Breaking Free from Financial Anxiety
Growing up in a poor county in Texas, I witnessed poverty firsthand, but never experienced it myself. My mother worked tirelessly to provide a comfortable childhood, making it impossible for me to imagine living without enough. However, things took a drastic turn after I graduated from college in 2009. The Great Recession had a firm grip on the economy, and job opportunities were scarce.
A Helping Hand
Luckily, a business acquaintance of my mother’s helped me land an unpaid internship, which eventually led to a full-time job. I was grateful for the opportunity, despite the low pay. Over the next four years, I received only one raise, and my salary barely kept up with the rising cost of living. I was stuck in a cycle of making ends meet, with no room for savings or emergency funds.
The Wake-Up Call
When I got laid off, I was devastated. The financial anxiety that followed was overwhelming. We had to cut back on all expenses except rent and utilities, and I spent six weeks applying to hundreds of jobs. It was a dark period, but eventually, I found a new job that paid significantly more. This new role opened my eyes to the reality of my previous underpayment.
Taking Control
I realized that I had accepted too little for too long and had let someone take advantage of my inexperience. I vowed to never be in that situation again. Two years later, I’m back in the private sector, earning more than my mother did at 40. I’ve achieved financial milestones, such as buying a new car, contributing to a 401(k), and building an emergency fund.
Facing Fears
Despite my progress, the fear of financial insecurity still lingers. I’m working to overcome these fears by taking control of my finances. I’ve declared 2018 my Year of Figuring Shit Out, starting with rolling over retirement accounts and tracking my net worth. I’m reading books, setting goals, and using resources like TFD’s YouTube channel to educate myself.
Empowerment Through Education
I encourage you to do the same. Don’t be afraid to start small and ask for help. Take control of your financial future, and never look back. Remember, every step towards financial literacy is a step towards a healthier relationship with money.
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