The Personal Side of Finance

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As I continue to traverse through life and my finances, I’m coming more and more to realize just how personal finance is. It’s unique for everyone. Yeah, there are some foundational tenants that will help anyone like getting out of debt, saving as much as possible, and increasing your earnings. However, we all have unique twists and turns in our lives that call for a personal touch on the recipe we follow. This is a story about the personal side of finance.

Apology Accepted

If you follow my blog, you know that I wrote a post revealing a lie I told Dave Ramsey. As a result of that lie, I was convicted to apologize to the Ramsey team as well as my readers. Furthermore, I’ve been asked by some readers to share the response I received from the Ramsey team.

In short, they were very gracious and accepted my apology. They thanked me for the honesty and the apology. Additionally, they did confirm that had I revealed the truth on my application about the credit cards I kept open, I would have been disqualified from doing a debt-free scream. Fair enough – they have the right to set any type of parameter they want.

We exchanged some well wishes to each other and that chapter is now closed.

I met a lot of awesome people as a result of doing my debt-free scream on the DR show but if I had to do it all over again, I’d choose to tell the truth. Maybe it’s easy to say that now being on the other side of things. After all, I was able to:

  • Experience being on a national radio show
  • Share my story
  • Meet the DR team

Yeah, it was a cool experience but I’ll tell you what is even cooler – the feeling of freedom from following the path I’m convicted to follow, my path. Moreover, there is a freedom that comes from being honest about it.

I’ve had some phenomenal teachers in my life but there is really only one teacher that I follow dogmatically. For me that teacher is Christ. With all of my other teachers, I take what I need and leave the rest.

Dave gave me the foundation I needed to believe financial freedom was possible. Additionally, he gave me a roadmap out of debt. For that I’m grateful. I realize now that while I was technically disqualified from doing a debt-free scream, I could have still gone to his studios to meet & thank him.

Following our Own Path

The details of my story lead me to do some things differently.  In the process, I learned to form my own philosophy on money. Moreover, now I believe not only is personal finance personal, but it also needs to be flexible and evolving.

Life is dynamic and as a result, we need to be able to adapt the ever-changing realities of life. The same is true of our finances. That’s why we set up emergency funds and put safeguards in place so when life happens in unexpected ways we can navigate the waters of the storm.

I believe if you want to improve your financial life, you need to do something. You can, and certainly should read books & blogs, listen to podcasts & speakers, but you eventually need to take action. The magic happens within the action steps.

“All growth depends upon activity. There is no development physically or intellectually without effort, and effort means work.” ~Calvin Coolidge

For some people, they may need to learn about a bunch of different methods and philosophies on money and then create a plan that works for them.  Other people, may just need to hear about a method and follow it. Neither are wrong. My point is to choose what works for you and take action. This is the personal side of finance.

People are Mostly Awesome

The outpouring of comments and love I received as a result of being honest has been overwhelmingly lovely. While I was extremely convicted to apologize and expose my weakness, I didn’t want to do it.  I thought I might even lose some readership; however, I went through with it for a clean heart. Thank you for sticking with me.

My heart is full and I’m re-inspired to keep going, keep getting better, and to keep sharing it.

I want to share a comment I received from a member of the ChooseFI Facebook group as it may be the most beautifully articulate thing anyone has ever said to me.

This makes me want to be a better person and when I mess up, admit it.

Closing Thoughts

I want to say thank you to anyone and everyone who has or is reading this blog. You make me want to be a better person. Accountability is essential in life & finances so if there is any way I can help you in your journey, please let me know.

When we mess up, we have an opportunity to grow and evolve.

“Strength and growth come only through continuous effort and struggle.” ~ Napoleon Hill

“Mistakes are the best teachers. One does not learn from success. It is desirable to learn vicariously from other people’s failures, but it gets much more firmly seared in when they are your own.” ~Mohnish Pabrai

“You try something, it doesn’t work, and maybe people even criticize you. In a fixed mindset, you say, ‘I tried this, it’s over.’ In a growth mindset, you look for what you’ve learned.” ~ Carol Dweck

In our lives and finances, we try stuff and if it doesn’t work, we look back and decide what we’ve learned and what we’ll do differently going forward. The key here is that we keep trying stuff.

Photo by Rita Morais on Unsplash

In these past few weeks, I’ve learned that I need to follow my conviction in the financial path I choose. Additionally, I need to be honest with myself and others. Moreover, I need to ask myself why I’m doing something and make sure it lines up with my goals, integrity, and faith…regardless of the outcome.

So how have your mistakes been your greatest teacher? What have been your greatest challenges? How are you a better person as a result? And finally, how is finance personal to you?





13 thoughts on “The Personal Side of Finance”

  1. I am so proud of you as a daughter . I have learned so much from you. Yes we need to continue to learn even as we age. You are so honest and have a heart for God which is most compelling about you.. love you

  2. You are one incredible lady. It would have been easy enough to just keep it swept under the rug and move on, but as someone who tries to be radically honest in all things, I think you absolutely made the right choice to come clean about it now. I’m obviously not perfect here either, but it’s the honest attempt that’s most important.

    1. I so appreciate this, Angela. This was hard but I sleep at night so I know I made the right call in coming clean.

      “…It’s the honest attempt that’s most important.”- love this!

  3. I agree with that person’s write up on your episode on ChooseFI! I appreciate that you share your conviction for honesty and for following the finance path that fits for you personally. Thanks for your wisdom!

  4. Personal finance is…personal. That is such an awesome idea.
    I remember a story I heard long ago about a young man who believed he was supposed to go to Africa and become a missionary. He shared the story with one of his mentors.
    The mentor asked, “What convinced you to sell it all and move to Africa?”
    “Brother so-and-so told me I should go,” He said.
    The mentor replied, “Better take brother so and so with so you will know when it’s time to return.”
    You’re correct we need to be able to call financial audibles everyday. It’s personal. We have to have OUR why not anyone else’s why. My dreams are different than yours and we’re both right.
    Thanks for being you!

    1. Haha on that story!! It is a perfect case in point of why we need to follow our own journey. Thanks for sharing that, Tim. BTW, I just gifted away my final copy of your book. All 5 copies are in grateful hands. 🙂

  5. First of all, you told me your word for the year was “truth.” It is so awe inspiring and awesome to see you following through on that. I have massive respect for you in that regard (pertaining to all the Dave Ramsey stuff). Also, I’m not on FB, but if I were I would totally second that nice comment thrown your way.

    You mentioned fix mindset in this post, and I have an awesome book recommendation if you haven’t already tackled it. It’s called “Mindset: The New Psychology of Success” by Carol Dweck. I was in a book club that was reading it over several months and I finished it in a week! I seriously recommend it to people with your interests and high caliber of self-improvement drive. I will post a pic of it on Instagram soon to help you track it down:)

    Mistakes are awesome teachers. Thank you for reminding me of this. It doesn’t matter how many times I hear it, I need to hear it again.

    1. Heyyy!! Thank you for commenting, Michelle.

      I love that book. My boss originally recommended it to me and then it doubled as a reading assignment for a course I took to renew my teaching license. Additionally, I was able to write an application paper on it. Great minds, girl, great minds!!

      I’m like you, I need to be reminded because mistakes hurt.

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