self Esteem http://onemillionandbeyond.com/blog/2009/07/14/debt-crushed-my-self-esteem/ Tue, 20 Jul 2010 04:14:33 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Revanche http://onemillionandbeyond.com/blog/2009/07/14/debt-crushed-my-self-esteem/comment-page-1/#comment-70837 Revanche Tue, 28 Jul 2009 21:33:28 +0000 http://www.onemillionandbeyond.com/blog/2009/07/14/debt-crushed-my-self-esteem/#comment-70837 A lot of getting past the self doubt is getting yourself into action. Many of my friends are deeply in debt (mostly school related) to the tune of hundreds of thousands of dollars while they're not yet making money or making very little. It's really hard on them, and the only thing I can offer them is help with their budgeting and maximizing what income they DO have. They make a lot of choices that I wouldn't make, but I know that the level of debt they have is far beyond my experience. When I was paying off debts, I felt totally hopeless some days. It seemed like no matter how hard I worked, nothing was getting better. The best medicine I had for those blues was to figure out how badly I wanted to stop feeling like that, and make the appropriate sacrifices. Knowing that the alternative was to continue in a funk of depression over the debt, it never seemed like I was "depriving" myself of material things - I was working on reaching a goal. And the relief upon reaching that goal was palpable! I can sincerely look back and say, yes, I don't remember hanging out with my friends a tenth as much as I would have liked, but I have zero debt now. And while facing unemployment, all the things and events I passed on were pretty much just a blur in comparison to the reality of having enough savings to keep me afloat during some really scary times. A lot of it is setting yourself in a position to view the changes needed as a good thing. But it also depends on your priorities. Like I said, people with 300K of debt are going to look at a car loan as just a drop in the bucket. For me, as the numbers were a bit smaller, though continuous, it was easier to keep the debt from growing, and cutting it down. In your case, getting your self esteem back is a powerful motivator. A lot of getting past the self doubt is getting yourself into action. Many of my friends are deeply in debt (mostly school related) to the tune of hundreds of thousands of dollars while they’re not yet making money or making very little. It’s really hard on them, and the only thing I can offer them is help with their budgeting and maximizing what income they DO have. They make a lot of choices that I wouldn’t make, but I know that the level of debt they have is far beyond my experience.

When I was paying off debts, I felt totally hopeless some days. It seemed like no matter how hard I worked, nothing was getting better. The best medicine I had for those blues was to figure out how badly I wanted to stop feeling like that, and make the appropriate sacrifices. Knowing that the alternative was to continue in a funk of depression over the debt, it never seemed like I was “depriving” myself of material things – I was working on reaching a goal. And the relief upon reaching that goal was palpable! I can sincerely look back and say, yes, I don’t remember hanging out with my friends a tenth as much as I would have liked, but I have zero debt now. And while facing unemployment, all the things and events I passed on were pretty much just a blur in comparison to the reality of having enough savings to keep me afloat during some really scary times.

A lot of it is setting yourself in a position to view the changes needed as a good thing. But it also depends on your priorities. Like I said, people with 300K of debt are going to look at a car loan as just a drop in the bucket. For me, as the numbers were a bit smaller, though continuous, it was easier to keep the debt from growing, and cutting it down.

In your case, getting your self esteem back is a powerful motivator.

]]> By: Money Funk http://onemillionandbeyond.com/blog/2009/07/14/debt-crushed-my-self-esteem/comment-page-1/#comment-70314 Money Funk Wed, 15 Jul 2009 18:02:38 +0000 http://www.onemillionandbeyond.com/blog/2009/07/14/debt-crushed-my-self-esteem/#comment-70314 Oh, I understand this one. I am beginning a seperation. And I can tell that the finances have me feeling glum. Another set back (again). Such a journey. I hope that my goals frutation come sooner than I expect. Because I would like my darn Self Esteem back! Cheer up. Things will get better. Oh, I understand this one. I am beginning a seperation. And I can tell that the finances have me feeling glum. Another set back (again). Such a journey. I hope that my goals frutation come sooner than I expect. Because I would like my darn Self Esteem back!

Cheer up. Things will get better.

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