I have a terrible sense of direction.Â My wife jokes that I could “get lost going from the front yard to the back.”Â You can imagine how thrilled I was, a few years ago, to receive a GPS as a birthday gift.Â Now, I canÂ jump in my car, and safely get from point A to point B, without needless stops at points C, D, and E!
What’s the old saying?Â The first step to solving a problem is to admit that you have one.Â I had a problem.Â I knew that I wanted to be financially independent, but I had no idea how to get from where I was (in debt, broke, and frustrated) to where I wanted to be (free from debt, in control, and at peace).Â Admitting my own ignorance was the first step.Â Frankly, knowing what you don’t know can be just as empowering as knowing what you do know.
Instead of wallowing in my circumstances and giving in to my frustrations, I set my mind, and determined to do something about my situation.Â One of my favorite comedians, the late Jerry Clower, used to say, “There ainâ€™t no shame gettinâ€™ the seven year itchâ€¦ the shames in keepinâ€™ it.”Â There’s no shame in being ignorant, the shame is in staying ignorant.Â I started to read everything I could get my hands on about debt and debt reduction.Â I read –
- Complete Financial Guide for Young Couples: A Lifetime Approach to Spending, Saving and Investing – Larry Burkett
- Debt-Proof Living: The Complete Guide to Living Financially Free (Debt-Proof Living (Paperback) – Mary Hunt
Armed with the information gleaned from those books, I sat down with a piece of paper and outlined my goals for for the future.
I started out with a single, ultimate goal – financial independence.Â I then broke that goal down into several intermediate goals, and then broke those intermediate goals into several smaller goals.Â I then created a financial road map, my personal plan for achieving each of my personal goals.
Over the course of this week, I’ll be writing several articles about goals, goal setting, and creating your own financial road map.Â If you have not done so, please consider subscribing to No Credit Needed, via RSS or free daily Email, to keep up with each post in the Setting Personal Finance Goals series.
Debt Reduction Book Giveaway
To get you started, and to keep you motivated, I have also decided to give away five debt reduction books – winner’s choice from the list above.Â There are several ways you can be considered for the free book giveaway – Feel free to enter the giveaway in each of the following ways –
Win By Commenting –
Simply leave a comment below, with either a question or comment about goal setting.Â On Friday, I’ll randomly select two winners from all commentors.Â Those reading via RSS feed or daily Email will need to visit the site to leave a comment.Â Feel free to leave as many comments as you wish, but your name will be placed “in the hat” only once.Â Comments take a few minutes to appear.Â Spam laden comments will be deleted and will not be eligible for the giveaway.
Win By Tweeting –
Win Free Debt Reduction Books – Follow @NCN and re-tweet – Details: http://tinyurl.com/anbtct
On Friday, I’ll randomly select a winner from all tweets.Â Remember to include @NCN in your tweet, so that I can find it.
Win By Subscribing –
Subscribe to No Credit Needed via daily Email.Â On Friday, I’ll randomly select a winner from those who have subscribed via daily Email, so be sure to include a valid email address when subscribing.
Win By Blogging –
If you have a blog, simply link to this article, or any article in the Setting Personal Finance Goals series.Â On Friday, I’ll randomly select a winner from those bloggers who liked to an article in the series.Â After the winner receives the book, he or she is free to give that book away to their own readers, should they choose to do so.
Entries will be accepted through 10PM Eastern on Friday, March 13th. I will contact the winners via e-mail and/or Twitter.Â Note that the winners will receive their books directly from Amazon, so youâ€™ll have to provide me with your U.S. mailing address (no PO boxes, please) so that I can give it to them. Void where prohibited.Â Winners will be allowed to select a single book, of their choice, from the above listed debt reduction books.