Debt Dunk

This blog is here strictly for one reason. I hate DEBT! It is the biggest misconception placed on society. Did I buy into it? Of course I did. I was raised on the great concept that to get credit, you have to have credit. So at age 18 I was working for Sears and applied and got my first credit card from them.

I went out and purchased a VCR and then a new television. This was great; it was instant gratification at its finest. Buy now pay later. It was the American way right? Who cares that I was paying minimum payments at 24% interest. I had the great entertainment. It only cost me $22 a month. Well I learned that at that rate. I little $1000 I borrowed would only take 111 months. Holy cow! That was almost ten years. That great TV and VCR would be all at age 28. That was a huge wake up call. It was going to cost me $2442 for that TV and VCR. Worst part was, the VCR was refurbished because when I was 18, VCR were almost $1000 new.

I paid off that credit card as fast as I could and would love to tell you that the story of my credit cards ended there. Even with my new found knowledge at 18 of interest rates, I followed the normal society and charged and borrowed. That is what normal people do right. No that is what creditors want you to believe. I learned more and more as I grew older and made tons of stupid mistakes but all that has changed and that leads me to this point.

This blog will hopefully inspire you, kick your butt a little, and educate you in the matters of debt. My mistakes and my education will hopefully save you before you make the mistakes or help you if you are sinking in debt. Feel free to jump in and be part of my journey to wipe out all debt!