I personally love Anderson Cooper and I noticed on his website that he is looking for guests on his day time talk show to share their frugal tips; as a personal finance blogger and a girl who went from almost being bankrupt to building wealth I feel as if I am the perfect guest. It’s also the perfect opportunity to promote my new book “A Better You”. I want people to know that they can make changes in their personal financial situation, no one has to be unhappy if they don’t want to be.
This is my letter to Anderson Cooper, if you were him would you have me on the show?
Dear Anderson Cooper, (as if he personally reads the letters)
I am a personal finance blogger and a certified financial planner who went from almost being bankrupt to building wealth within 3 years. As a young professional I used to earn a six figure income and I lived a carefree life where I spent money recklessly. It was actually kind of ironic because as a certified financial planner every day I would advise people how to save and invest their money but I couldn’t take my own advice.
I was in my 20s and I was tens of thousands of dollars in debt. I was only making the minimum payments on my debts because the debt didn’t bother me. I complained about having debt but I enjoyed spending money so I used my six figure income to make the minimum payments on my debts and I spent the rest of my paycheck on vacations, eating out in restaurants and materialistic good like a new car, a new television and lots and lots of clothes. Then the market crashed.
I lost my job in personal finance and I had no way to pay my bills, needless to say my extravagant lifestyle drastically changed overnight. I felt defeated, like I had failed at life. I spend 4 years in university and 2 years earning my financial planning degree only to have my entire world shattered in less than 24 hours. My entire professional life was about personal finance and I had no backup plan.
I eventually picked myself up off my bathroom floor and I started to look at my new situation as an opportunity to start over as oppose to a personal crisis. I had a second chance at life and trust me I did it differently the second time around. I got another job and then I got a second job to help pay off my debts. I contacted my credit card companies to negotiate my interest rates and I made a debt repayment plan with a target get out of debt date. I believe that we all make choices in life and my choice was to get my life in order. I didn’t have a lot of extra money to spend each week on myself but that was the choice I made – I chose to pay off my debts instead of go on vacation. As I evaluated my new life I realized that I could do (or not do) anything, I had a fresh start. I realized that I didn’t want to go back into personal finance so I went back to school to study journalism; now I have a career that I love.
I hit rock bottom after the market crash, my personal life and my financial life were out of control and I made a promise to myself that I would never let that happen again. I now live on a budget and before I make a purchase I always weigh the cost vs. the benefit. I realized that I don’t need “stuff” to make me happy, now I live only on the necessities. My personal motto is that if it doesn’t keep me warm, get me clean or keep my belly full then I don’t need it. I definitely live without a lot of materialistic goods but ironically I never feel like I am missing anything.
I recently wrote a book called A Better You: We don’t have to be the best but we can always be better. It discusses my personal story of how I made changes in my life, my money, my career and my relationship to become a happier person. I used to complain about being in debt until I finally realized that the only way to stop complaining about being in debt was to get out of debt. So that’s what I am doing.
As I look back over the past few years I don’t regret anything that has happened to me; if I wasn’t financially irresponsible and if I didn’t lose my job I wouldn’t be able to write about it now and I wouldn’t be able to share my story to inspire others to make positive changes in their lives.
I would love to share my experience on your show and I hope to hear from you soon.