Girl Gone Frugal (again) Episode 6
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The following interview is one of my favorites. It’s one of my favorites because Jessica is one of a few people that I know and am friends with who has found herself in some of the situations that I found myself in. She also is extremely nonjudgmental about people’s financial choices and gets that every person’s financial journey is personal.
- Jessica’s financial story starts in her 20’s and loving the “Sex in the City” life
- Shoe love is real
- 2010-Her financial journey truly begins. She reflected on her Grandparents’ journey to the US from Cuba and having to restart their lives in their late 30’s…with nothing other than the clothes on their backs and no money. And, they didn’t even speak English. At the time of the recording Fidel Castro had just died…so strange.
- $56,000 her total debt.
- Got introduced to Financial Peace University and Dave Ramsey via a friend.
- Year 1-She pays off $26,000
- 2011-Life Happens
- She finds herself in the role of caregiver for her elderly Grandparents, jobless, and foreclosed on.
- 2012-Has a new job and a foreclosure.
- 2012-2014-Dealing with burn out. Not surprising.
- She’s asked the following question “What Do You Want to Do in the Next 5 Years?
- March 2015-Pays off the rest of her debt. DEBT FREE!!!
- Giving yourself space with reality happens
- We talk about being single while on a debt-freedom journey.
- I ask why she started Every Single Dollar
- The awareness that she was paying around $1000 a month to service her debt.
- Then, she got angry!
- I ask how Jessica paid off the debt.
- Follow through
- Digging Deep
- The Snowball Method
- We talk credit cards
- Living a credit free life
- Advice for people beginning the Journey.