Free Guide

M Simone Boyd

Dave Ramsey

Gazelle Intensity: Do You Have It?

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Eighteen months ago Morris and I embarked on a journey to become debt free. As a couple, we had acquired $58,000 worth of debt in student/car loans. Someone told us about the perils of debt, and how it enslaves you and prevents you from building wealth. The someone was Dave Ramsey.

Dave says that if  you’ve gone into debt, you need to work as hard to get out of debt as a gazelle works to run from a cheetah. He references Proverbs 6, it says:

My child, if you have put up security for a friend’s debt
    or agreed to guarantee the debt of a stranger—
2 if you have trapped yourself by your agreement
    and are caught by what you said—
3 follow my advice and save yourself,
    for you have placed yourself at your friend’s mercy.
Now swallow your pride;
    go and beg to have your name erased.
4 Don’t put it off; do it now!
    Don’t rest until you do.
5 Save yourself like a gazelle escaping from a hunter,
    like a bird fleeing from a net.

So, we got gazelle intense.

We stuck to a budget. We downgraded our dates to Chipotle, Chick-fil-A, and Subway. We sacrificed trips. We checked out movies at the library, lived in a studio apartment, we made our lunches for work…and this week made our final student loan payment. And, now we are debt-free! Here is a video of Dave explaining Gazelle Intensity.

  

 

Financial Peace

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 “75 Percent of the marriages that end in divorce, end because of finances.” That’s what our Deacon told us during one of our premarital counseling. And, it made me think…”if Morris and I could get on the same page with regards to finances, we could avoid a lot of headache and drama down the road.”

So, we enrolled in a class at our church called Financial Peace University. The course was two hours a week for 12-weeks, and it was grueling. There were chapters to read, budgets to balance, conversations to have, etc. But, at the end of the course…we understood more about each other, how we view money, and how we hope to raise our children.

You see, Morris never had to go without anything as a child. Money for him, is simply a resource. I, on the other hand, view money as security.

Growing up in a family of eight children, made me believe money was always elusive. It always seemed that we never had enough. We frequently ate beans and rice, and rice and beans. And, I can remember having our electricity cut off a few times. But, my mother always tried to make it fun for us. We would light candles and “campout” in the living room. It is hard to raise a family of ten on $30,000, but my parents did it and still managed to give generously to others.

Morris and I plan to give generously also. But, right now we are focused on paying off our student loans (although we do give to our church). Since we began the Financial Peace plan in January of 2012, we have paid off $48,000 worth of debt.  We have $5,532.20 to go until we are debt-free, and it is exciting that we will soon reach our goal. But, I’m more excited that being on the same page with money has brought us so much closer together.

Matthew 6:21 says that “where your treasure is there will your heart be also.” And, both of hearts are in the same place- using money to build toward the future. And not, spending it on the latest gadgets, trends, or status symbols.

So, tell me. How do you view money and why?

ps: Four of our friends/family have taken the class, and one couple is already debt-free. Go Team Watkins!  You can read about their road to financial freedom here