I’m Officially Famous For Being In Debt

Oh my – so sorry for my absence!  I have been sick as a dog and finally the clouds in my mind have cleared enough to write.  🙂

Well – something big happened and I failed to report it!  In December I was interviewed by Elle from Couple Money Podcast.  Guys, I was so so nervous!!  I have never been interviewed before…actually, that’s not true.  I have been interviewed before but it was an impromptu thing at a neighborhood party so it totally doesn’t count.

Anywho, Elle contacted me regarding my story of debt and how I got through it.  Though my story really has nothing to do with being a couple (unless you count the brief marriage and divorce in the middle), it has EVERYTHING to do with money…and my lack of it.

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If you have been following here for a while, you know that writing about that time in my life was not easy for me, talking about it was even harder.   Continue reading “I’m Officially Famous For Being In Debt”

A Lesson in Judgement From My First Hater…kind of.

I have been a bit absent in the past week or so.  I have been working (a little), but mainly, I have been obsessed with my latest outlet for money talk…the Rock Star Finance Forums.  I have been spending  an extreme amount of my time chatting with other money minded peeps, reading all their blog posts, responding to comments.  RSF Forums is like having a new job – but a job I really really love and don’t get paid a dime to attend.  🙂

Well, yesterday someone on the forum asked a question in regards to debt:

“How necessary is debt to your wealth building strategy?”

I was the first to respond with “not necessary” in regards to my own tragic story of debt:

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And, due to that link, I brought in a new reader and today received the first negative reaction to that post.  The reaction I have been waiting for since the day it was published… Continue reading “A Lesson in Judgement From My First Hater…kind of.”

Pt 3 -Recovering From the Fall of My Empire

*** This post is the last of a 3 part series.  The first post will discussed the rise, the second the fall, and this post is my recovery.  I hope you’ll stick around to check them out and possibly learn from my mistakes. 😉 ***

A quick recap – The first post of this series spoke about my love affair with real estate.  How I stumbled into buying my first condo at 24.  How I quickly sold and bought a new one in the city at 25 and how I turned that one into 2 more before leaving the city for the burbs a few years later.  Part two discussed the outcome of all those properties when the real estate market took a dump.  What happens when the world around you crashes?  When your tenants stop paying their rent?  When the husband you just married turns out not to be the husband you were hoping for?  What happens when you quickly realize that you need to save yourself from the sinking world around you?

And this post?  This post is about starting over.  Regaining perspective.  And becoming the person I was before the shit hit the fan.  This post is my rebirth…

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When we last left off I was at the bottom…well, that’s not true.  The bottom happened before my last place sold.  The bottom came when I gave up hope. Continue reading “Pt 3 -Recovering From the Fall of My Empire”

Pt 2 – The Fall of My Shortly Lived Empire

*** This is post 2 of a 3 part series.  The first post discussed the rise, this one the fall, and the third my recovery.  I hope you’ll stick around to check them out and possibly learn from my mistakes. 😉 ***

The first post of this series spoke about my love affair with real estate.  How I stumbled into buying my first condo at 24.  How I quickly sold and bought a new one in the city at 25, and how I turned that one into 2 more before leaving the city for the burbs a few years later.  This post will discuss the outcome of all those properties, specifically, when the real estate market took a dump.  What happens when the world around you crashes?  When your tenants stop paying their rents?  When the husband you just married turns out not to be the husband you were hoping for?  And when you quickly realize that you need to save yourself from the sinking world around you.  This post is about survival.

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~via~

Continue reading “Pt 2 – The Fall of My Shortly Lived Empire”

Pt 1 – The Rise and Fall of My Empire…and How I Struck Back

*** This is post is 1 of a 3 part series.  This first post will discuss the rise, the second the fall, and the third my recovery.  I hope you’ll stick around to check them out and possibly learn from my mistakes. 😉 ***

In 2010 I had it all. I was newly married and settling into the house I had I always wanted, with the garden I had always wanted, and the kitchen I had always wanted (apparently I wanted a lot).  I had a great job, a home improvement blog that I loved to write, and 3 rental properties fully occupied.  From the outside looking in, life was good….but from the inside looking out I was suffering a debilitating financial tragedy wondering how had I gotten here?  To figure it out, I had to go back to the start of my love affair with real estate…

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Not mine but close!

I have always prided myself on being financially responsible.  I was financially independent from my parents at 18, I never used credit cards (unless they were paid off each month), I never skipped a bill, and my FICO score regularly hovered around 820.  I loved me some Suze Orman and read everything I could about personal finance.  I was 24, living with my boyfriend in a two flat that his brothers Realtor girlfriend owned (she lived on the first floor and us on the second).  After a year or so, my boyfriend and I decided to part ways (something about him wanting to throw all of my belongings on the front yard may have been the catalyst), so I packed up and moved out.

That break up was a sad one for me and, for the first time in my life, I started to feel dependent.  What was happening?  Me??  The girl who couldn’t wait to get out from under the parental thumb so badly that she moved all the way to Oregon at 18 just to be free!  And now she was back in her mother’s home searching for solace.  Though my mom was welcoming (and super excited to have me there) I hated that feeling and I did the worst thing I could do at that stage – I started to make decisions out of desperation.

Continue reading “Pt 1 – The Rise and Fall of My Empire…and How I Struck Back”

When an Ashtray Hits Your Window…

There are good days and bad days.  And then there are days when an ashtray hits your window.  WTF…

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No Judgement on my dirty windows sills – it’s been storming and I’ve been out of town!

While at the library today (new plan of action is working!!) I received a completely unexpected email…

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Seriously?  The first thing I could think of is why?  I don’t even smoke!!  The second is how much is this going to cost…?  August already set me back some major bucks with the death of Muffy.  Who is responsible for this quite obvious window snafu and what will it cost my September bottom line?

Continue reading “When an Ashtray Hits Your Window…”