Friday, October 26, 2012

OMG . . . .I just planned my whole life.

OMG . . .I just planned my whole life.

I just spent two hours furthering my financial plan. Except this time, I was good enough with numbers that I didn't  stop until I had calculated my entire life. I figured up a plan to pay off my debt, my interest rate losses, the number of months for each debt portion, the age of my retirement if I stick with teaching, how long the gap is between retirement and health care, and how I pay for insurance in between, and how I pay for retirement. Yikes. I've never looked that far into my future. It kinda sucked. To actually see the end of my life makes it so much nearer. I had a feeling of, so this is it??

It's good to save and good to have a retirement plan. But now that I can see it clearly, yuck. What's the most enjoyable part of life? The 25 years of working full time and trying to live within my means? Will I be able to travel during that 25 years? Will I be able to travel when I retire? Is this how I want to spend my last portion of healthy adult life?

I listened to a great video from manvsdebt. He challenged people to decide what "freedom" means and then do whatever it takes to obtain it. For me, freedom is the ability to travel to my hearts content. My career allows me plenty of time to travel but not much money. If I refrain from debt I could potentially travel about six times per year. Hey, I think that would be good enough! Unfortunately, I do have to sacrifice the next 20 months to get out of unnecessary debt. After that, it will take about 7-9 years to pay off my college education. Should it take 7 years to pay for college? I guess so. I'm not planning to get a car loan or a mortgage, ever.

So, yeah, it's all figured out and that makes me happy and content. Thats a huge relief!Now it's time for action. I have big goals in mind and a list of things to do. I just need to step back now and decide: is this going to work and is this really what I want? This life is short and it's passing by at full speed. I'm looking at my future, at the next two decades and how much sacrifice I have to make in order to obtain "freedom," and making sure my commitments are worthwhile. When I'm old and bedridden, I want to look back on a life that makes me smile. Although I have a feeling I will just be planning, still planning what little time I have left.

Saturday, October 6, 2012

My first show. . . . . .and a little on debt

Well last night I had my first Art Show. Actually I had two paintings in a group show, but I consider it checked off my bucket list and it was really cool. Thanks to a local artist and seemingly entrepreneur, Dustin Schmidt, ten young artists put together a collection of pieces. We were in the newspaper and had a great opening reception. Thanks to him and all the great people that came it was a success.

It has me thinking that I could paint a whole series or just paint and see what I end up making. It would be even cooler if I actually sold something and could consider it profitable and use it to whittle down my debt.

The reason it immediately goes to my mind to whittle down debt is because debt is my biggest obstacle to what I really truly want: traveling. I just want to travel. Plain and simple. It is my heart and soul and life fulfillment.

Life is great and I finally feel like everything is in it's place except for one thing: the battle between traveling and debt. Of course I make the minimum payments, but I have that nagging feeling that it should be prioritized. And I will admit there is pressure coming from Darrin. I'm not sure why though, what's the benefit of paying it off early besides I will no longer feel guilt about living life the way I want? And why does it have to be that way, guilt and burdensome? Everyone has debt . . .our country is built on it, our government is the king of it, and it doesn't go away. Why can't I just travel when I have extra money without that being a bad thing? After calculations it would take 7 years of not traveling to pay for my education, which is the bulk of my debt. It would take 1.5 years to pay off the credit card and contract fine. But my biggest question is this. . . . . .why does it need to be eradicated so quickly and what's the reward of doing so? It seems more like self punishment to rush and sacrifice for seven years without any kind of life changing end result or reward. Just sayin.

Anyway, the art show was cool. Maybe I can do my own one day. But what's really on my mind is something else . . . . . .