My partner's company allows domestic partners to added to the insurance. I now have some benefits! The problem is we won't have them for long because she is also going to go out on her own. She has some lingering debt so she is not quite ready yet. I'll make some doctor's appointments so we can stay healthy in the mean-time!
I have been working more than one small business. I invested in a teeth whitening business. I am also selling insurance. I have been licensed in my state for over a year, but I've only sold one policy in the past year. I am pushing myself to make 40 phone calls every day and that should get me 4 quotes: I only started this new policy last week. It's amazing how distracted I can get!
I blog all about my pursuit to find out what I was going to do when I grow up here. I'm writing a lot more now, and I even got paid for some of the articles I've written! That means I'm now a professional writer too!
Sunday, June 19, 2011
Wednesday, January 5, 2011
It happened to me
Suze, if you are reading this...you were right! Here I was a school teacher. School teachers always know that they will have a job at least until the end of the school year...right? Wrong!
Ok, I'll back up. I was deeep in debt and thought I was managing things just fine. I had a couple of credit cards at a couple of thousand dollars each, student loans, and a $15,000 line of credit. I was making more than the minimum payment on each card. One day I got a whammy in the mail; visa said they were not renewing my card.
It turned out to be a nation-wide trend of credit card companies closing lines of credit. If you
read my prior posts you know that I struggled with not having that credit. I got serious about getting out of debt and started watching Suze Orman, Gail, and Clark Howard on a routine basis...(I still do.)
Suze screams 8 month emergency fund, then get out of debt. I got myself a solid month of emergency funds and then I started halving what I sliced out of my monthly budget. One half went to the emergency fund and the other to paying off my debt.
I managed to completely eliminate my credit cards and my line of credit. I also built my emergency fund to 3 months. My goal was to get to Suze's 8 month emergency fund even though I didn't think I really needed it. I was a teacher and I was under contract for the next 7 months.
Then it happened...I got sick. I ended up with a medical disability. I don't think I will ever be able to teach again.
At first I felt like climbing under a rock and dying but then I realized how lucky I was that it happened when I had no credit card debt and an actually savings account! I could have been far worse off. Now I had to look at this as an opportunity and somehow benefit from it.
I am well on my way to becoming a profitable independent business owner and I don't have to fear a certain demise all because I had the help of Suze and the gang.
Check out my new teeth whitening business on thumbtack.
Ok, I'll back up. I was deeep in debt and thought I was managing things just fine. I had a couple of credit cards at a couple of thousand dollars each, student loans, and a $15,000 line of credit. I was making more than the minimum payment on each card. One day I got a whammy in the mail; visa said they were not renewing my card.
It turned out to be a nation-wide trend of credit card companies closing lines of credit. If you
read my prior posts you know that I struggled with not having that credit. I got serious about getting out of debt and started watching Suze Orman, Gail, and Clark Howard on a routine basis...(I still do.)
Suze screams 8 month emergency fund, then get out of debt. I got myself a solid month of emergency funds and then I started halving what I sliced out of my monthly budget. One half went to the emergency fund and the other to paying off my debt.
I managed to completely eliminate my credit cards and my line of credit. I also built my emergency fund to 3 months. My goal was to get to Suze's 8 month emergency fund even though I didn't think I really needed it. I was a teacher and I was under contract for the next 7 months.
Then it happened...I got sick. I ended up with a medical disability. I don't think I will ever be able to teach again.
At first I felt like climbing under a rock and dying but then I realized how lucky I was that it happened when I had no credit card debt and an actually savings account! I could have been far worse off. Now I had to look at this as an opportunity and somehow benefit from it.
I am well on my way to becoming a profitable independent business owner and I don't have to fear a certain demise all because I had the help of Suze and the gang.
Check out my new teeth whitening business on thumbtack.
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