For all you people out there that have gotten some silly large debt early in life with nothing to show for it: It can get better, If you stick it through and learn from it. There is hope!
When I was 18 just before moving out of my parents home I racked up $35,000 in debt from gambling and other reckless behaviours.
I felt it was terrible. It took me 5 years to pay it off on my own mostly working min wage or a few dollars above.
Right around the time that I had almost all of it paid off, I got a much better paying job and quickly paid off the rest.
I was so used to shovelling funds into my bank account that I just kept doing that, and living frugally... I was accustomed to it. Now I have a house and plenty of savings. The debt seemed at the time like a huge mistake... But what I learned from it was how to save essentially. While all my friends were out doing what 20-25 year old people did, (buying cars, traveling, having kids, partying, buying stuff) I spent mostly reading and attending cheap college, sitting by campfires and focusing on the future. I still did some partying, but frankly I think the debt saved me from doing even more detrimental activities. I wont get in to numbers but, I just keep saving. I am not used to spending money.
Going into debt taught me how to live frugally, yet still enjoy life.
I spent many a night crying and contemplating bankruptcy or something... anything to get myself out of debt. I was depressed at times. Luckily my family was supportive emotionally. They never gave me any money, even though I asked for help... begged at times. I'm thankful now that they did not. But they were always there to talk.
In retrospect it was one of the best things that happened to me... What did not kill me, made me stronger.
I'm sure many people do not have supportive families and face other problems as well.. I realize that I was/am lucky.
But just know that if you can manage to pay it off, and learn from it, things can get much better.
edit:Spelling
Submitted March 12, 2017 at 10:33PM by SzaboZicon http://ift.tt/2mQLei0
