paying off gambling debt

Pay Off Your Gambling Debt with me #2

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Today is December 6th. It’s an ordinary day, right? Nope, not for me.

Back in March 2008, I found out that I’m going to be a father and my son was due on this date – December 6th. This was a perfect news for my wife and I. The baby was planned, and we were both very happy and excited having our first baby.

But unfortunately, this great news started slowly turning into a dreadful nightmare. And my life has changed dramatically since then.

The baby was on its way. I was desperate to make more money to make sure we’re going to be OK ( it’s a man thing I guess).

I didn’t know much about gambling addiction back then, but I quickly learned about it when I saw what was happening to me. But, it was too late.

Within a year I ended up with £50k gambling debt, and I got separated from my family.

I fucked up, right?

Yes, I have, but we all always get a second chance. Keep this in mind.

Now, almost exactly nine years later I’m expecting another baby. And you know what? If I didn’t go through that nightmare nine years ago, I would probably do the same thing now.

But, I learned my lesson, and I want you to learn from the mistakes I made too!

Quote

“If you can find a path with no obstacles, it probably doesn’t lead anywhere.”

My wife on my gambling addiction

As I mentioned in part 1 of this series, my wife took our son with her and moved abroad living with her parents. It took me nearly six months to sort the most important things out, so I could make enough money to rent a flat and support my family.

After half a year, my wife decided to give me another chance, and I had them finally back with me, and we live together since.

I wonder what she thinks about the situation we went through together nine years ago.

Has she recovered from it, just like I did?

The only way to find out is to ask her, so I decided to give her an unexpected call now and ask her a few questions.

I recorded our conversation, so you can listen to what she had to say:

So I stopped gambling and then what

The day when I stopped gambling, I knew I had to make a change, or I will lose everything.
And eventually, I did make that change.

What did I do? How did I make the start?

Well…

Let me give you a timeline of events.

Month One – September 2009.
Sorting out all my finances. Minimising all my spendings.

Month Two – November 2009.
I started feeling on my skin what is really like paying off a gambling debt. First few months were really difficult, so having a car or even a mobile phone was a luxury that I couldn’t afford.

Month Three – December 2009
I’ve been working a lot at my daytime job, but this still wasn’t enough to support my family. I did some research and launched my first shop on eBay.

I was selling women’s leggings. Why leggings?

I don’t know.

I ask myself this question all the time. This wasn’t a business of my dreams, but it delivered an additional income of somewhere between £300 – £400 a month.

How did I manage to work full time and run an online shop?

It was hard.

My wife helped me a lot. She even managed to involved our little son and without him even realizing he was helping out as well. You can see him in the photo below delivering leggings to the post office on his little plastic tip-cart.


First 3 months have passed fast. What’s happened next?

This was only the beginning.

This is the time where you still have to deal with all your creditors, answer tens if not hundreds of phone calls each month. Open unwanted letters, deal with them and live under permanent stress.

But, things were going in the right direction. However, I still wasn’t 100% sure at the time if I’m paying off the gambling debt or the interest fees only.

Having an additional income from my online shop was great, but this wasn’t, as it turned out a permanent income. Instead of investing more money into leggings business I have been paying off my debt and spending this money on everyday needs. Competition never sleeps, so the business was slowly going down, and I had to start looking for an alternative…

…to be continued
 

 

About me

In 2008, at the age of 28, I ended up with almost £50k debt. I gambled all my money, my wife’s money, our savings, rent money and even food money. I got to the point where I thought there is no way out.

Now things have changed.

I paid off all my gambling debt in under five years. I’m gambling free since and debt-free for about four years now. I will share with you how I managed to pay off nearly £10,000 debt a year. I will show you how I earned this money, step by step with no bullshit so that you can do it too.

 

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