Our Journey of Financial Freedom – Part 2

Hold Onto The “Somehow”

(Continued from Part One)

Despite our circumstances, somehow we still had vision (you may say it was tunnel vision, because all we were focused on was the light at the end of the tunnel). We knew God’s promise that “those who seek the Lord lack no good thing” (Psalm 34). My wife and I would seek the Lord together, and we knew that somehow we were going to find a way out of the hole we had dug ourselves into.

In an act mixed with faith and a little desperation, I called up one of the managers whom I had worked for as an adjuster, just to see if there was any work, anywhere. To my surprise we were given an opportunity….but there was a catch. This “opportunity” involved relocating to another state.

The decision was easy. It was either, “move and work,” or, “stay and drown.” We moved. With only a few hundred dollars (thanks to a gift from our friends!), we packed up and hit the road. Just like in Houston, we actually went further into debt the first two months as it took a while for the paychecks to start coming in. But we had been given a great opportunity, and  Beth and I worked our tails off, harder than we’ve ever worked in our lives.

“We’re Debt Free!”

After 18 months of 60-70 hour work weeks, we finished paying off our debt. At its highest, we over $119,000 in consumer debt. This included $44,638 on five credit cards, $30,243 on a home equity loan, $37,242 in school loans, and $7,000 on a car loan.There were many times we wanted to quit and move back home, but in our hearts we had a vision of what our life could be without debt, and we reminded each other daily of that vision.

Our journey isn’t simply one of working hard and paying off debt. We had to let go of the mindsets that kept us in debt. We had to sever the spending habits that kept us broke. We had to learn to have financial margin in our lives.

It’s now March, 2011, and in just a few months, we’re having our first child. I’m thankful that Beth and I were able to close the chapter of debt in our lives before writing our chapter on family.

Our goal in writing this is to inspire you to go for it. To help you see that that debt is imprisoning your purpose, but that freedom is possible. Your purpose is worth it. Your marriage is worth it. Your future is worth it. If we can do it with six figures of debt surely you can as well.

If you haven’t signed up for our newsletter, do so now. You’ll also receive our special report detailing the first step you need to take to get out of debt that no one talks about. Stay connected with us and let us walk (or run!) beside you in your journey of financial freedom.

Committed to your success,

-Wesley

PS: We’d love to hear from you! Please add a comment below. How is your story similar to ours?

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12 Responses to “Our Journey of Financial Freedom – Part 2”

  1. Rosabelle Says:

    Wow! Thank you for sharing your story. Although I have never had a credt card nor plan on getting one I am very inspired by you both. I know that until I finish school and get a full-time job to start paying back my student loans that debt in going to increase and so will the intrest. Any thoughts on how I can start working to reduce my debt with two more years of Dental School in front of me? Kkkk

    Reply

    • Wesley & Beth Says:

      Way to go with no credit cards! One quick thought I had about your question regarding the school loans is to simply go talk to the financial aid department at your school. Just out of curiosity at the beginning of my senior year I went and talked to them to see if there were any scholarships that I qualified for, and I was able to get about $2000 knocked off my tuition. However, with a dental school it may be different, but it is still worth asking. It’s a great question; we’ll put some more thought to it and try to address it in a future post. Thanks! -WW

      Reply

  2. Christy Says:

    Wow…what a journey! I “know” many great financial principals, but following them is the hard part. I’m looking forward to more stories of inspiration and tips and tricks to keep me motivated to stay on the path of financial freedom.

    Reply

    • Wesley & Beth Says:

      Thanks Christy! That means a lot to us! We hope you enjoy the posts!

      Reply

  3. Aunt Patti Says:

    I am so proud & happy for you. That’s quite an accomplishment.

    Reply

    • Wesley & Beth Says:

      Thank you so much! We are pretty thrilled too!

      Reply

  4. Michelle Kutcher Says:

    such an amazing story!! Praise God!! We are on our last week with Financial Peace University and have only $2,300 in school debt left and our mortgage (which we want to pay off too!) we should go on a double date one of the days! miss you and love you both, michelle

    Reply

    • Wesley & Beth Says:

      Michelle that is awesome!!!!! It is just so exciting isn’t it!! We should definitly go out together soon! That would be fun!!
      Beth

      Reply

  5. Rachel Says:

    :) This entire site makes me SO happy! I love knowing you. I love knowing more of your story, though I didn’t get to be apart of walking any of that out with you. I love that you’re sharing your story with others & stepping out in faith once again to lead others. You are changing the nations. :)

    I love & miss you guys so much! So excited for this next season of your life.
    -Rachie

    Reply

    • Wesley & Beth Says:

      Rachie! It makes me so happy to read that! I am so encouraged by your sweet words! You just exude joy my friend! Wish you didn’t live so far away, but so glad you do..for the sake of others!
      Beth

      Reply

  6. Nereida Says:

    Wileys!!! Wow!!! Can I just say I love your faith and passion… I always have… and that in reading your story I once again feel inspired and ENCOURAGED to continue on this journey of getting out of debt. It’s been going on for way too long now. I miss you all so much, but reading this somehow helps me feel that heart connection once again. I’m in tears right now… good tears :) Love you both!!!!

    Reply

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