Summer Blues
People say I've achieved pretty good financial standing for my age. I feel like I finally got my head above water only for the next wave to come.
What can I say about taxes. They're seriously a bitch. I currently live in a pretty "tax state" with no income tax just federal. However, falling into the 20% bracket is really killing me. My money just kind of sits in my bank account not really doing anything. I have a few third party savings accounts but with the APY slipping more and more...it's hardly worth it. I did set up an automatic savings plan though.
Medical bills - that's my _other_ debt in case anyone was wondering. A gas related injury, lol, set me back $3,000.00 and a few points on my FICO score. They're only going to get worse too. I'm going to get a top denture plate in a few weeks. Not something I'm proud of but it has to be done. Poor genes, bad choices and a lack of check-ups got me to this point.
But, whats the point of making bank if you can't improve your health and lifestyle. That's my justification for it all. I'm trying to struggle.. I'm 23, I come from a poor family and I'm self-employed. I'm not suppose to have $30,000 in the bank. I watch my money but still tend to spend a little here and there on random things.
Expect my net worth to plummet in June. With $3,000.00 in medical bills, $2,400.00 for dentures, $1,200.00 going out in 2nd quarter taxes and the normal bills. It's going to be a rough next few months. Not to mention that I just spent $1,500.00 rebuilding my home office.
It's going to fall pretty hard after all that is said and done but I expect it to be over $35,000.00 by the start of Winter. I'm looking forward to doing a bit more with the stock market. I only have $200 in there right now testing methods and learning the system. Hands on learning is the only way to learn. If shit hits the fan it's only $200 - I try to justify _everything_.
So, this post is dedicated to the debt thats about to come, the shit storm that is my health and the over whelming feeling of failure.
Smoke 'em if you got 'em.
