33. Debbi King

Debbi King

Debbing King
http://podcast.thinkenriched.com/33

Debbi King, learned about personal finance the hard way, with over $200,000 of personal debt.  Now she teaches financial literacy to people across the US.

  • How she had the dreams in her mind, but had no idea how to get there.
  • When she hit the wall, she found herself with over $200,000 of debt, making $12,000 a year.
  • Why she was looking in the wrong places for quick-fix answers.
  • How she decided to start completely over. And why she would never recommend bankruptcy for someone else.
  • Even after bankruptcy, she was going back to same habits that got her into the massive amount of debt.
  • Personal finance is 10% math and 90% emotions.
  • When she started asking herself the tough questions about, “Why was she buying all this stuff?”
  • People want the magic pill- The way to fix a major financial problem without any discomfort.
  • How “Keeping Up with the Joneses” got her.
  • “I identified myself a lot with what I owned.”
  • She wasn’t a fixer on things, she just replaced them.
  • People are afraid of judgment and would prefer to live with the stress.  It’s not worth it.
  • When you get the habits and emotions in order, your life will completely change.
  • Financial freedom only comes when you set healthy boundaries of your emotions and habits.
  • Personal finance is personal.  What worked for me- may not work for you.
  • How you know you are ready for a finance coach.
  • Figure out where you internally to match the budget.
  • It’s good to take time and enjoy the journey of getting out of debt.
  • Don’t feel like a failure if you take time for yourself while paying off that debt.
  • You have to find a plan that works for you.

Resources mentioned:

Questions?  Let’s talk:  amy@thinkenriched.com

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The episode “Debbi King | Hit the wall.  And came out swinging,” first appeared on Think Enriched.