How To Build A Life You Can Be Proud Of - Arrest Your Debt (2024)

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I feel most alive when I finally complete a long project and I am able to look back at my success. I am a very visionary and driven person by nature but even I struggle with motivation. Before I start a project, a drawing, a blog post, or save for retirement, I can clearly see what I want and expect the end result to look like.


Unfortunately, or fortunately, the end result is normally a slightly different version of what I had envisioned. Sometimes it’s better and sometimes it’s much worse. As I look over my life, I am truly blessed because I have achieved so much in a relatively short amount of time.

Create Something You’re Proud Of In A Life Of Uncertainty

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Don’t be fooled, my life has not always been sunshine and roses. I have plenty of demons and things that occasionally keep me up at night. As a police officer, I have seen terrible things I wish I could forget.

I have looked a man in the eyes who was quickly dying from gunshot wounds and I told him he would be, “ok” even though I knew it wasn’t the case. He held my hand and told me he was scared as I offered him whatever comfort I could as I watched my back for the unknown suspect.

I have hidden behind a block wall as barricaded suspects fired a gun in my direction as they hoped for a lucky shot.

I have told my best friend’s wife that he was shot on duty, and he was not doing well. I later carried his casket as we laid him to rest.

I do not shed some insight into my life for sympathy, but rather as an example. In this world, we are thrust into situations. We may enter at the beginning of a story, or at the end of someone’s story. These situations are not in our control but we are left to deal with them as best we can.

Focus On What You Can Control

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Too often I find myself focusing on situations I can not control. The situation is done and over with, but I continue to relive and overanalyze what happened and what I could have done differently.We can either spend our time trying to create complete stories out of fragments, or we can take control of our own life.

As I look back on things I have accomplished, my proudest moments are when I had a vision in my head and took steps each day to achieve it. Taking control of my personal financial life has helped me cope with the trauma and uncertainty of the things I experience that are out of my control.

Creating A Vision For Your Life

My life is full of vision, as I’m sure yours is as well. I had the main vision of creating a family which I now have been blessed with. Within this large vision, I have several other smaller visions. Financial stress plagued me in my early years but over time, I have learned it is one of the stressors that we can actually control.

I created this blog with a vision in mind. My main vision was to create a resource for my children to follow in order to avoid financial stress. I wanted to record a financially sound way of living for my children to follow. It turns out, I have been fortunate enough to bless others with this information as well.

How To Create Something You Are Proud Of

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Let’s get back to the main point of this post. How to create something you’re proud of. Here is a simple formula to follow in order to be successful in your life to create and finish visions. The creation and completion of visions help to add a sense of certainty and structure in our lives in an uncertain world. With so many uncontrollable variables in your life, follow this path to ground yourself.

  • Create a vision that you can achieve on your own.

Throughout my lifetime, I have found that people are unreliable. Yes, you can have friends and support, but ultimately relying on others to achieve your vision can often leave you frustrated. Create a vision of what you want, such as a financial state, and make sure that you can accomplish it by yourself. Others may be able to accelerate your vision and help you achieve it faster, but don’t create a vision that NEEDS the support of others to achieve it.

  • Create a vision that is specific.

For example, “I want to pay off $5000 of my debt by March.” Give yourself something specific to work towards. Avoid generalities to avoid losing motivation.

For my blog, I have a set structure that involves two original posts each week. This has kept me on task and moving forward. My smaller goals within my main vision keep me moving to my ultimate dream of creating a successful resource for my children.

  • Implement small strategies within your main vision to accelerate progress.

For instance, if you want to be debt free in 5 years, figure out what you need to do to achieve this vision. If you are $10,000 in debt, you will need to pay off $2,000 a year to achieve this vision in 5 years.

Break it down even further. $2,000 a year can still be difficult to measure, so look at it by month. If you want to pay $10,000 off in 5 years, you need to pay $166.67 a month to achieve this goal (not counting interest). Is that small enough for you or do you need to go smaller?

If you break it down to weekly, you need to save $38.46 a week to pay $10,000 in debt in 5 years. What if you could save twice as much a week? $80 saved each week would pay off your debt in less than 2.5 years!

Have a vision for yourself, but set up smaller habits and strategies to make your overall vision much easier to reach.

Working Toward A Vision Gives Me Structure And Purpose

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This is how I have been able to achieve so many projects and things in my life that I am proud of. I have an overall large vision, but I break it down into small deadlines that I know I need to meet. I even have things I do on a daily basis in order to someday achieve a much larger vision.

By creating good habits and structure in my life, I have been able to add a sense of normalcy and expected outcomes in an uncertain life. Honestly, this is probably what has kept me sane throughout my career.

Many of my friends have struggled to cope with the stress of our job which has led to suicide, depression, and self-medication. By setting up routines and structure, we can add a sense of balance to our lives rather than feeling like we are out of control.

Take Control Of Your Life – Don’t Be A Victim

I encourage you to create a vision of something that will add value to your life. If it is to be debt free, cement this vision in your mind and break it down to weekly or daily habits you need to do in order to reach your goal by a certain time.

You are much more capable than you realize. Give yourself credit and set yourself up for success. Create a budget and use it as a tool to keep you on track for your larger vision. Break it down to whatever scale you need in order to hold yourself accountable.

Avoid relying on chance or others in this life to achieve what you desire. Create your visions and go get them! If you need help creating a budget, head over to my article on budgets and don’t forget to pick up my free budget printables. Enter your email and subscribe below so you get all my latest posts.

You can do this my friends and don’t be afraid to reach out for help. You work too hard to be this broke!

-Ryan

How To Build A Life You Can Be Proud Of - Arrest Your Debt (2024)

FAQs

How can I be more responsible with my debt? ›

7 steps to more effectively manage and reduce your debt
  1. Take account of your accounts. ...
  2. Check your credit report. ...
  3. Look for opportunities to consolidate. ...
  4. Be honest about your spending. ...
  5. Determine how much you have to pay. ...
  6. Figure out how much extra you can budget. ...
  7. Determine your debt-reduction strategy.

How to use debt to build wealth? ›

One way to do this involves using a lump sum – possibly received from a bonus or an inheritance – to pay off your inefficient debt. If you then borrow the same amount and invest it, you're essentially replacing the inefficient debt with a debt that is tax-deductable and could potentially generate wealth.

How do the rich use debt to get richer? ›

Wealthy individuals create passive income through arbitrage by finding assets that generate income (such as businesses, real estate, or bonds) and then borrowing money against those assets to get leverage to purchase even more assets.

How can I save myself from debt? ›

First, always pay at least the minimum required payments on your credit cards and loans. Then allot extra money toward paying down more debt and saving, according to your goals. A debt consolidation loan or a balance transfer credit card can also help lower overall interest payments.

How to stop being financially irresponsible? ›

Being financially responsible involves making a plan for your money and sticking to it as much as possible. Controlling where your money goes might make it easier to save for emergencies, stay out of debt and build good credit.

How to overcome debt problems? ›

  1. Basic steps to help you deal with a debt. ...
  2. Step one - make a list of everything you owe. ...
  3. Step two - put your debts in order of importance. ...
  4. Step three - work out a personal budget. ...
  5. Step four - get independent advice. ...
  6. Step five - talk to your creditors. ...
  7. More useful links.

How to get out of debt and build wealth? ›

Tips for How to Get Out of Debt Fast
  1. Lower your expenses. Once you've made your budget, go through it line by line and see where you can cut back on your spending. ...
  2. Increase your income. Think of your income as a shovel. ...
  3. Cut up your credit cards. ...
  4. Know your why. ...
  5. Take Financial Peace University.
Apr 26, 2024

How can I make money to clear my debt? ›

By starting another job, whether it's a steady part-time gig or occasional side hustling, you'll bring in more money and give your budget breathing room. Pay off debt faster. Earning extra income can help you pay down debt balances faster, whether you make larger or extra payments.

How does Robert Kiyosaki use debt to build wealth? ›

His approach involves using debt strategically to enhance wealth. Kiyosaki categorizes debt into good debt and bad debt, with good debt being that which helps build wealth, such as loans used for acquiring income-generating assets like real estate, businesses or investments​​.

Do billionaires live off loans? ›

Wealthy people aren't afraid of borrowing. But they typically don't borrow money to live beyond their means or because they failed to save for emergencies or make a plan to cover expenses. Instead, rich people tend to use debt as a tool to help them build more wealth.

How do the rich use credit cards? ›

If a wealthy American must make a large purchase like a new car or a piece of expensive equipment, they may use their credit card to pay for it and then pay off the balance over time, rather than having to pay for it all upfront. This allows them to have more cash to finance investments or other opportunities.

How to pay off debt when you are broke? ›

How to get out of debt when you have no money
  1. Step 1: Stop taking on new debt. ...
  2. Step 2: Determine how much you owe. ...
  3. Step 3: Create a budget. ...
  4. Step 4: Pay off the smallest debts first. ...
  5. Step 5: Start tackling larger debts. ...
  6. Step 6: Look for ways to earn extra money. ...
  7. Step 7: Boost your credit scores.
Dec 5, 2023

How to get debt written off? ›

Which debt solutions write off debts?
  1. Bankruptcy: Writes off unsecured debts if you cannot repay them. Any assets like a house or car may be sold.
  2. Debt relief order (DRO): Writes off debts if you have a relatively low level of debt. Must also have few assets.
  3. Individual voluntary arrangement (IVA): A formal agreement.

Can I get a government loan to pay off debt? ›

While there are no government debt relief grants, there is free money to pay other bills, which should lead to paying off debt because it frees up funds. The biggest grant the government offers may be housing vouchers for those who qualify.

How to use debt responsibly? ›

  1. Only borrow what you need. Often the amount you need is far less than the maximum you're allowed to borrow. ...
  2. Take time to compare your options. ...
  3. Understand the contract. ...
  4. Make payments on time.

What is the best way to resolve debt? ›

6 ways to get out of debt
  1. Pay more than the minimum payment. Go through your budget and decide how much extra you can put toward your debt. ...
  2. Try the debt snowball. ...
  3. Refinance debt. ...
  4. Commit windfalls to debt. ...
  5. Settle for less than you owe. ...
  6. Re-examine your budget. ...
  7. Debt-to-income ratio. ...
  8. Interest rates.
Dec 6, 2023

What are three important tips for managing your debt? ›

Tips and Strategies for Managing Debt
  • The Importance of Good Debt Management. ...
  • Pay Bills When They Arrive. ...
  • Prioritizing Debt Payments. ...
  • Always Make the Minimum Payment to Avoid Fees. ...
  • Create an Overview of Everything You Owe. ...
  • Create an Emergency Fund to Avoid Unnecessary Debt. ...
  • Pay What You Can Really Afford.

How do you get out of debt when you're poor? ›

How to get out of debt when you have no money
  1. Step 1: Stop taking on new debt. ...
  2. Step 2: Determine how much you owe. ...
  3. Step 3: Create a budget. ...
  4. Step 4: Pay off the smallest debts first. ...
  5. Step 5: Start tackling larger debts. ...
  6. Step 6: Look for ways to earn extra money. ...
  7. Step 7: Boost your credit scores.
Dec 5, 2023

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