Posts tagged ‘Debt’

January 8, 2013

How to Stay Motivated: Don’t Get Glad. Get Mad

Don't Get Glad. Get Mad.

Don’t Get Glad. Get Mad.

I know this blog typically talks about getting success and being happy so the advice I’m about to give you will probably be a bit shocking. But I ask that you bare with me….

Getting to success usually takes a lot of hard work, determination and motivation. Now if you are like most people, you usually feel the most inspired and motivated to make a change after something negative happens. For example, you feel motivated to work out more after you realize you can no longer fit in to those size 10 pants. You feel motivated to ask for a raise after your boss decides to  add another duty to your already heavy workload. Or you feel motivated to get your finances in order when you get that last phone call from Sallie Mae about your student loans. In each scenario, the motivation was triggered by one thing. Anger or some other unpleasant feeling. You hated how it felt realizing that you put on weight, or in major debt, or not making what you are worth so much that you vowed to do something about it. So you buckle down for a few weeks and do everything in your power to make sure you never experience that again.

But then you start to feel content with your life. That’s when you begin falling off the wagon. You stop getting up for the morning workout. You stop entering purchases in to your spending journal and you stop drafting a way to better position yourself for that raise. You’ve lost that angry feeling, become content with your life choices, and basically settled. Most importantly, you lost your motivation. Of course, you’re gonna stop taking steps to make that change. You have become complacent with your life.

Don’t feel bad. You are not alone. It’s a trap that many people find themselves in way too often. Even I am guilty of it every now and then.  Luckily, there is a simple way to fix this and regain that motivation. (This is where the shocking advice comes in.) Allow yourself to get mad. Yes, you read that right. Stop getting content and allow yourself to stay mad. Once you lose all the unpleasantries and bad feelings associated  with a certain life aspect, you no longer feel the need to change it. Why would you? If you are content with it, you don’t have  a reason to fix it. I challenge you to regain that motivation to get back on track.

So how do you do that? Allow yourself to relive the moment that first motivated you to change. No, I don’t want you to harp on the past, But give yourself that constant reminder on why you are altering your lifestyle or habit in the first place. Every so often, revisit the day you realized you could not fit into size 10 jeans as you stood alone in the dressing room feeling defeated. Or save that  unappreciative voicemail from your boss and replay it every time you need a kick in your pants to keep striving for your goals. Do whatever you can to keep that fire within you burning. Once the fire goes out, motivation and all hope is lost. Luckily, it can always be reignited. Get mad again and I guarantee that passion and motivation will make it’s way back to you in no time.

Whatever you do, ignore the Gladware slogan. Instead, Don’t get Glad. Get Mad.

What do you usually do to stay motivated? Has revisiting anger helped in rekindling motivation?

TERRIfic Quip: If you blame lack of motivation as your reason for not taking action – you’ll be stuck forever. (Courtesy of Miss Donna)

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February 15, 2012

Getting Revenge on Citibank Student Loan Department

Like most young adults in America, I had to take out student loan debt from several private student loans from many lenders. Unfortunately, it has proven to be a hellish experience for me every step of the way. And it doesn’t seem to count for anything that I make ridiculously high payments on time every month with no assistance or cooperation from people at the company. Yet, I still get multiple phone calls a day demanding payment even when it’s a holiday, payments are processing, or a Sunday. However, tables are about to turn because it’s finally time that Citibank Student Loan professionals got a taste of their own medicine.

The Backstory

It’s tax time and despite several requests, I have yet to receive tax information from Citibank Student Loans. I’ve already received tax information from other student loan providers. So what’s taking Citibank so long? They told me that I was supposed to fill out a W-9F form and I didn’t. As a result, I was told I was being sent an official Citibank document stating the amount of interest paid in 2011. On February 2nd, I called to find out where it was because I hadn’t received anything. They told me that it was sent in January and I should be receiving it soon. On February 7th when I hadn’t received it, I called again only to be told I was misinformed and the document was only requested on February 2nd as opposed to actually sent. The representative also told me the document was mailed earlier in the  day and I would receive the document in a few days. Again, a few days went by and I still hadn’t received it so I called them back this morning (February 15th). I was told the document was just sent this morning and I won’t receive it for another 7 to 14 days. Obviously, it frustrates me since I’ve been told that it’s been sent for the past two weeks now. I’ve constantly been misinformed by several different people.

The Plan

It was time to take drastic measures so I simply explained to the person I understand I wouldn’t be receiving my tax information until the next 7 to 14 days. But they had to understand that I would be calling them twice everyday for the next 7 to 14 days since that’s the same way I get treated by Citibank Student Loan representatives. Of course, the representative said there is no need to do that as the document is already on the way to which I said the following: “I understand that, but Citibank doesn’t seem to care when I tell them that check is being processed and they have proof of it. They tell me that they need to keep calling until the payment is processed and cleared even thought it’s out of my hands at that point. So why should I care when you tell me that it’s on the way? I’ll have to keep calling until it has “cleared and in my possession” For your sake, you better hope this letter gets her in seven days as opposed to fourteen because I don’t have a problem calling twice everyday since it’s a toll-free number.”  I apologized for having to take it there but explained that Citibank doesn’t seem to understand the concept of reasoning.

Will it work?

Now some of  you may be wondering if my actions will actually prove the point I’m trying to make since several people in the department handle the calls so I won’t always be getting the same person. I thought about it, and hope the multiple records of my phone calls in addition to all the recorded conversations will make some impact on the way Citibank handles outgoing collection calls once they review these cases. I’m also debating making these phone calls to the Vice President of the Student Loan Department. Even though the student loan department of Citibank will be shutting down by the end of the year, I truly hope my small effort makes a difference and helps them realize what its like to be on the other end. Others may call my actions petty but I’ve tried to work with the company several times, cooperated with them and explained what they are doing to no avail.  So a girls gotta do what a girls gotta do. Three calls down and  24 to go. Wish me luck.

How do you deal with multiple calls from loan providers? Have you ever tried to give them a taste of their own medicine?

November 30, 2011

The Best Way to Pay Off Student Loan Debt

Credit: www. freedigitalphotos.net/images/view_photog.php?photogid=1803

I’m sure most are aware of the reports stating student loan debt will soon surpass $1 trillion dollars. Of course ,with that much debt distributed,  there are millions wondering how they are going to pay it off. Kelli Space, a Northeastern Alum, may have figured it out. Rather than wallow in her mistakes, Kelli brainstormed ways to pay down her $200,000 student loan debt as quickly as possible. Yes, she got a job. And she also started the website twohundredthou.com to tell her story and ask for donations to assist with the financial burden. It’s only fair considering she didn’t have a graduation party in 2009 where she would get monetary gifts… At least, that’s the way she’s spinning it.

As anyone can expect, she’s gotten loads of hate mail mixed in with words of praise. What do I think of this? I think I should have thought of it sooner! As many of you know, I too am burdened by student loan debt. Granted I don’t have as much as Kelli Space, but it’s certainly more than I would like. What better way is there to pay off debt than to combine your own employment efforts with the kindness of those assisting in creating a brighter future for young Americans like herself? I think it was a great idea for Kelli to take her debt troubles to the public. After all, people have no problem donating to those entering beauty pageants or someone’s new business venture. Why wouldn’t people want to help out a girl who got screwed over in her pursuit of a higher education and a brighter future? Yes, she should take responsibility for her actions and I believe she has.

Although I applaud her efforts, I don’t think I have the courage to do that. I am way too much of a private person to put my financial burdens in the public eye. I do have to admit that it is something I have thought of doing, prior to coming across her blog. Kelli beat me to the punch! After nearly two years, Kelli has raised almost $12,000 towards her student loan debt.

So what do you think about Kelli’s attempt to solicit donations from kinds strangers? Check out her website, http://www.twohundredthou.com to see for yourself!