theonedudebro

[theonedudebro]

MASTERPOST: Everything You Need to Know about How to Pay off Debt

Understanding debt:

Let’s End This Damaging Misconception About Credit Cards

Season 2, Episode 10: “Which Is Smarter: Getting a Loan? or Saving up to Pay Cash?”

Dafuq Is Interest? And How Does It Work for the Forces of Darkness?

Investing Deathmatch: Paying off Debt vs. Investing in the Stock Market

How to Build Good Credit Without Going Into Debt

Dafuq Is a Down Payment? And Why Do You Need One to Buy Stuff?

It’s More Expensive to Be Poor Than to Be Rich

Making Decisions Under Stress: The Siren Song of Chocolate Cake

How Mental Health Affects Your Finances

Paying off debt:

Kill Your Debt Faster with the Death by a Thousand Cuts Technique

Share My Horror: The World’s Worst Debt Visualization

The Best Way To Pay off Credit Card Debt: From the Snowball To the Avalanche

The Debt-Killing Power of Rounding up Bills

A Dungeonmaster’s Guide to Defeating Debt

How to Pay Hospital Bills When You’re Flat Broke 

Ask the Bitches Pandemic Lightning Round: “What Do I Do If I Can’t Pay My Bills?” 

Slay Your Financial Vampires

Case Study: Held Back by Past Financial Mistakes, Fighting Bad Credit and $90K in Debt 

Student loan debt:

What We Talk About When We Talk About Student Loans

Ask the Bitches: “The Government Put Student Loans in Forbearance. Can I Stop Paying—or Is It a Trap?”

How to Pay for College without Selling Your Soul to the Devil

When (and How) to Try Refinancing or Consolidating Student Loans

Ask the Bitches: I Want to Move Out, but I Can’t Afford It. How Bad Would It Be to Take out Student Loans to Cover It?

Avoiding debt:

Ask Not How Much You Should Save, Ask How Much You Should Spend 

How to Make Any Financial Decision, No Matter How Tough, with Maximum Swag

Your Yearly Free Medical Care Checklist

Two-Ring Circus 

Status Symbols Are Pointless and Dumb 

Advice I Wish My Parents Gave Me When I Was 16 

On Emergency Fund Remorse… and Bacon Emergencies

Should You Increase Your Salary or Decrease Your Spending? 

Don’t Spend Money on Shit You Don’t Like, Fool

The Magically Frugal Power of Patience

The Only Advice You’ll Ever Need for a Cheap-Ass Wedding 

The Most Impactful Financial Decision I’ve Ever Made… and Why I Don’t Recommend It 

3 Times I Was Damn Grateful for My Emergency Fund (and Side Income) 

The Bitches vs. debt:

I Paid off My Student Loans Ahead of Schedule. Here’s How.

I Paid off My Student Loans. Now What?

Hurricane Debt Weakens to Tropical Storm Debt, but Experts Warn It’s Still Debt

The Real Story of How I Paid Off My Mortgage Early in 4 Years

Case Study: Swimming Upstream against Unemployment, Exhaustion, and $2,750 a Month in Unproductive Spending 

[theonedudebro]

My Plan with this blog, what I am doing right now and what my situation is right now and more

Hello I write this today on the 19th of August 2022, this is basically the day I have made the active decision to try to help out people who are in a similar spot as I am. I have Paranoid Schizophrenia and Depression diagnosed and I live in a country with socialized Healthcare(Germany). But there are many troubles I still face even though we do have a relatively good healthcare system here in Germany. I am here to TRY and help people in a similar spot as me (READ: Not actively suicidal and no longer actively schizophrenic). I will do so by telling about my day to day life and answering questions and giving my solutions to my dysfunctional and toxic thought patterns. Now as it is today I have made many mistakes, I'm deep in debt and I am very depressed these days. Though I have made some progress mentally. As of right now I have no negative or positive symptoms of Paranoid Schizophrenia. I am on 20 mg arpoya and 225 mg venlaflaxin. I have trouble sleeping these days but I get in 6 hours which is enough. My plan for today once the classes for the training programm I am currently in finished will be to take a nap so I can work out. I found that while working out is fun, it is tiresome to do it alone and doing it with a friend is way more fun. It is friday but I will probably not be going to a party but I will be going outside. I want to be clear at this point that I am not doing ''perfect'' in life but I am dealing with a lot of issues and thoughts and doing fine. Mainly hoping this helps some people. Now let me get to the point of my thoughts and let's pick up with the most recent topic, I am currently heavily in debt from a loan and from the death of my brother. Being in debt makes you feel helpless and most days I thought I HAD to have a solution some big plan to get me out of it immediatly to fix it. Now I am lucky to have two privileges. I live in Germany and debt collectors are very understanding most of the time if you do not have the resources they will accept a payment plan that you can afford (though I have to say the interest doesn't get cancelled so you can get into the situation where your interest is higher than the rate you are paying off so it never actually decreases) but that means you don't have to pay exorbinant payments and live off of nothing and you can try to get a better living situation going so you can get a higher paying job which allows for you to pay off the interest AND the debt.

Also I have because of my illnesses the right to get help from the state to get an education because I am not viable in the ''first workforce''(loosely and badly translated). I am currently in such a programm and I am looking to currently make 3k before taxes after my 3 months training which I almost finished the first month of.

This solved a big problem with my depression coming from debt, I finally had a realistic, touchable and livable vision to get rid of my debt once and for all. Finally be able to live like a normal person and without the shame of being a fincanially irresponsible failure. This is basic luck on my part, I understand my priviledge.

But to sum it up how I dealt with debt in general and the depression and stress that comes with it is:

Calm down:

Don't freak out, look for ways to get help. That not being other banks or loan sharks but social help. Advisors and social workers that will do more than tell you ''You suck pay up you worm'' but rather will empathetically tell you that in this world debt is normal and while taking it on without having the insurance you could pay it back was a mistake you can still fix this mistake by working on it. THE FUTURE IS NOT WRITTEN IN STONE. However bad it may seem, it's not all that bad in life, there is always a way and this gets me to the second part of it,

Get Help:

Get a social worker, look into free offices that will help you sort out your finances and look into your options into the future.

Make a Plan:

Write it down, don't think it up because then it is subject to constant change. Write it down and follow it down to the T. The help you got will help you make realistic plans and then you finally have a way into the future.

For me that fixed the main problem coming from the debt, not seeing a future. Does that fix the inability to live a comfortable life? Does that change the feeling of inadequacy? Many other mental problems that come from debt are not solved with this post but I will touch on all of those in the future. I am open for feedback and discussion.

I AM NOT SAYING THIS IS UNIVERSALLY FIXING DEPRESSION FROM DEBT OR ALL OF THE MENTAL ISSUES YOU GET FROM DEBT

please remember I am just a human with mistakes and faults. This is just my shout into the void and if it helps one person that's enough for me.