I’m Broke And It’s No Joke!

Posted on January 11th, 2013 by Kimanzi Constable

When I was seventeen years old I thought I was a grown up. My parents always attended church and they expected us to go as well, this didn’t sit well with me. I wanted to do what I wanted to do, not be told what to do.

I rebelled, I gave them a hard time at every turn. I was an arrogant seventeen year old but things came to a boiling point. My parents drew a line in the sand and said that if I didn’t obey the rules I had to leave, so I left.

I stayed with friends, sleeping on their couches. I hit up family members begging, they stood with my parents. I spent a few hard nights sleeping in parks and bus stops, I even stayed in a few homeless shelters. I definitely learned that I wasn’t all that I thought I was.

During this time I got two minimum wage jobs and ended up meeting my wife at one of the jobs, we were married three months later. We ended up getting our own place and I felt vindicated in my mind, I still didn’t get it.

Since I was so arrogant I didn’t heed any lessons from my elders, actually I didn’t listen to anyone. My wife and I made good money but I spent money like we were millionaires. I bought what I wanted and didn’t save a penny.

I wish I could tell you that as I grew up I learned some lessons about money but I just learned how to live beyond my means. Things went from bad to worse fast.

Early last year I had over $100,000 in debt, I probably owed you money. I was constantly getting calls from bills collectors, I was getting calls at home, work, and my cell phone. It seemed like every step forward I took, I fell ten more steps back.

The bills were so overwhelming at times that I had some pretty dark thoughts. I just didn’t see any light at the end of the tunnel, I didn’t have any real relationship with my Lord. I was afraid of what would happen next.

I never said it out loud but I thought with the life insurance policy I had, it would be better if I was gone and my wife and kids could get that money and pay off the debt. Looking back on it now that wouldn’t have been a better plan, it would have been an EASIER plan, a cowardly plan.

I praise the Lord for His grace and I thank Him for sending amazing people to be in my life. Eventually I did get a clue and went back to my parents and other family members and apologized and begged for help!

I was turned onto Dave Ramsey and I started making smart decisions with my money. Things still weren’t perfect but at least there was hope.

Can you relate? Have you ever been in a rough financial situation? 

I don’t have a real outline for this post, more than anything I just want you to know that there is hope if you are, have been or will be in this situation. Please don’t feel like checking out is your best option, it’s the worst!

Please don’t feel like you’ll never get from underneath your bills, like you’ll never have financial freedom because if you want to you can. Please don’t fell like you have to be “strong” and hold it all inside not wanting to “bother” anybody. Be a bother, ask for help, CRY if you have to.

After you have gotten help, after you have cried it out, after you have done whatever you have to do to get through the worst of it, take control.

For me to get control I had to work a crazy amount of overtime to start making progress, I hate to say it but you’re going to have to as well. If you want control, if you want to finally get out of the hole, you’ve got to be willing to do whatever it takes.

I wouldn’t suggest taking out a loan, you can’t get out of debt by taking on more debt. I will say that if you absolutely have to, ask your family for help. Do the research, figure out a budget, work overtime and start to make progress.

Once you do get out of this situation, learn the lesson and don’t ever go back. I know I won’t!

Have you ever been broke? 

75 Responses

  1. Wow man, that’s quite the story! Glad you didn’t end your life or so many people wouldn’t be getting the help they need.

  2. Jeremy says:

    That’s a tough spot you really worked your way out of the right way, good for you.

  3. Rob Sorbo says:

    I constantly feel broke, but I’m making it–I definitely feel the Lord’s provision in my life. I work at a great non-profit, so I make very little money. I hear my friends talk about all the money they make and it makes my head spin (I honestly don’t even know how I could spend $50k in one year!).

    A time is coming, though. My wife and I are both finishing up degrees, and I don’t even want to think about those student loans that will come due. I may have to come back to this post in a few months.

  4. I must say that my wife and I were blessed with good financial educations from our parents, so we’ve always been debt free with the exception of our mortgage. And by the grace of God, I hope that soon is paid off!

  5. Dagny says:

    After a few years of being paid commission and mismanaging my taxes, I found myself in debt to the IRS over $40,000! That will scare the crap outta you! Doing my own research, I found that those tax settlement firms you see all over the Internet and TV are unregulated and pretty much scams. I researched how to settle with the IRS myself and it worked out so well, I wrote an ebook about it to help other people do what I did! The ebook sold during tax season last year and I got a lot of great emails from people who said my information helped them out of a tough spot! The IRS laws have changed and I’m not going to update the ebook but it was a great experience AND I solved my tax debt problem!

  6. Dan Black says:

    I relate with you bro! I’m in debt and it has caused a lot of problems for me, my family, and dreams. One of my top goals is to be debt free so I can better move toward my dreams. I know once the stress of being in debt is lifted I’ll be able to purse my dreams more. I’m still making progress toward my dreams because what I love to do has the potential to make a lot of money.

    ps. I think you owe me $5. Hehehe, just kidding:)

  7. I have been broke! one too many times! I love what you say, that’s it’s not just about getting out of debt but learning the lesson! That’s what will keep us debt-free.

  8. Peg Cheng says:

    Thank you for being so honest, Kimanzi. So many people would not be willing to share all the mistakes they’ve made, especially when it comes to money.

    I’m so glad you saw the Light, grabbed a clue, and did right by your family, parents and yourself. I’m so glad you did not take your own life. You have so much to offer the world. I love your writing and all your great stories and advice.

    When I was 26, I was unemployed, broke, disheartened with my career and confused about what I should do with my life. 10 years later, I had a great job, lots of savings, no debt, and my whole life ahead of me. A lot can change in 10 years.

    Take it one step at a time. You will make it and someday you will be debt-free and truly FREE.

  9. Juan Cruz Jr says:

    Kimanzi, thanks for sharing your story. Although I’ve never been broke, it is because of God’s grace and mercy. You’ve probably heard that college students are some of the poorest people in our nation. I can say that God blessed me even through those college years. Even when when I co-signed a loan for $30K to a family member who never paid it, and it fell on my shoulders, and paid every single dime of it, God still blessed me. I can say I’ve never been broke because of any decisions I have made. I have never been broke because God has been so generous to me. Great post.

  10. Dude. That’s a heavy story.
    100k? Ugh. And I’m worried about my 45k in student loans. lol You win!
    But you pushed through it. And you made it, and are still making it.
    There are days when it seems like you aren’t making a dent, that there is no progress. And those days make you feel like giving up. I get it.
    But you stay focused.
    Just like when Peter got out of the boat to walk on the water with Jesus. He took his eyes off Christ and sank. We have to do that in our lives with everything we do. Financial, career, personal, physical, spiritual. We have to keep our eyes on where we want to be, what we want to be, who we want to be.
    If we keep looking up, eventually we will be higher than we ever imagined.

  11. Ben Dempsey says:

    Kimanzi,

    I completely understand where you are. We have been in debt for sometime, and we are also working Dave’s plan too. We could have, should have done better but this year we are going to make every effort lord willing a huge dent into our debt. As I set here this morning, we are at 174,652.78 worth of debt including the house. I am ready to be debt free. I will be praying for you and your family friend. Praying that you have a blessed 2013.

  12. Drew Tewell says:

    Wow! John Maxwell says, “If you want to impress people, share your successes. If you want to impact people, share your failures.”

    Kimanzi, keep making an impact!

    And thanks for having the guts to share this story. By the way, my wife and I are going to do the Dave Ramsey plan as well. Our big issue is writing out our monthly budget. I think that is key. And eating out.

  13. Powerful bro. Your struggles help so many other people. I can say we were there at an early point in our marriage and luckily my wife and I got out of the 10K debt we were in in our first year in Marriage. We never really liked it, and God has blessed us to not fall back into it because its so easy. Thank you for sharing this story because its so humbling to see what great things you have done.

  14. Ed says:

    I think I’m at the breaking point. I haven’t been able to make a mortgage payment in 5 months and it seems that I’m about to be homeless. It really disappoints me because I have a decent job but I can’t catch up, much less get ahead.

    I’m so ashamed it’s depressing. If it wasn’t for my two children I would end it but that isn’t an option while they are little. My worst case scenario is for my wife to stay at her moms and I’ll sleep in my car at work and use the shower at work.

    I feel like it would be better if she found someone else that is more successful and could do right with her and the kids financially. Then I could do what’s needed without remorse

  15. I just want to say I am just all new to blogs and absolutely savored this page. Probably I’m want to bookmark your blog post . You amazingly have awesome stories. Regards for sharing your blog site.

  16. This website is amazing. I will tell about it to my friends and anybody that could be interested in this subject. Great work guys!

  17. Auto Parts says:

    Great goods from you, man. I’ve understand your stuff previous to and you are just extremely wonderful. I actually like what you have acquired here, really like what you’re saying and the way in which you say it. You make it entertaining and you still care for to keep it sensible. I can not wait to read much more from you. This is really a wonderful site.

  18. get in shape says:

    Awesome. Lots of great ideas!LikeLike

  19. Best Car says:

    magnificent points altogether, you just received a brand new reader. What might you suggest about your put up that you just made a few days in the past? Any certain?

  20. I’ve been absent for a while, but now I remember why I used to love this website. Thank you, I will try and check back more often. How frequently you update your website?

  21. I just want to tell you that I am just very new to blogging and absolutely savored your web page. Probably I’m planning to bookmark your blog . You certainly have great posts. With thanks for sharing your web page.

  22. Awesome sauce, thanks guys. Launched a couple of products recently and went down the PR route with mixed success, this feels much more organic and natural. Time to learn, apply and iterate for the next launches!LikeLiked by 1 person

  23. I have really learned some new things via your blog site. One other thing I would really like to say is the fact newer laptop or computer operating systems have a tendency to allow much more memory for use, but they furthermore demand more memory simply to run. If someone’s computer is unable to handle much more memory plus the newest software package requires that ram increase, it usually is the time to shop for a new Laptop or computer. Thanks

  24. Thanks for the points you have provided here. Something important I would like to talk about is that computer memory demands generally rise along with other improvements in the technological know-how. For instance, if new generations of processor chips are introduced to the market, there’s usually a matching increase in the shape demands of all laptop or computer memory and hard drive space. This is because software program operated through these cpus will inevitably increase in power to benefit from the new technological know-how.

  25. Thanks for your write-up. I also feel that laptop computers have gotten more and more popular today, and now are usually the only type of computer utilized in a household. The reason being at the same time potentially they are becoming more and more economical, their processing power keeps growing to the point where they can be as effective as desktop coming from just a few years ago.

  26. Thanks for your write-up. I also believe laptop computers have gotten more and more popular nowadays, and now tend to be the only sort of computer used in a household. The reason being at the same time that they’re becoming more and more inexpensive, their computing power keeps growing to the point where they are as powerful as personal computers through just a few years ago.

  27. I together with my friends were studying the best information and facts from your web site and all of a sudden came up with a horrible feeling I had not thanked the site owner for those techniques. Most of the guys became as a result thrilled to study all of them and have unquestionably been making the most of them. Appreciate your genuinely quite considerate and then for finding this sort of tremendous subject areas millions of individuals are really desperate to be aware of. Our honest apologies for not saying thanks to you sooner.

  28. read website says:

    I simply want to tell you that I’m new to blogs and actually loved this web site. Probably I’m want to bookmark your blog . You surely come with very good well written articles. Thanks for revealing your webpage.

  29. I simply want to say I am just beginner to blogs and certainly liked your web blog. Very likely I’m planning to bookmark your site . You actually come with perfect writings. Bless you for sharing with us your blog.

  30. Hey there, You’ve done a great job. I will definitely digg it and personally recommend to my friends. I’m sure they will be benefited from this web site.

  31. I enjoy you because of your whole labor on this site. Ellie really loves doing investigation and it’s really easy to understand why. A number of us notice all concerning the lively way you convey rewarding items via this blog and improve contribution from people on that concept then our own daughter is without question learning a lot of things. Enjoy the remaining portion of the year. You are conducting a good job.

  32. I just want to say I am just all new to blogging and seriously loved your website. Probably I’m planning to bookmark your blog . You surely come with wonderful stories. With thanks for revealing your blog.

  33. Nice weblog right here! Also your web site so much up very fast! What host are you the use of? Can I am getting your associate hyperlink in your host? I want my site loaded up as fast as yours lol

  34. I just want to mention I’m beginner to weblog and certainly enjoyed this web blog. Almost certainly I’m want to bookmark your blog post . You amazingly come with outstanding articles and reviews. Cheers for sharing with us your website.

  35. moneylender says:

    The Harry’s team: This is a classic business story I have ever heard!!I have been enjoying each and every line you wrote there.. Very much informative and useful to the aspiring entrepreneurs. Many people fail to successfully launch a campaign despite having great products and people.. this is an eyeopener for all businesses in the digital world..@Tim, We wonder how and where you get the success stories of businesses.. Truly amazing.. No wonder why people visit your website/blog repeatedly.Thanks a ton!!SamLikeLike

  36. Perfectly pent content , appreciate it for information .

  37. knowing it says:

    I just want to tell you that I am just all new to blogs and seriously savored your web site. Very likely I’m want to bookmark your blog post . You actually come with excellent article content. Bless you for revealing your website.

  38. Please let me know if you’re looking for a article writer for your site. You have some really good posts and I believe I would be a good asset. If you ever want to take some of the load off, I’d absolutely love to write some content for your blog in exchange for a link back to mine. Please shoot me an email if interested. Thanks!

  39. Nice post. I was checking continuously this blog and I am impressed! Extremely helpful information specially the last part 🙂 I care for such info much. I was looking for this certain info for a long time. Thank you and good luck.

  40. Awesome. Lots of great ideas!LikeLike

  41. Sky Moon says:

    This website is amazing. I will tell about it to my friends and anybody that could be interested in this subject. Great work guys!

  42. I¡¦ll right away seize your rss feed as I can not in finding your e-mail subscription hyperlink or e-newsletter service. Do you’ve any? Please allow me recognize in order that I could subscribe. Thanks.

  43. I just want to tell you that I am very new to blogging and honestly liked you’re web blog. Likely I’m want to bookmark your blog post . You certainly come with superb well written articles. With thanks for sharing with us your web page.

  44. I’m still learning from you, but I’m improving myself. I certainly enjoy reading everything that is written on your website.Keep the tips coming. I liked it!

  45. go to post says:

    I simply want to say I am all new to blogs and actually loved your blog site. More than likely I’m going to bookmark your blog post . You certainly have awesome article content. Appreciate it for sharing with us your web site.

  46. you’re actually a excellent webmaster. The website loading pace is incredible. It seems that you’re doing any distinctive trick. Also, The contents are masterpiece. you’ve performed a great task in this matter!

  47. Excellent weblog here! Additionally your website a lot up very fast! What host are you the use of? Can I get your associate link for your host? I want my web site loaded up as fast as yours lol

  48. I’ve been browsing online more than 3 hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. Personally, if all web owners and bloggers made good content as you did, the net will be a lot more useful than ever before.

  49. Great weblog here! Also your website rather a lot up fast! What host are you the use of? Can I am getting your associate link in your host? I desire my site loaded up as quickly as yours lol

  50. Thanks for your post. I also believe laptop computers have gotten more and more popular these days, and now are often the only type of computer utilised in a household. This is due to the fact that at the same time they are becoming more and more affordable, their computing power is growing to the point where there’re as strong as desktop coming from just a few in years past.

  51. I have learned some new things as a result of your web site. One other thing I would like to say is newer laptop or computer operating systems often allow additional memory to use, but they in addition demand more ram simply to operate. If people’s computer is not able to handle extra memory and also the newest software package requires that ram increase, it could be the time to buy a new Computer system. Thanks

  52. Thanks for your blog post. The things i would like to contribute is that pc memory should be purchased if the computer can’t cope with what you do along with it. One can install two good old ram boards having 1GB each, for example, but not certainly one of 1GB and one with 2GB. One should always check the company’s documentation for own PC to make certain what type of memory is essential.

  53. computer disposal service southampton

  54. I really appreciate this post. I¡¦ve been looking all over for this! Thank goodness I found it on Bing. You’ve made my day! Thanks again

  55. Great ¡V I should definitely pronounce, impressed with your site. I had no trouble navigating through all the tabs and related info ended up being truly simple to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or something, website theme . a tones way for your client to communicate. Nice task..

  56. Hello there, I discovered your site via Google whilst searching for a related topic, your site got here up, it seems to be great. I’ve bookmarked it in my google bookmarks.

  57. One thing I would really like to say is the fact before getting more laptop or computer memory, have a look at the machine in which it will be installed. Should the machine is usually running Windows XP, for instance, the actual memory limit is 3.25GB. Using a lot more than this would merely constitute a new waste. Be sure that one’s motherboard can handle the upgrade volume, as well. Great blog post.

  58. Thanks for the guidelines you have discussed here. One more thing I would like to express is that laptop or computer memory requirements generally increase along with other developments in the technological know-how. For instance, any time new generations of processors are brought to the market, there’s usually a matching increase in the size and style preferences of all laptop or computer memory and also hard drive space. This is because the software operated simply by these processors will inevitably boost in power to use the new know-how.

  59. You are a very capable person!

  60. made a post says:

    I just want to tell you that I’m all new to blogging and site-building and truly loved you’re website. More than likely I’m likely to bookmark your site . You surely have very good posts. Many thanks for sharing your webpage.

  61. Plants says:

    I loved as much as you’ll receive carried out right here. The sketch is tasteful, your authored subject matter stylish. nonetheless, you command get bought an nervousness over that you wish be delivering the following. unwell unquestionably come more formerly again as exactly the same nearly very often inside case you shield this hike.

Leave a Reply