I’m going to a conference in a few weeks for financial bloggers. Many of the attendees have been in some major debt at some point in their lives, and write about it often and how they’ve overcome it.
Not me. I have three finance blogs — one focuses on personal finance, another on investing, and this one, CashSmarter, is where I share my life lessons on personal finance. Other than a mortgage, I don’t have any major debts and I’ve never been so far in debt to a credit card that I’ve had to pay off thousands and thousands of it down to get my financial life in order.
All of this makes me wonder if I’m meeting my goal of telling a compelling financial story that people want to read about. If I haven’t been $147,000 in debt, or haven’t paid off $26,000 in debt in 18 months — real stories by real bloggers I respect and enjoy reading — how is my story worth reading?
Reading how someone extricated themselves from six figures of debt can be fascinating — even if you’ve never been in that much debt. Anyone with a credit card knows how easy it can be to add more charges to a card, so going into a huge amount of debt isn’t too far-fetched for many of us.
And getting out of it is the typical American tale of overcoming large obstacles to become a success. It’s a life lesson worth reading about for lots of people. Continue reading