Our story begins in 2011 when I married my beautiful wife approximately one month after graduating from grad school. Suddenly I had 5 months until the student loan payments would be due. After thoughtlessly and foolishly racking up $104,000 in student debt from undergraduate and graduate studies, the grim reaper came calling. Ironically a BS in Accounting and an MBA did not prepare me, or warn against, this mountain of personal finance stupidity.
At first we “played” with the debt. The minimum payments totaled up to $950 per month, so it felt like a really responsible thing to add unscheduled principal in amounts like $250 or $300 per month. As you can imagine, we looked up a year later and the unpaid principal balance hardly blinked. After a few coworkers I highly respected name dropped Dave Ramsey within a very close time period, my curiosity was piqued enough to listen to the radio program. As a podcast radio junkie, this was a safe way to dip my toe in the water.
Needless to say, we drank the Dave Ramsey Kool-Aid. After 36 grueling months of rapid debt reduction, WE DID IT. Along the way I have encountered countless others who are working their way though situations like this. In that time I discovered that personal finance was a passion of mine, and MyBigFatIrishWallet is an outlet for that passion. This site will follow the guidelines and principles outlined in the Ramsey plan, because it worked for us and those principles are sound.
I hope you enjoy this website and if it changes one person or couple’s future, it was worth the trouble. God bless, and I’ll see you on the blog.
As I alluded to before, I am an accounting professional, father, husband, and Catholic; in reverse order! I went to school at Rockhurst University and studied Accounting, Management, and Philosophy. Currently I work in the Commercial Real Estate Loan Servicing industry, in an Accounting and Reporting role.