HomePersonal SituationMy Journey’s July 16th 2009 Update

My Journey’s July 16th 2009 Update

One of the main reasons I started this site was to keep myself accountable to anyone that was reading. Ironic part, is that when I started I probably had no one reading so it was an exercise in futility!

Fiscal Update

My last update was on May 29, 2009 and before is one from March 4, 2009.  As I have indicated many times, right now I am in operati

on “Eradicate Credit Card Debt.” An unpopular but necessary war.

Credit Card 08/01/2008 03/04/2009 05/19/2009 07/16/2009
CitiCard #1 $141.99 $0 $0 $0
CitiCard #2 $7,797 $0 $0 $0
Discover #1 $1,758.30 $0 $0 $0
Discover #2 $4,797.02 $4,100 $550 $0
Discover #3 $862.70 $495 $0 $0
Bank of America #1 $1,344.97 $1,361 $0 $0
Bank of America #2 $0 $4,100 $3,800 $3,451
Totals $16,883.98 $10,056 $4,500 $3,451

The Wife and I, have gotten rid of approximately 80% of our credit card debt in 11 months. I like it! As I have mentioned in the past, The Wife and I have enough liquid savings to pay off the remaining balance, but choose not to (nor have we ever invaded our liquid savings) because the debt has always been on 0% balance transfers.   We did this by creating a modified Debt Snowball and budgeting.  This is a MUST if you are looking to get rid of a large amount of debt.

Personal Life Update

In this year’s earlier update, I discussed my family situation; specifically Pops was mid heart surgery recovery, father in law felt horrible and mom was barely walking. Well, everyone is all healed up! Pops is back to his normal (or whatever normal is for that man), Mom is up and walking again, and Father in Law is feeling better than he has in years. Great Stuff.

Then as regulars readers know, I announced the Wife and I were having a Child and subsequently announced that Life Just Sucks when we lost that same child.  Well, we are going to go about our summer not worrying about it and then attempt again when we get the green light from the Doc.

Alternative Income

I can’t imagine a better way to make side income than take advantage of being admitted to practice law.  I say side income because it certainly wouldn’t be passive! and as long as it doesn’t affect my work I am sure my current employer wouldn’t mind.  I would only practice in the area that I am very comfortable with – TRUSTS and ESTATES.

I have not pursued this enough and am kind of disappointed in myself for not doing so.  I even have a plan for each dollar that comes in if I were to do side legal work (I am thinking something like 1/3 taxes, 1/3 emergency fund, and 1/3 law school debt).  Regardless, next time I write one of these I better have freaking done some work towards this goal.

Until next time,

My Journey



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