Debbi King, learned about personal finance the hard way, with over $200,000 of personal debt. Now she teaches financial literacy to people across the US.
- How she had the dreams in her mind, but had no idea how to get there.
- When she hit the wall, she found herself with over $200,000 of debt, making $12,000 a year.
- Why she was looking in the wrong places for quick-fix answers.
- How she decided to start completely over. And why she would never recommend bankruptcy for someone else.
- Even after bankruptcy, she was going back to same habits that got her into the massive amount of debt.
- Personal finance is 10% math and 90% emotions.
- When she started asking herself the tough questions about, "Why was she buying all this stuff?"
- People want the magic pill- The way to fix a major financial problem without any discomfort.
- How "Keeping Up with the Joneses" got her.
- "I identified myself a lot with what I owned."
- She wasn't a fixer on things, she just replaced them.
- People are afraid of judgment and would prefer to live with the stress. It's not worth it.
- When you get the habits and emotions in order, your life will completely change.
- Financial freedom only comes when you set healthy boundaries of your emotions and habits.
- Personal finance is personal. What worked for me- may not work for you.
- How you know you are ready for a finance coach.
- Figure out where you internally to match the budget.
- It's good to take time and enjoy the journey of getting out of debt.
- Don't feel like a failure if you take time for yourself while paying off that debt.
- You have to find a plan that works for you.
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The episode "Debbi King | Hit the wall. And came out swinging," first appeared on Think Enriched.