In keeping with my melancholy, the-glass-is-basically-empty outlook on life, I’ve decided to add a new category to this site called “Dumb Things.” This new category will give me a place to post my thoughts about things in life that I think are dumb and/or things that make me want to scratch my eyeballs out. I have a feeling the majority of the “Dumb Things” will be my own…because I do a lot of dumb things. Speaking of which…I thought I’d kick this new project off with a real doozy—something I did of which I am hardly proud. In fact, I actually feel quite a bit of shame about it and it’s giving me way too much stress, but my hope is that someone out there might be inspired or encouraged as I work my own stuff out.
Before I begin, though, I feel compelled to address a few administrative items. First, there are a few people who love me dearly (and I them) for which the idea of my blogging about personal things makes them slightly uncomfortable. Well, whereas you felt a little uncomfortable before, reading this post just might make you break out in hives. Just thought I’d warn you. Second, I’m no expert on the subject on which I’m about to embark—I’m not trying to offer advice to anyone else, I’m simply chronicling my own journey. In other words, in the off-chance you decide to do anything as a result of what you read here and it turns out badly, don’t sue me.
Right. Let’s get on with it.
We are about $25,000 in the hole (not including our mortgage) and I’m feeling convicted. The majority of that debt is in student loans and the rest (nearly $8000 of it) is on our credit card. I’m not feeling very good about this situation so I’ve decided it’s time to tackle this monster and get this monkey off our backs.
I’m going to offer a little explanation about how we got here, not to make excuses, but because there are some major lessons I’ve learned in the process.
Our student loans, totaling approximately $17,000, are a result of 1) me studying abroad in Israel for 8 months as an undergraduate and 2) Brian going to seminary. (The fact that seminary cost so darn much is something I find quite ironic since he graduated with a B.S. at UCLA and an M.S. at Stanford—both in Aerospace Engineering—owing not one penny to anyone. On the other hand, he goes to seminary and we’ve gotta pay through the nose. We laugh every once in a while about what he could be making had he stayed in A.E., but we’ve never seriously entertained going back. He was made to be a pastor. But I digress…)
So, we’ve got student loans and I’d have to say I’d accumulate both of those loans all over again if I had to go back. Israel was one of the most life-changing experiences for me and seminary was a great investment for Brian.
But now the issue of the credit card debt. This is Dumb Thing #1. The credit card debt is mainly my doing. About a year ago, I had the idea to start an online business. I won’t go into all the details because they really aren’t that exciting and I wouldn’t want to bore you. Suffice it to say, I ran out of steam and the business is now defunct. There are plenty of people who’ve started businesses without going into debt, but alas I was not one of them.
Anyway, to my credit (if I may be so bold and no pun intended), all of this spending took place with Brian’s full knowledge. I had his blessing to pursue this business idea. We even prayed about it and both agreed that God seemed to be giving the go-ahead. I’m still sorting this out, like, did we hear God wrong, did we not pray hard or long enough or did God, in fact, allow us to go ahead, knowing full well that the business would fail but realizing that we’d be all the better for it in the long run. It’s a complex issue, but as of this moment I’m inclined to believe we did get the go-ahead from God. Just because the outcome wasn’t good (as defined by ourselves and the world) doesn’t mean it wasn’t good for us.
So that’s the situation. The questions at this point are:
- What can I learn about the past so this doesn’t happen again?
- What can I do to fix it?
I’ll attempt to answer these two questions over the next several days. In my next post I’ll reveal the key to my dumbness (as seemingly unrelated as it is) and then hopefully I’ll come up with a solid plan to deal with the debt…on a pastor’s salary. Now won’t that be fun.