It all started to sink in when I was in college.
My dad kept telling me how he was having his house reappraised.
At first I didn't get it.
And then it finally clicked.
The reason for his reappraisals was so that his home could be valued more and he then could borrow more against it.
The realization left me lost for words and understanding.
What I did know.
I knew my dad had struggled with debt.
He already had filed bankruptcy once, but somehow managed to get approved for more credit cards. He was always buying new gadgets for his computer and other things he didn't really need.
You would think that filing bankruptcy you would learn your lesson, but unfortunately that was not the case.
He managed to rack up even more credit card debt after his bankruptcy.
One vivid memory is the white sheet of paper sitting on his computer desk that listed all of his credit card debts with the current interest rate and the next minimum payment amount.
He was constantly juggling trying to figure out how he could borrow money from one credit card to make the minimum payment on the next.
He tried to lead on that it didn’t stress him out, but I knew better.
I could see it in his face and hear it in his voice.
His debt was killing him.
I would like to think that my dad wanted something different.
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That he didn’t want to be in debt.
For whatever reason, he could never figure a way out.
Like father like son.
In college, I started down that same path. I took out student loans when I didn’t have to since the National Guard paid for my tuition and most of my fees.
A friend of mine showed me how easy it was to apply for a student loan. It was like getting free money at a vending machine. I filled out the form, turned it in, and poof, a few weeks later I had a check for $2,700 in my mailbox.
On top of that, I opened a few different credit cards and found it super-convenient to swipe them whenever I was getting ready to make my next purchase. I had even co-signed a credit card with my girlfriend at the time, forcing some of my bad behavior on her.
After a few years of kidding myself that I wasn’t becoming what my father had become, I finally woke up. Thanks to a change in mindset and a small inheritance from my grandmother, I was able to make a full commitment to get and stay out of debt for good.
The lucky one.
Reflecting back, I feel like I was one of the lucky ones. My father passed away in debt.
So many others struggle with the exact same issue and need help.
That’s why I’m starting the Debt Movement™.
I've partnered with ReadyForZero and the financial blogging community to help people pay off $10,000,000 of debt in 90 days.
In case that didn't sink in, let me repeat myself.
We are going to help people pay off $10 million of debt in 90 days.
The Debt Movement is more than just a big number. It's about giving people the tools, the motivation and the belief that they can finally taste financial freedom.
Watch the video below to learn more: