Author Topic: Trying to get my life together...don't know where to start..  (Read 19567 times)

Jschange

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Re: Trying to get my life together...don't know where to start..
« Reply #50 on: November 20, 2015, 02:04:27 PM »
NewJourney, congratulations on the job. The opposite schedules thing is temporary, but until your schedules get matchy, spend your awake off hours taking care of yourself. Maybe counseling or a doctor visit, maybe bubble baths or an adult coloring book, or mastering a skill via the magic of YouTube tutorials.

And you'll find quality time - breakfast dates at home with a nice omelette, or a weird half hour that you're both available for hot chocolate and holiday cookies.

Good luck!

Malum Prohibitum

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Re: Trying to get my life together...don't know where to start..
« Reply #51 on: November 20, 2015, 02:09:44 PM »
Well...I did it. Got hired.  It's for a front desk job..40 hours plus overtime each week. 

I should be excited. But I'm not. I actually feel depressed..I have to work all holidays. Mostly night shifts, every weekend. I won't even get to see my boyfriend at all (as he works the exact opposite shifts). I'm required to work all holidays. (So no vacations).

I might be sounding like a spoiled snob right now, but it truly is exactlly the opposite life that I wanted to life. I feel like I have to do this because I failed at achieving something different.
  It's temporary.  Look at it as a stepping stone, a tool to getting where you want to be.  Do your best.  Excel.  Keep looking for something better.  Make wise financial choices. 

Soon, you will look back at this thread and laugh.

Most of us have been where you are . . .  I know I have.  I worked many holidays and many night shifts when I was younger.  I wish I had invested a lot more money back then and refused to borrow money for cars and other things.

MMM did not exist, nor did the internet.

The advantages you have over me are very valuable if you choose to exploit them.

ohana

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Re: Trying to get my life together...don't know where to start..
« Reply #52 on: November 20, 2015, 02:30:49 PM »
Whether or not you like Guy Fieri, you should listen to this little bit of wisdom I heard from him.

He knew what he wanted to do from a very young age:  be a chef.  But you don't get to be a chef without a lot of work first.  His first job in a restaurant was as a dishwasher, and he wasn't happy about starting there.  But his dad told him that if he was going to be a dishwasher, he should be the best damn dishwasher that restaurant had ever seen.  And he moved up from there.  He saved enough money from that job to study in France, and look where he is now.

Be the Best Damn Front Desk Person there has ever been.  Turn yourself "on" when you get to work and do the shit out of that job.  That's how you get ahead.  Get to it!

jss42

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Re: Trying to get my life together...don't know where to start..
« Reply #53 on: November 20, 2015, 02:58:42 PM »
If you hadn't posted your age undoubtedly it could be guessed you were born in the late 80's early 90s.

Sailor Sam

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Re: Trying to get my life together...don't know where to start..
« Reply #54 on: November 20, 2015, 03:06:25 PM »
Whether or not you like Guy Fieri, you should listen to this little bit of wisdom I heard from him.

He knew what he wanted to do from a very young age:  be a chef.  But you don't get to be a chef without a lot of work first.  His first job in a restaurant was as a dishwasher, and he wasn't happy about starting there.  But his dad told him that if he was going to be a dishwasher, he should be the best damn dishwasher that restaurant had ever seen.  And he moved up from there.  He saved enough money from that job to study in France, and look where he is now.

Be the Best Damn Front Desk Person there has ever been.  Turn yourself "on" when you get to work and do the shit out of that job.  That's how you get ahead.  Get to it!

Agreed!

Bracken_Joy

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Re: Trying to get my life together...don't know where to start..
« Reply #55 on: November 20, 2015, 03:15:12 PM »
If you hadn't posted your age undoubtedly it could be guessed you were born in the late 80's early 90s.

In the OP she says 24.

Dezrah

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Re: Trying to get my life together...don't know where to start..
« Reply #56 on: November 20, 2015, 04:12:18 PM »
I think I speak for many of us when I say we are so proud for you. Do you know how many people come through this forum, complain about their situation, get great advice, and then do absolutely nothing different? Lots. You are not one of those people; you're making real steps to improve your situation and that is awesome. Trust me, if anyone thought you were taking a step backwards they'd tell you.

And give yourself permission to still be less than thrilled. I think society's whole expectations on mandating exactly how someone should feel (or else they should feel bad) is only counterproductive.

Not immediately bonding with your new baby? Wrong, you're a bad parent! Did you attend a funeral  and felt accepting enough that you didn't cry? Wrong, you clearly didn't love the person. Did you just get a kinda crappy job after a period of unemployment and feel anything less than ecstatic? You get the idea.

You can't control your feelings but you can control your actions and you are doing just that. Hang in there.

Landlord2015

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Re: Trying to get my life together...don't know where to start..
« Reply #57 on: November 20, 2015, 04:25:49 PM »
Well the one advice I do give. It is about cashflow as in
cashflow=income - expenses.

I know you don't wanna hear it but I bet your car is your biggest expense. If you would sell your car your economy would improve I am pretty sure about that.

Ok so your income is decent, but not great. However at least some of the bills your prince pays which sounds great.

Anyway what you need to learn is save money. See how much money you can save each month and at same time try to pay off your loans.

Since this is USA with high study costs I am not the right person to recommend anything like that since I am from Europe.

Starting a firm sounds very risky to me... but whatever you would do have some savings like 20k-30k it is great if you want start a very small business or even better what I would do buy a very small and less expensive apartment.

Your first apartment does not need to be your dream house. However what I have seen many do pay decades rent and never ever buy even a small apartment.

I don't know about USA, but in my country Finland(Europe) costs(after the mortgage is paid) of an apartment is much less then the rent/month.

I mean a very cheap apartment... and make sure that apartment don't get pipefixing repairs in more then a decade because that repair is very expensive!
« Last Edit: November 20, 2015, 04:47:26 PM by Landlord2015 »

bigstack

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Re: Trying to get my life together...don't know where to start..
« Reply #58 on: November 20, 2015, 04:51:48 PM »
kid... the majority of people don't like their jobs.... society has lied to you about how everyone loves their job. we dont. you sound depressed and think that you are the only one that feels like your life is not as great as it should be and thus you are the one person being cheated in life.

anyone that says they love their job ask them what they are gonna do on vacation or in retirement, if the answer is anything but what they are  doing now then you can call into question how much they actually "love" their job.

we all just want the most amount of money for the least amount of work. we do the crappy jobs cause we have responsibilities to pay for. it is just part of life.
some jobs are more tolerable than others... hell some jobs start off great... but in the end they are a job. you are trading time for money. thus get the most for your time. when you are not trading time for money do things to improve your life and that make you happy.

start realizing that you need to go and do jobs you hate then get new jobs... always looking for the highest bidder for your services. one thing leads to another. in other words dont feel like this is the job you are going to have for the rest of your life. at the low wage level you need to change jobs at least once a year for only two reasons:
1. more money.
2. you will learn a skill that will get you #1.

if you are making less than 80k a year and you stay at the same job without looking for more money/salary you are doing it wrong.

People don't start doing what they really want till they are not dependent on a paycheck.



Malum Prohibitum

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Re: Trying to get my life together...don't know where to start..
« Reply #59 on: November 21, 2015, 06:38:32 AM »
kid... the majority of people don't like their jobs.... society has lied to you about how everyone loves their job. we dont. you sound depressed and think that you are the only one that feels like your life is not as great as it should be and thus you are the one person being cheated in life.

anyone that says they love their job ask them what they are gonna do on vacation or in retirement, if the answer is anything but what they are  doing now then you can call into question how much they actually "love" their job.

we all just want the most amount of money for the least amount of work. we do the crappy jobs cause we have responsibilities to pay for. it is just part of life.
some jobs are more tolerable than others... hell some jobs start off great... but in the end they are a job. you are trading time for money. thus get the most for your time. when you are not trading time for money do things to improve your life and that make you happy.

start realizing that you need to go and do jobs you hate then get new jobs... always looking for the highest bidder for your services. one thing leads to another. in other words dont feel like this is the job you are going to have for the rest of your life. at the low wage level you need to change jobs at least once a year for only two reasons:
1. more money.
2. you will learn a skill that will get you #1.

if you are making less than 80k a year and you stay at the same job without looking for more money/salary you are doing it wrong.

People don't start doing what they really want till they are not dependent on a paycheck.
Wow, bigstack, excellent post!

tipster350

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Re: Trying to get my life together...don't know where to start..
« Reply #60 on: November 21, 2015, 09:39:14 AM »
I started my career journey at the Front Desk. I had no direction in life, and didn't actually for most of my working life. I tried to do my best at the job, and I explored other jobs. I kept trying, though I felt that everyone else seemed to have a better situation and clear goals.

My move out of the hospitality industry was to a secretarial position in a very bad department in a good company. I won't go into why it was bad but it was...very upsetting and horrifying. But that job got me at least into the pink collar ghetto, which was a step up, and with good benefits, and holidays off.

It hasn't been easy, but I kept trying to seize opportunities to learn important skills along the way, and they do come but it is up to us to recognize them and have the right attitude. I furthered my education at night. I now have an upper middle class income. But it has taken me years of trying, years of bad jobs. I never found my passion. Some of us never do and that is okay, not ideal but okay. It's what we make of it.

Girl, no one is going to hand you a great job and a great life on a silver platter. It is going to take a lot of hard work. You have to build skills, learn, go back to school for something most likely, keep at it. That is the reality of life for most of us and you are not a special snowflake that is entitled to have all holidays off, a high income, etc etc. Go out and work your front desk job and start making something of your life even if you don't know how that will play out yet. Doors will open if you are willing to see them and pursue opportunities to learn.

2ndTimer

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Re: Trying to get my life together...don't know where to start..
« Reply #61 on: November 21, 2015, 10:40:07 AM »
Stop thinking about the distant future.  It won't be there when you get there anyway.  Think about something positive you can achieve THIS WEEK.  For example, I assume you are making plans to carry your lunch to work.  Do you have everything you need for that?

NewJourney

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Re: Trying to get my life together...don't know where to start..
« Reply #62 on: December 17, 2015, 08:27:37 PM »
UPDATE:

Hey everyone! So..here is an update on how things are going so far. It's my last day of training and I feel like I'm making a bit of progress!  I have:

Credit card debt: $0
Student loans: $6,200
Car: $13,600
Bank: $1000
Savings: $3000

I also have a second job to add one or two extra days per week.

I'm making slow and agonizing..but I'm getting there! I'm embracing every dollar to get me out of debt this year. First pay check comes next Friday!  I just really want to get a jump start and get something paid off, bad idea to take $2000 from savings to throw at loan? I do want some cushion. What do you guys think?

Thank you for the support btw. Things seem better now that I'm going somewhere.

MicroRN

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Re: Trying to get my life together...don't know where to start..
« Reply #63 on: December 18, 2015, 10:32:36 AM »
Keep the money in savings for now.  You aren't even out of training yet.  Wait until you have been in the job 3-6 months and feel that it's stable.  Good for you for getting excited about paying off the debt! 

Sailor Sam

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Re: Trying to get my life together...don't know where to start..
« Reply #64 on: December 18, 2015, 10:46:00 AM »
Great progress!

Is 'Bank' savings, or debt? Either way, I'd personally continue to save until you've amassed at least 6k. Then you can throw everything towards the debt. I can't remember, are you in a position to sell the car, and get a beater? The process would indeed be a pain, but the psychological benefit of being out of debt is a big payoff.   

Malum Prohibitum

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Re: Trying to get my life together...don't know where to start..
« Reply #65 on: December 18, 2015, 11:24:59 AM »
I also have a second job to add one or two extra days per week.
  Turning into a go-getter!

2ndTimer

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Re: Trying to get my life together...don't know where to start..
« Reply #66 on: December 18, 2015, 11:50:49 AM »
Bravo!!  Now what is the next plan?  Move up in one of the companies you currently work for? Follow up on the house flipping idea?  Something new caught your eye as a result of all the things you have already achieved?  Bring it here.  We love making suggestions.

ohana

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Re: Trying to get my life together...don't know where to start..
« Reply #67 on: December 18, 2015, 11:54:28 AM »
Good job!  I wouldn't take too much of that savings at this point; you want to have a cushion for any bad things that may come up.  But maybe take $500 and use it to lower your debt -- it will feel like a million bucks and be worth it.

If you're like many of us here, you will get happier and happier as you see the numbers tip in your direction, and it will motivate you to move forward.

FenderBender

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Re: Trying to get my life together...don't know where to start..
« Reply #68 on: December 18, 2015, 02:11:17 PM »
24 and no kids to get in your way... perfect, you are doing fine... just pay your debt down and keep it down and you'll eventually do very very very well in life.

NewJourney

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Re: Trying to get my life together...don't know where to start..
« Reply #69 on: December 18, 2015, 05:39:28 PM »
Great progress!

Is 'Bank' savings, or debt? Either way, I'd personally continue to save until you've amassed at least 6k. Then you can throw everything towards the debt. I can't remember, are you in a position to sell the car, and get a beater? The process would indeed be a pain, but the psychological benefit of being out of debt is a big payoff.

Bank is my checking account :-)

NewJourney

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Re: Trying to get my life together...don't know where to start..
« Reply #70 on: December 18, 2015, 05:43:26 PM »
 I'm confused. In my mind I thought that I should set aside $1,000. And then just throw every single cent at debt.and then after its paid off, then save. I could probably be debt free my this time next year if I stick with things.

 I also know I have an average of $2000 coming back from taxes.

What do you guys think?

Sailor Sam

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Re: Trying to get my life together...don't know where to start..
« Reply #71 on: December 18, 2015, 06:01:26 PM »
I'm confused. In my mind I thought that I should set aside $1,000. And then just throw every single cent at debt.and then after its paid off, then save. I could probably be debt free my this time next year if I stick with things.

 I also know I have an average of $2000 coming back from taxes.

What do you guys think?

In the end, the size of your emergency savings is a personal decision based on your preference for risk. You can find lot'o threads on both the pro and con side. Lots of conventional wisdom calls for 3-8 months in emergency savings. In my mind, if you have a sizable and stable non-monetary safety net then you can maintain a lower emergency fund. If your safety net is smaller it's better to have a larger emergency fund.

If I had your cashflow and savings, I would keep the ~4k in savings and checking as your emergency fund, and throw the tax refund to debt. 

Dezrah

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Re: Trying to get my life together...don't know where to start..
« Reply #72 on: December 21, 2015, 01:12:33 PM »
I'm confused. In my mind I thought that I should set aside $1,000. And then just throw every single cent at debt.and then after its paid off, then save. I could probably be debt free my this time next year if I stick with things.

 I also know I have an average of $2000 coming back from taxes.

What do you guys think?

This is Dave Ramsey's method to get down to $1k cash. People around here have mixed opinions about his advice in general but the consensus is his "debt snowball" system is pretty good for the psychological quick wins keeping people engaged. However, unlike Dave Ramsey, people here won't chew you out if you deviate to a system that works best for you.

Personally, I think $1k cash is a bit low these days (he hasn't changed the number in the past 15 odd years I've been listening), but if you feel comfortable with it and are motivated by the reduction in debt then don't stress about it in the short term.

Malum Prohibitum

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Re: Trying to get my life together...don't know where to start..
« Reply #73 on: December 28, 2015, 03:30:35 PM »

Credit card debt: $0
Student loans: $6,200
Car: $13,600
Bank: $1000
Savings: $3000

I also have a second job to add one or two extra days per week.

I'm making slow and agonizing..but I'm getting there! I'm embracing every dollar to get me out of debt this year. First pay check comes next Friday!  I just really want to get a jump start and get something paid off, bad idea to take $2000 from savings to throw at loan? I do want some cushion. What do you guys think?

Thank you for the support btw. Things seem better now that I'm going somewhere.
  For a jump start I would address that car.  $13,600 of debt is a lot of debt.  Without car payments you could knock out that student loan a lot faster. 

What interest rate on the student loan debt?

Over 4% - throw every penny at it.  Keep maybe $1500 in savings. Use the $2000 tax refund to pay down student loan debt.

Under 4% - keep putting money in savings.  When you have enough cash in savings to pay off the student loan, make a decision at that point about stroking a check and pay it off all at once.

Car: Sell it.  Therefore the interest rate is irrelevant.

Hey, you have only two debts.  Congratulations on not having any credit card debt!

This is easily fixable, especially now that you are out there hustling and picking up extra jobs.

NewJourney

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Re: Trying to get my life together...don't know where to start..
« Reply #74 on: December 30, 2015, 05:55:21 PM »

Credit card debt: $0
Student loans: $6,200
Car: $13,600
Bank: $1000
Savings: $3000

I also have a second job to add one or two extra days per week.

I'm making slow and agonizing..but I'm getting there! I'm embracing every dollar to get me out of debt this year. First pay check comes next Friday!  I just really want to get a jump start and get something paid off, bad idea to take $2000 from savings to throw at loan? I do want some cushion. What do you guys think?

Thank you for the support btw. Things seem better now that I'm going somewhere.
  For a jump start I would address that car.  $13,600 of debt is a lot of debt.  Without car payments you could knock out that student loan a lot faster. 

What interest rate on the student loan debt?

Over 4% - throw every penny at it.  Keep maybe $1500 in savings. Use the $2000 tax refund to pay down student loan debt.

Under 4% - keep putting money in savings.  When you have enough cash in savings to pay off the student loan, make a decision at that point about stroking a check and pay it off all at once.

Car: Sell it.  Therefore the interest rate is irrelevant.

Hey, you have only two debts.  Congratulations on not having any credit card debt!

This is easily fixable, especially now that you are out there hustling and picking up extra jobs.

So the car is 2.1% interest

Student loan in 3.5%

Does that change it at all? My plan was to pay off the student loans (already $1500 down), then make $1,000 payments on the car and throw the rest of income into savings.

sisto

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Re: Trying to get my life together...don't know where to start..
« Reply #75 on: December 30, 2015, 06:10:57 PM »
I also vote for sell the car. You have enough money in savings to buy a car outright. Then you can throw all the extra money at the student loan. You will be at a positive net worth in no time.

 

Wow, a phone plan for fifteen bucks!