2014. Age 22. Maturity level 1/10
I had just moved back to a small town in Western Australia.
Thats where I met my wife to be. 6 months later she was pregnant with my first child. Maturity level 3/10
We got engaged and I got my first mining job after being unemployed for 6 months. 60k per year and debt free.
My gorgeous daughter was born in April of 2015. I decided we needed a big family car… one meeting with a dealership later and I had a used kluger for $30k at 14.7% interest.
I started a blasting job which put me onto $87k per year.
We splurged and bought expensive furniture, clothes, household appliances etc.
We even went on a few holidays.
Then we bought the Cafe. $18k to takeover from the owner and $40k of kitchen equipment finance.
After about 8 months of what I thought was smooth sailing I decided to help out at the Cafe on one of my breaks. My wife had told me the Cafe was doing well…. it wasn’t. Over $50k of unpaid delivery bills, wages, finance debts, and even the rent for the building. I closed the doors overnight. $100k of debt taken on in one night.
Shortly after that we separated. I traded the family car in for a patrol and an aurion. 45k and 20k. The klugers payout balance added to the patrols finance costs.
I went to Fly in fly out work. $120k per year and focused all my money into paying the Cafe debts so I wouldn’t go to court. I slaved for a year and a half. But I fell behind on the other debts.
All the Cafe debts where cleared. I was left with debt collectors chasing me for the cars 39k and 14k at that point, some daycare fees $2k, a $10k credit card, telstra phone debt of 6k, and I was broke as.
I foolishly entered into a part ix agreement for the patrol, credit card, telstra, daycare fees and managed to talk toyota into letting me keep the aurion.
36k over 36 months. Sounded good for the part ix. Until after I signed and I got hit with the 12k of fees. Ah well I signed it so let’s go.
All this while also funding my lawyers through family court. $30k down so far and more to come.
Met a new girl. She is gorgeous. She understands my situation. We have a daughter together and along with my other daughter, and 2 step children we have a big happy blended family.
She encourages me to be smarter. Maturity level 100/10 my Maturity level 6/10
Took a residential mining job $91k per year. For the last two years I’ve struggled to keep paying my debts, rent, law fees, bills, etc.
I entered a rent to buy agreement for a home $70k plus $150 per week. It needed work.
I finally found another residential mining job $120k per year but its 65km from home.
I started this blog. Because I needed accountability to keep on track.
My car is back up to current payment.
Part ix is 6k behind but have spoken to the provider and have a plan over the next 2 pays to catch it up.
I have $0 out of the 70k needed for the house.
I have $0 savings for an emergency fund.
All my other bills have been caught up by my girlfriend. I love and appreciate everything she does for me. Absolutely my rock.
Maturity level 11/10 getting this shit sorted so I can leave something other than debt for my family.
Follow me on my journey if you want as I start to kick myself in the right direction.