Share how your finances got better with sobriety!
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I am not spending 200+ dollars a week on booze. It’s amazing what I can afford. Also I have a clear head and can rationalize purchasing things. When I was drinking, it never crossed my mind I just dropped 300 at the bar or more.
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New house new car clothes food god people that trust me to get there and be on time. Well most days lol. Just being responsible is so huge I care about people and there emotions it's a huge thing.
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I know how nuts and that’s only booze all added up with food and junk about 350 for me a week. Placing all that in my savings and Roth IRA
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Love it bro proud of you!
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Before I got sober, my total net worth was what was in my pocket. I've been a truck driver all my life. I got out of paying rent and living expenses by sleeping in a truck every night. I had the finest shoes and clothes and all the BS to go along with it so that I could impress the ladies in the bars every night. I have a boatload of stories that I could tell you about them fiascos.
Sometimes I ended up trying to sell things like videotapes in order to get the money to drink that night. Nobody really knew the truth about me or what a lie I was living. The truth is that I knew the truth about me and it was a pain that I carried with me everyday. Because I knew the truth was that I was nothing more than a sick, selfish, worthless drunk.
Got sober in 2002 and I didnt start to tackle my finances until somewhere in my third year of sobriety because in the beginning I was a sick man.
I took an interest in my finances by going to a free class on Personal Finance. Then I discovered things on YouTube and other social media. It took me a long time but I cleaned up my credit score and now have a great score. I learned what it takes to buy a house. I also started reading lots of books on personal finance and other areas of interest.
I highly recommend a book entitled, Rich Dad Poor Dad.
I still drive a truck for a living but I am a homeowner and I have a beautiful wife and nothing to cry about. In the very near future I'm planning on being a real estate investor. My goal is to own some apartments and create financial freedom. Meaning, I can quit my job and never have to work for anyone ever again.
The person who has the most to do with what happens to you in your life, is YOU!
And remember that everything worth having takes time.
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I’m no longer spending 200+ a day on dope and N2O. I’m able to actually spend money on food instead of prioritizing drugs. I finally feel like I’m not flushing money down the toilet every day
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I got into some drugs when I was very young but I was able to quit most of that stuff on my own. My expenses came from living in bars night after night and buying everybody drinks. You don't realize what a prison you're living in until you've been sober for a long period of time and the money stays in your bank account.
Roth is good but real estate investing is much more profitable and definitely higher yields.
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Between tattoos and motorcycles and cars my bank account stays pretty dry!
I have a savings account now and bills are paid. No more overdraft protection. I can go out and enjoy life without worrying about eating or gas next week.
Well I’m not spending a hundred dollars a day to control my habit so there’s that. There are simple things that I do now that I am absolutely amazed by such as actually paying my bills now. Rent is paid, everything is paid. I don’t have a lot of “things” but just being able to somewhat manage my finances is empowering in itself.
To be clear it’s not that I spent all my money on drugs and alcohol, it’s that I spend an exponential amount due to habit trends but still tried to maintain my bills….then bam negative checking account because the energy company drafts $200 that I didn’t have.
So Amazingly, it’s like I’m used to never having any money and feeling dreadful about even checking my account because I know it must be near zero if not below…..only to find out there is a couple hundred dollars extra hanging around!
Once I got over the “I need” phase, which was actually a whole bunch of “wants”, I reviewed my credit report, took suggestions that worked towards making my financial amends, began to pay me first, then bills, then me again for a while and now, I’m investing in my first business, and still paying my bills as well as making investments and contributing to the fellowship of recovering addicts! Ain’t GOD GOOD!?
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I’ve paid off $49,343 of debt. I have started my own business now invoicing over $10,000 a month. Currently have $18k in the bank. I did this in a year.
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Nice!
Went from over 15 grand in credit card debt to 20 grand in a savings account so I can save for a house and a car.
I drank at least 500$ a month. I just was blessed enough to buy a brand new truck. That would never been possible when I was running and gunning. More notable, I feel like I deserve nice things
And what are ways you paid this debt off so other alcoholics and addicts can take from this and do the same thing? Raymond would you be down for a call one day? Im starting a pod cast that talks about recovering your finances back through sobriety
Congrats Renee, and what were the ways you were able to pay that off and start saving? Any advice financially would be huge for the suffering recovering addict/ alcoholic