This is intentionally so, as the name "My Debt Emergency" simultaneously freaks me out and makes me laugh. One of the bloggers who inspires me and is causing me to make some serious shifts in my attitudes towards money, finance, and debt is Mr. Money Mustache. You may have heard of him. He retired from his office job around age 30 and is living a good life with his family, unburdened by debt and only works on things he wants to work on.
His blog post called "News Flash: Your Debt is an Emergency!!" really resounded with me. Here is what he wrote:
"Your Debt is not something you 'work on'. It is a HUGE, FLAMING EMERGENCY!!!"
He also compared debt to having a swarm of killer bees constantly stinging you:
“AAAAAUUUUUUGGGHHHH!!!! THERE IS A CLOUD OF KILLER BEES COVERING EVERY SQUARE INCH OF MY BODY AND STINGING ME CONSTANTLY!!!! I NEED TO STOP IT BEFORE I AM KILLED!!!”
I had a few laughs over this. So whenever I read the name of my blog, I have a laugh when I'm reminded of this quote by Mr. Money Mustache, and I hope you do too.
The truly insightful portion of his blog post:
While I have no consumer debt (anymore, thankfully), I have to come to terms with the fact that I am indebted to several lenders and will be until this debt is eliminated, and that killing this debt will take a lot of hard work. It may hurt a little, but it will be worth it. The biggest thing I have to gain from all this is that the more effective I am at eliminating this debt, the more I will have learned about being smart with my money and making it go as far as it can. That, in my view, is one of the best investments I can make over my lifetime.