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The Legal Battle Erupts… Again

DebtAway — Fri, 12 Mar 2010 10:00:01 +0000

As I stated in an earlier post, I endured a 2 year legal battle before the lawsuit was dropped in January. I was excited but wouldn’t feel truly free until the statute of limitations expired mid-way through this month.

On Sunday, I was served with legal papers. The plaintiff has re-opened the lawsuit, added my husband as a co-defendant (even though my husband has no legal ownership in our home), and is asking for more money than ever.

To me, it’s a fairly cut and dry frivolous lawsuit and I will gladly share the details once it’s over (if it ever ends) but I live in the lawsuit friendly state of California and I don’t have faith in our judicial system to protect me.

We’re going to bump up our emergency fund in preparation for legal fees. I’m not sure how far the plaintiff will go, but we’re preparing for the worst.

A New Direction

Canadian Capitalist — Thu, 11 Mar 2010 15:27:49 +0000

As you probably noticed, things look a little different around here. That’s because, I’m entering into a partnership with MoneySense magazine. I’m super excited about working together with MoneySense, the finest personal finance magazine in Canada, which as you know has long been a trusted source for advice on saving, planning, investing, retirement and real estate.

But you are probably wondering what it means for you. The terms of the deal are confidential but I can assure you that, apart from the look-and-feel, the blog will pretty much stay the same. I continue to own the blog and I will keep writing in the same style, manner and editorial content that you’ve come to expect. If you read my posts in your favourite RSS reader or have it delivered via e-mail, you won’t even notice anything. The blog itself looks and feels different but the intention is to keep as much of the old website features as we possibly can. Naturally, as with any change, there will be issues and if you can point them out in the comments and I’ll do my best to get it fixed. And, as always, I welcome your input in the comments.

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Staying Motivated…

DebtAway — Thu, 11 Mar 2010 10:00:17 +0000

I struggle a lot with motivation. Sometimes, I actually convince myself that $19,000 in debt isn’t that bad and start to wonder why I’m working to pay it off so quickly.

Working to become debt free would be an easy journey if it were only a few months, but when it stretches to years, that’s when you discover who you really are in terms of dedication.

It’s been just shy of 18 months since we began our journey and to be honest, I find myself growing weary – especially when my personal life gets slammed (more on that tomorrow). I find that when my personal life gets messy…so do my finances.

I was browsing iTunes for free podcasts and stumbled over the Dave Ramsey radio show. His podcasts are free (shorter versions of his radio program – there are some commercials) and you don’t need an iPod to listen to them. You can listen directly from your home computer. I was feeling down this morning and for some reason, listened to his podcast on my way to work. A family had paid off nearly $100K in debt and drove all the way to Dave’s studio just to shout, ‘We’re Debt Free!!!’

It made me smile. Today, it was what I needed.

Check out the show. It’s free and a good source of encouragement.

You are going to get tired. You are going to get weary. You are going to flounder in your decision to live below your means. But we can stick through it because one day, it’s going to be you and me screaming…

WE’RE DEBT FREE!!!