Comments on: Insights Into My Mind: A Recent Interview

By: rob in Madrid

rob in Madrid — Mon, 30 Apr 2007 19:57:09 +0000

I have to agree, the biggest problem when your maxed out in debt is not having anything to draw on when a bill comes up. Budgeting is great but what do you do when the car breaks down or the furnace goes in the middle of winter. Usually what happens is you have to put in on Credit.

My biggest personal struggle is making sure my I dont’ go over my weekly budget. I’ve got a great budget but it’s hard to stick to

By: Tricia

Tricia — Wed, 21 Mar 2007 16:05:47 +0000

I also agree with Todd. How did you pay down that much debt in 1 year? I am currently drowning debt and have 2 jobs to keep afloat monthly. I am sure if I take a hard look at spending, I could trim $200 off spending but that would not pay off the debt in a year and have a savings account.

I am new to your blog and love it. How do you find the time to blog so much and have a day job and be a father/husband etc?

By: argus

argus — Mon, 19 Mar 2007 23:03:27 +0000

i completely understand your motivation for changing your financial situation. i had a similar epiphany when my twins were born, i was watching them and thinking they aren’t secure enough and decided to turn myself around. after doing that i’m even a better father and husband

By: eR0CK

eR0CK — Mon, 19 Mar 2007 14:18:55 +0000

I agree with Todd, I’d like to see how you’ve managed.

I had around $5K in debt post-graduation and it’s only my side job that’s allowed for me to pay off $5K in one year.

How you would do this in one year with four times the amount of debt and no increase in income?

I just can’t figure out how the math works out, unless you were spending so much that cutting back a bit worked. For me personally, I already cut back and it wasn’t enough, so I got a side job and that’s been a huge help.

By: st

st — Sun, 18 Mar 2007 16:39:46 +0000

Is there a link to the full interview article? I’m actually interested in reading the introductory questions and such. Thanks!

By: Todd

Todd — Sun, 18 Mar 2007 03:04:09 +0000

I’m really curious how you went from negative $BIGNUM to positive $SOMETHING in less than a year.

I mean, I know you’re providing all sorts of tips and information every day. In looking at our finances, I just don’t see *that* much that can be cut; at least, not enough to make such a dramatic turnaround in a year. Or even two. We couldn’t even come close to that.

Were you really “blowing” so much money that, once you throttled back, it was easy to make such great progress? From the numbers you described, it would seem like you’d need to make a net change of +$2000/month to effect that kind of change.