How Insecurities Can Cost You $40,000

How Insecurities Can Cost You $40,000


– I felt confused, like
I was missing something. Missing the boat on something,
God’s calling on my life. I was about $40,000 in debt. I was trying to fill a hole with things, with material things. Handbags, jewelry, shoes,
sunglasses, watches. And I would purchase things,
realizing I didn’t need them, and then spend the entire
weekend returning all of them. But, the feeling that I
would get would be happiness. Kind of that gratification for a moment, and then I’d all of a sudden feel the weight of the world back on me. I realized that I wasn’t living the life that God wanted me to live, and it was something that I
needed to dig into deeper. I needed to know kind of why
I was feeling that way. What were things I was trying to suppress? The childhood stuff, you know,
needing to people please, and impress people, and be
perfect, and look perfect. When I started Financial
Peace, I felt a peace. It was a peace that I literally
cannot put into words. I felt the Holy Spirit wash over me. My money started to change.
I was in control this time, because I was submitting it to God first. It’s all His, anyway. So, I’m just, I’m a steward of it. – Lacy, thanks for being here. – Thanks for having me. – And sharing your story. So, your story, it’s amazing. So, unpack a little bit of it for me and just kind of how your
spending habits have, where it kind of began
and where you are today. – So, it started when I was younger, but I think it got hot and
heavy when I was about 18 or 19, when I got my first credit card. I remember actually driving in a car that was probably less expensive than the sunglasses I had on at the time, so yeah, that was an eye-opener for me. But it started young and looking back, it was a lot of just trying to fill a void and trying to impress people. – Yeah, absolutely. So, were you around, like your friends and
kind of like the group you kind of hung around, would you say were pretty, like, affluent, like you felt like you had
to keep up this appearance? – Yes. – Because of the people you were around? Does that make sense? – Yes, yes, yes. I would say yes. – Yeah, absolutely. Well it’s an issue I feel
like we struggle with, I mean, so many people, right? In this culture, in this world today. I mean it’s constant,
and so for you, though, racking up a lot of credit
card debt, $40,000, right? – [Lacy] Mhmm. – And, you kind of hit a
point that you were like, “Okay, something has to change” emotionally, in your heart, and
financially, you were like, “I don’t want to keep doing
this over and over again.” So, tell me a little bit about that, like what was that breaking point for you? – I would say when I was
at my hometown church in Houston. He was doing
a relationship series, and for some reason, that all aligned. It was about becoming
the person the person you’re looking for is looking for, good old Andy Stanley. – [Rachel] It’s good, yes. – But that actually opened the
door for the financial bit. I always knew I needed to get it together, I just, I couldn’t. And of course, I would feel bad about that, then I would spend more, then
I would return everything, and then I would . . . it was a lovely cycle. – [Rachel] Yes, so when
you were in that cycle, what would that look like? You’d go out, you’d go shopping, you said you returned stuff. So, like, walk me through just that. I’m just curious what that looked like for you. – Yes, I would, after work on a Friday, I would be feeling a certain way, now that I look back, I know what it was, just, you know, feeling
bad about that day, feeling like I didn’t do enough. I needed something to
fill that void, that hole. And so, I would go to good old T.J. Maxx and HomeGoods and Target, where I’m not allowed to go anymore, actually, no I can go there
now, I can go there now, because I’ve got strength
I didn’t have before. – Yes, that’s right, that’s right. – But I would go, and I would spend money on things that “I could afford,” because, I mean, I made plenty of money, but I really couldn’t afford, didn’t need, and then realize in the morning I had to wake up and return all of it. And I would go out of my way
to go to different stores that weren’t those stores to return, because I was embarrassed. – [Rachel] Yes. – I was embarrassed. – [Rachel] Yes. – Yeah, I felt ashamed. – Mhmm, no absolutely. And I think that that’s such a great picture,
it’s such a great example of what we deal with in our world today. So, take like, even the
money piece out of it, but the emotional side,
like we really do believe that stuff is going to make us happy. – [Lacy] Yeah. – And it is going to fulfill us. And if
I just have this new thing. And I say that to myself sometimes, I mean you know, I can fall into that. And so, it’s so funny
though, because I’m like, you know that’s not true, right? You said within a
few hours, you’d be like, “Okay, that was it. I need to go return it now.” – [Lacy] Yeah, mhmm, mhmm. – It’s like the high is over, and so talk to me about people
that they’re kind of like scratching that itch for
themselves constantly and they’re constantly buying things, what would you say to someone, if that’s kind of their story? – Well, I would say that
God’s going to be the only thing that’s going to fill that
hole. That’s the truth. – Yeah. – And then everything else aligns. Literally, everything else aligns. So, I would just say they’re not alone. That there’s so many other
people out there like them. I know I felt like that, that I was the only one,
and I was embarrassed. I thought I had it all together, but behind closed doors,
I knew that I didn’t. I’d lie to myself and
tell myself certain things and come to find out, the older I got, I realized all those other people were going through the same thing I was. They were dealing and
doing the same thing I was. Playing a part, filling a void. And some people filled
it in different ways, but yeah, it’s been a journey. It’s been a beautiful
journey I wouldn’t take back. – Absolutely. Well, on the show I feel like we talk a lot
about the tactical side of money, of like paying off debt and getting on a budget and
getting control and all of that, but money’s usually the
symptom of other things, right? – [Lacy] Mhmm. – Of deeper issues, like
kind of what you were saying. And like, I feel like we all have
tendencies to medicate. – Yes. – But you have to get to
the root and the problem. And that’s—the problem’s
different for everyone – Yes. – And everyone’s looks
different, and yours happened to be just spending money
to medicate in that way. – Yeah. – But for people out
there, I think that’s just such a good reminder of like,
dig into yourself, right? – Yeah. – And your story. And
know where that comes from, because once you can solve
that root, like you’re saying, and then you get these tactical
principles on top of it, then you can start to make progress. – Yes. – So, getting tactical,
so you had $40,000. – [Lacy] Yes. – You decided to go to
Financial Peace University. – [Lacy] Yes! – Yes, okay tell me about that? – Oh gosh. Legit godsend. I mean, I couldn’t come up with a
better name for Financial Peace than just that, Financial Peace. – Wow. – Because it’s exactly what it gave me, and from day one. It’s something that I
want everybody to feel. – [Rachel] Yes, yes. – I’m grateful for the opportunity. – Yeah, that’s so awesome.
And you’ve paid down how much debt so far? – $7,200. – $7,200! Girl, you’re like killing it. – Yeah, more to go, yes. – Do you feel the traction? – I do. I do. Yes. – Good. – It’s kind of bananas looking back. – You’re doing it,
girl. You’re killing it. – Thank you. – Come back on when you’re
debt-free so we can celebrate. – Oh, I will. Yes, yes. Do the scream. – So awesome. Well thanks, Lacy. – Thank you so much.

5 Comments

  1. HONEY LOVE says:

    God bless you, Lacy. Thank you for sharing what so many of us have to face. Thank you Rachel for this Lovely Show!

  2. WAP says:

    Very good clip. We need more clips like this!!!!

  3. Aaron Hernandez says:

    Proud of you! It’s a process and it’s one step at a time

  4. angel0island0ninja says:

    Addictions come in all forms. I'm glad this lady found her way out. I found out I really enjoy shopping, but not having items, so I will either shop at the salvation army, or go and buy items to donate to shelters. Turned my bad habit into a good one lol

  5. LaT How says:

    The boat I'm in now. But I don't return the items. I spend due to boredom and loneliness. I already go to the gym, walk my dog 4/5 times a day, work and volunteer, but I still get bored. I've been debt free (in and out) multiple times. I will be debt free again next month.

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