Hello. My name is Latisha. I am in the middle of an uncomfortable life and career transition while paying off my debt. While uncomfortable, I embrace it with much patience (patience is my superpower/edge in life) because I know that I am exactly where I need to be. I’m being positioned for debt-freedom and my wildest entrepreneurial dreams. I’m poised while I work and wait. Can you relate?
Goodbye Broke (GBB) is a personal finance blog whose mission is to educate and motivate people to pursue debt freedom by showing them the success stories of others who have done it or who are currently in the process of making huge strides. It’s the place where you get to kiss your debt goodbye and exit Brokeonia and enter the land of financial freedom.
GBB is motivated by my experiencing and witnesses the fallout of CHRONIC money mismanagement and lack of financial literacy, first, in my own life and, in general, within the black community. I’m motivated and eager to create and model a NEW NORMAL of saving, giving, investing, spending, and living.
THE VISION/THE GOAL
First, I envision GBB being a milestone to the power of prayer and my faith in Jesus Christ as it through these means that I have the audacity to believe I WILL eliminate my massive debt burden within the next 12-36 months (from 2017).
Second, I envision GBB being a trusted go-to resource for the debt-free community for credible personal finance information as well as compelling stories that move people to take action on debt freedom –which accelerates wealth building.
For, I believe there are countless others who resonate with the nuances of being over-extended with debt (e.g., like how I would backslide into it after getting myself out). I know others will resonate with the featured success stories.
Finally, after I’ve accomplished my debt freedom goal, I envision GBB products and services that will serve as a roadmap to encourage and facilitate others in their debt free journey.
GBB begins, first, with my story. As of May 28, 2017, I lament a whopping $86, 063.15 debt burden. I’ve been carrying this debt load as baggage for over a decade (cue Erykah Badu’s Bag Lady–I done hurt my back ). 84% of that debt are two consolidated student loans dating back from between 1990 to 2002 ( one unsubsidized and thank God no defaults). To add insult to injury, I don’t even have a degree. I got so committed to debt freedom (in 2006) that I refused to enter another school until I could pay for it cash (or scholarship)–if I ever even return to traditional school at this point.
From 2006 to date, I have been downsizing my life (to the point of minimalism) so as to position myself for debt freedom. Along the way, murphy’s law, anxiety, and lack of sufficient savings resulted in me backsliding back into debt more times than I’m comfortable admitting.
In 2012, I renewed my commitment to debt freedom and now, here stands GBB to make sure I succeed this time. It is said, insanity is doing something over and over expecting different results. Well, I’m no longer practicing insanity. GBB is my new and different strategy.
That said, there are many reasons I am unable to give a solid accounting of all the thousands of dollars I let slip through my hands in my adult life. I have no sufficient explanation as to how I let such an initially modest amount of debt snowball into this massive Swiss Alp of a mountain.
If I had to sum it up, I would say just 20+ years of sheer ignorance, apathy, anxious purchases, emotional deficits, and lack of career clarity.
For, I’m a very late bloomer to realizing what I, actually, do well–and consequently, what I should have been pursuing as a career entering college or early adulthood. But God’s Providence saw my wanderings and keep me in the “ball-park” of where my strengths would eventually become recognizable to me. God is dope and fundamental like that!
THE FAITH/RICH IN SPIRIT
Now, if you are a solution-oriented, pragmatic believer in God, then I suspect my content may be right up your alley.
Although GBB exists to serve and motivate ANYONE of ANY faith–because every human resonates with wanting to improve their personal finances.
For, I am aware that there may be many people, seasoned in age, who feel all hope is lost to ever live debt free. Some don’t even feel such is possible and have just settled and adjusted to living life around serving their debts (e.g. living paycheck to paycheck). Some feel they’ve blown it–especially if you have a debt burden as large or larger than mine.
But I’m here and very excited to help change that trajectory of thought.
So why am I so excited, determined, and optimistic about my huge debt burden? Why does my debt burden motivate me instead of discourage or deflate me? Why am I excited for YOU to crush YOUR debt burden?
Because I am Rich in Spirit. When you subscribe to “The Goodbye Broke Chronicle” you will learn, more, about what I mean by Rich in Spirit.
To that end, you should know that I’m a former commercial real estate salesperson ($6M multifamily transactions closed) turned enthusiastic freelance premium-skilled virtual assistant. In addition, 5 years bookkeeping and 12 years executive assisting experience (to healthcare and finance professionals) inform my personal finance content writing and selection here at GBB.
As the saying goes, you are the average of the five people with whom you spend the most time. It’s time we upgrade our network. So, I, through Goodbye Broke and my day job as The Rainmaker’s Assistant, will upgrade my network. As I upgrade; you upgrade.
In closing, remember this. The only broke people you should be talking to are those working the heck out of a plan, alongside you, to EXIT Broke-onia. So, let’s go ANNIHILATE our debt! P.S. Budget. Budget. Budget.