A Millennial's Guide To Becoming Debt Free

I'm in debt. $52,759 to be exact. Like most new college graduates, my debt was larger than my income and I didn’t know where to start to get rid of it…well, until recently. 

When I started my first post-undergraduate job, I quickly learned how much of my hard-earned money would go toward bills. Between a car note, car insurance and other miscellaneous financial obligations, I would barely have enough to last me until the next paycheck 🥴. Living paycheck to paycheck wasn't exactly how I envisioned living my Millennial life of luxury. It dawned on me that if I didn't change my habits Usain Bolt-fast, I would spend most of my adulthood working to pay off debts. So, like anyone with a Wifi signal, I started doing research. I decided that I wanted to be debt-free by the age of 30. 

Removing debt takes sacrifice, patience and determination, values that are difficult to stay true to in this microwave era. But I knew that if I wanted to hit my goal of having debt-free 30s, I’d have to get comfortable with delayed gratification, and fast. Fact is, I’ll only see the full benefits of my hard work when my loans are completely paid off. So, to keep me accountable (and drag you along for the ride). Here are five steps you can take to help remove debt.

1. Education

I didn't understand the importance of money before graduating. I always felt that money was endless and I usually spent it on travel, trinkets and food. This was due to naivety and a lack of financial literacy. So the first step you could take to remove debt is to invest in personal finance education. Reading books such as “The Total Money Makeover” by Dave Ramsey and “Retire Inspired” by Chris Hogan and following influencers like Ashley M. Fox and Anthony O’Neal will show you that money is a tool. If you do it right, in the future, you won't have to work for money; your money will work for you!

2. Budget

Ok, you may not like hearing this one, but you have to create a budget. After paying your essential bills, assign a specific amount for groceries, entertainment and special occasions. Sounds complicated, I know. Fortunately, if you have trouble creating a budget, there are plenty of apps and websites that can help. Budgeting not only helps keep you from overspending, it keeps your eyes on the debt-free prize as well. Did I mention “Overspend” is my middle name?

3. Double Up on Payments

Instead of paying the minimum amount on your loans, try doubling your payments. Doubling up on loan payments helps you pay them off faster and leaves you with more money in the long run. Interest rates and fees will no longer apply once the loan is paid in full. I might sound like an infomercial, but we all know that more money in our wallet gives us freedom and time. Sign me up, please! 

4. Save

I already know what you're thinking. "Snow, how can I save when I'm already living paycheck to paycheck?" 

I hear you loud and clear, but this is where sacrifice comes in. That daily Starbucks iced mocha? Nope. That chili-cheese dog you eat for lunch even though it gives you gas? Nah. It may not seem like much, but these small daily expenses add up. Try skipping coffee and making your lunch for a week and see what you've saved. It may not be millions right away, but the extra money comes in handy.

5. Freebies

Now I'll be the first to admit that I love spending money. But I've had to sacrifice and scale back in some areas. Actually, a lot of areas. But that doesn't mean I can't enjoy fun and entertainment while saving for my goals. Hiking, attending festivals, going to the park, cooking, bike riding and crafts are all essentially free and fun ideas that could replace expensive ones. 

The decision to remove debt isn't an easy one. But it's worth it in the long run. Since the original posting of this blog in 2018, I was able to pay off a $15,000 car loan and $10,000 worth of student loans. I had my fair share of setbacks, but following the steps above and staying consistent helped me move even closer to living a debt-free life. Having a written plan and following tried and true steps will help you become debt-free sooner than you think. Is becoming debt-free one of your long-term goals? Which of the steps above will you follow on your journey? Write down where you see yourself financially in three years, follow through with consistent action and watch the magic unfold. 

How I Read 18 Books in 12 Months

In a previous post, I stated that I was on track to read eighteen books this year. I’m excited to announce that I’ve reached that goal! If it wasn’t for the insight and guidance of these books, I would be afraid and resistant to the many changes in my life. But without change, there is no growth and without growth, there is no progress. These books are listed in the order in which I read them. Not by rank. With that being said, here’s a summary of the eighteen books that I read this year. All books are hyperlinked for convenience. 

Book Summary 

1. The Alchemist by Paulo Coelho - This is a must-read for anyone who's beginning their self-help or self-discovery journey. I first learned about The Alchemist from a Will Smith interview and thought, "If it's good enough for Will, it's good enough for me." It discusses listening to your inner guide (intuition) and finding your treasure (fulfillment) in a way that is both easy to follow and entertaining. 

2. You Can Heal Your Life by Louise Hay - Louise Hay is considered the "grandmother of the self-help movement." She was writing about self-help stuff before it was cool. This book explores how repeating positive affirmations can heal your life in positive ways and change your mindset. Near the end of the book, there's a list of physical ailments with corresponding affirmations that can help transform your life. It leans on the power of thought. Louise Hay lived until 2017 at the ripe age of 90, so I think it’s safe to say she knew what she was talking about.

3. The Anti 9 to 5 Guide: Practical Career Advice for Women Who Think Outside the Cube by Michelle Goodman - This book is a gem for women who want to pursue a non-traditional career path. Michelle offers plenty of guidelines and resources to help you gain the skills and connections you need to plan your escape from the cubicle cell for good. 

4. You Are a Badass®: How to Stop Doubting Your Greatness and Start Living an Awesome Life by Jen Sincero - A. Must. Read! Jen Sincero is honest, bitchy and funny in this book. She reminds me of the older sister we all need. She discusses how the only person stopping you from achieving your greatest potential is you. Let me tell you. She got me ALL. THE. WAY. TOGETHER. Ok?! One of my favorite quotes from the book is: “When we are happy and in love with ourselves, we can’t be bothered with the bullshit, our own or other peoples.” Preach.

5. The Artist Way: A Spiritual Path to Higher Creativity by Julia Cameron - This is by far the best book that I read this year. The Artist Way is like the handbook for creative souls. Truthfully, we are ALL creative. We just have to unblock ourselves and tap into the creativity. Julia suggests taking yourself on weekly artist dates to help awaken your creativity and writing uninterrupted in the morning. She also has weekly activities included in the book that help you uncover your true self and identity. If you read any book from this list, this is the one to read. One of my favorite quotes is: “Creativity is God’s gift to us. Using our creativity is our gift back to God.”

6. Ayurveda: A Life of Balance - The Complete Guide to Ayurvedic Nutrition & Body Types by Maya Tiwari - This was another one of my top reads. I believe that our bodies and minds are connected. What we think in our minds (good or bad) manifests throughout our bodies. When we are mentally happy, our bodies follow suit. But if we are depressed, our bodies feel heavy or tired. This book discusses Ayurveda, which is an Indian “science of life.” 

7. Writing to Awaken: A Journey of Truth, Transformation, and Self-Discovery by Mark Matousek - This book was one of my least favorites out of the eighteen that I read. Mark Matousek gives great writing prompts to help you dig deep into your true self and reevaluate your life. While I can appreciate it, I feel like it's just an updated, less inspiring version of The Artist's Way. Some of the prompts are repetitive, but he gives good advice on how to uncover the mask we often hide behind.

8. Perfect Health: The Complete Mind/Body Guide by Deepak Chopra - If you’re not interested in Ayurveda, skip this one. But if you have even the slightest interest in Ayurveda, give it a read. This book has a more scientific approach to the topic of Ayurveda (Chopra was a practicing physician when he wrote it), but it’s a great resource for learning about Ayurveda on a deeper level.

9. Manage Your Day-to-Day: Build Your Routine, Find Your Focus, and Sharpen Your Creative Mind by 99U - This book was recommended to me and is a must-read! I like this book because it’s short, practical and easy to digest. If you're like me, you have a million and one things on your to-do list. However, it seems like nothing important ever really gets accomplished. This was a great book on time management and how to make the most out of your day. Some helpful tips I like are to avoid e-mail, create a solid creative work routine and don’t let distractions throw you off your game. Simple, yes. Easy, no.

10. Eat. Pray. Love. by Elizabeth Gilbert - Simply put I did not like this book. I was excited to read it considering the author was on Oprah and the book spent a while on the New York Times Best Seller list. However, I feel like this book is self-indulgent, oozing with white privilege and is very unrealistic. In her thirties, the author travels to three countries to "find herself." Though I appreciate her writing a memoir about her life and spiritual journey, I wasn't feeling it. I can’t relate to it in the least bit and it felt very condescending. Feel free to skip this one.

11. The Magic of Thinking Big by David J. Schwartz - Another suggested book. The Magic of Thinking Big is the most inspirational and motivational book I read. Schwartz says that to achieve big dreams you have to think big ideas! He suggests surrounding yourself with positive people who support and encourage your dreams, not doubt them. I’m sure we’ve all had a “Negative Nancy” encounter. You know, the people in your life that love to rain on your parade. When you’re changing your life for the better, oftentimes your inner circle has to change, too.

12. Eleven Minutes by Paulo Coelho - This was the only fiction book I read this year. I love Paulo Coelho’s work and this book was no exception. This book is about a young girl from a small village in Brazil who leaves home out of curiosity in search of something bigger than herself. Her path leads her down a dangerous and interesting road. 

13. Deep Work: Rules for Focused Success in a Distracted World by Cal Newport - This was a snooze fest for me. It discusses how our attention span is the new currency. News flash: companies are paying top dollar to find out what will grab and keep our attention these days. Cal Newport argues that to live a more meaningful life, you must be willing to dig deep and minimize distractions. He also argues that to succeed economically, you must be willing to learn skills that are more complicated than surface-level skills. While I understand and agree with some of his points, the book reads like one big dissertation paper, which is…boring. 

14. The Untethered Soul by Michael A. Singer - Amazing. Informative. Motivational. Easy to read. If you have trouble conquering your mind and want an introduction to channeling your higher consciousness this is a great resource. I took notes on this book (like all my books) and I pretty much rewrote the whole thing. Singer was on Oprah and he talked about some of the topics in his book, which are helpful when he explains them. 

15. The Year of Yes: How to Dance It Out, Stand in the Sun and Be Your Own Person by Shonda Rhimes - Shonda is like the auntie I wish I had. Feeling miserable in her grandiose life, Shonda decides to say yes to any and everything that scares her. Yes to saying no, yes to self-love, and saying yes to setting boundaries. The book reads like one long episode of Scandal and I love it.

16. Finding Your Own North Star: Claiming the Life You Were Meant to Live by Martha Beck - This was another top read. I like books that offer a problem, or solution, followed by a plan. This book does that. If The Artist Way is the handbook for creatives, Finding Your North Star is the road map. If you feel out of place in your current life, this book will help you create one that mirrors your soul. I’d recommend this book one hundred times if I could!

17. The 5 Love Languages: The Secret To Love That Lasts by Gary Chapman - If you're in a relationship or dating, this is a great book to help you understand how you and others communicate love. This book helped me because I thought everyone communicated love the same way, which I now know isn't the case.

18. Big Magic: Creative Living Beyond Fear by Elizabeth Gilbert - Another Elizabeth Gilbert book. I can’t be too harsh with this summary because I CHOSE to read it. But I’m mad that this was the book that I ended my year with. Big Magic talks about creating without fear and boundaries. She hooked me in. But JUST when she starts to talk about topics with substance, she starts rambling about herself and her experiences, which comes across as condescending. I guess I’m just not a fan of her writing. Gilbert says that to tap into your own Big Magic you must have "Courage, Enchantment, Permission (from yourself), Persistence, Trust, and Divinity". 

Honorable Mention: The Subtle Art of Not Giving A Fck by Mark Manson - This was the very first book that I read after I graduated college in 2016. It came at the right time when I was battling the anxieties of my ‘next step’. It gives valuable lessons we can all learn from. If you haven’t read it, you should give it a read. It’ll change your f***ng life... seriously. 

The Dilemma Between Reading Books over Scrolling Social Media

This year I challenged myself to read one book per month, for a total of twelve books for the year. I'm going to write a comprehensive summary of all of the books that I've read this year in December, but instead of twelve books, I'll be summarizing eighteen. Yep, I've almost finished eighteen books this year! This is a huge feat, considering I haven't been an active reader since middle school.

This year has proven productive in terms of growth, clarity and transformation. It has had a fair share of triumphs, and disappointments. I have learned that in life, you are responsible for your success and happiness. You have to own up to your mistakes, and that everything in life is temporary, including pain. However, pain is a necessary component for spiritual and personal growth.  

On top of reading and evolving as a person, I also made the conscious decision and effort to reduce my social media use. There are two main reasons behind this decision:

1. In order for me to read as many books as I can, and reach my book goal, I had to switch focus. Instead of scrolling through Instagram or Facebook for an hour, I used that time to read. I actually deleted my Instagram and created a new one, and I feel pretty damn good about it.

2.  The second reason I limited my social media use was because I needed a break from consuming and more time healing and creating. I read this quote by Amarachi Nwosu that said, "Once you cut out all the unnecessary influences and energies, you get closer to being your authentic self. You get closer to aligning with your true beliefs, dreams and what you want to see in the world. Sometimes you have to disconnect to connect." In short, I needed to refresh and recharge my mind and reconnect with myself.

Everything that I have learned and the books that I've read will be in the book summary that I post in December. Until then, I won't be posting much. Mostly so I can finish reading and start writing the post. Love and light. See you then!

How Can Millennials Stop Their Endless Obsession With Time?

It's been a heck of a month, but I couldn't let it to go by without writing at least one post. Between moving cities, my daughter finishing Pre-K and starting summer camp, registering her for school, looking for a new job and traveling out of state for a graduation, I'm bent.

With that being said, I wanted to discuss something that's been weighing heavily on my mind lately. Time. I think most of us have some sort of obsession with our time or lack thereof. We're either running out of time, trying to manage our time, or fighting time. Since we can't control time, we obsess over it. This month I've realized how many things can happen in a short amount of time, but also how to savor and enjoy it. To say I am living through my testimony right now would be an understatement. I've noticed that when I'm constantly rushing or not being present, time quickly passes me by. My anxiety gets worse when I obsess over how much time I'm wasting or how long something is going to take. 

Regardless of my relationship with time, I think a healthy effort to ease time related anxiety is to worry less and trust more. Trust the timing of life. Enjoy the hard times and the good ones. I have a long way to to go before my relationship with time improves, but I think being aware of the issue takes me one step closer. Let's not look at time as a competition, but more as an experience and a teacher.  

What is your relationship with time? Do you feel like time is on your side? 

Until next time...