I don't remember the exact moment that YOLO began to define my credit score. Maybe it was the time I bought that $400 game system for my brother that he stopped using after a month. Or the shopping spree I went on every other week because I “needed" new interview clothes, concert clothes, traveling clothes, brushing my teeth clothes and everything in between clothes.
Every time I headed to pay for these things, a ball of guilt formed in my throat. I knew I shouldn't have been spending money. I had JUST paid my card minimum to get my credit balance back to $32. Nevertheless, I shrugged my shoulders, yelled “WHY NOT?" and dug myself deeper into the debt pit of hell.
Living paycheck to paycheck sucks but it was a reality I had accepted after getting my first real job after college. Claiming I had no money, I still managed to travel, eat out, shop, enjoy concerts, and get my nails done regularly. But last year, I decided enough was enough.
Through the loans, the credit cards, and bad habits, a massive debt amount of $86,411.27 stared back at me.
Yes. You read that correctly. This financial burden had also left me with a piss poor credit score of 585.
So, after a major breakdown in my car when I watched my paycheck go to nothing, my best friend ordered Dave Ramsey's The Total Money Makeover for me. After reading it, my edges were not only snatched, they disappeared.
For the first time, I had a vision.
I wasn't becoming disciplined because it was responsible or fun (although it was eventually), but I was choosing to change a pattern in my family. I wanted to be free of dodging bill collectors, attracting high interest rates, and throwing away my check to four maxed out credit cards. I wanted to know what it was like to go into H&M without frantically checking my bank statement to see if I had enough. I wanted to stop the broke and boujee cycle. I wanted financial freedom.
With these new goals in mind, after 12 months, I was able to raise my credit score from 585 to over 700. This was all while earning $30K from my first real job. I had to struggle. I sacrificed the turn ups, girl trips, and even moved in with family to save on rent.
But I pushed myself to break free of a generational habit of “I'm bad with money" syndrome. This is what I learned along my journey from a credit score of 585 to over 700:
I Got Clear On What Happened To My Credit
If I wanted to create a plan, I had to know what I was working with. I realized that I had to face my debt head-on and truly understand my credit score.
Before I started The Total Money Makeover with Dave Ramsey, I sat down and saw what I had been spending most of my money on. The site I used was Credit Karma, which tracked all my credit, loans, and transactions. Can you guess where most of my money was actually going? After credit card bills, it was fast food and shopping.
This brought me to the realization that “paycheck to paycheck" was a choice that I was making because I somehow found coins for other expenses – not necessarily a reality I had to settle for. This helped me cut my budget down to include just the things I needed and pay fast food and shopping to dust.
I Put An End To Credit Limit Increases
This was one of my biggest mistakes ever. When I couldn't keep up with my bills, I would call the bank and ask them to extend my credit line.
Little by little, this dug me in my biggest hole. I thought by receiving more money, I would manage it better, but I was just wrapping more chains around my wrists. Those were truly moments of desperation and I knew I couldn't continue to put myself in a place that forced me to beg for more credit.
This meant I needed a tight budget so that I knew where every penny went. I even cut up my credit cards altogether. This physically forced me to stop depending on them.
I Accepted That Debt Could Not Be Conquered In A Day
Once I totaled all my debt and realized how huge of a mountain I had to climb, I knew I couldn't conquer it all in a day. Instead, I decided to try the debt snowball that money guru Dave Ramsey talks about.
Listing out ALL my debts from largest to smallest, I came face-to-face with this monster I had created.
I picked the smallest debt and just attacked it. That required some missed happy hours and trips to the mall, though. But once I paid off one debt, it created confidence and momentum for me to move on and keep going with paying off the other debts.
Closing Accounts Hurt Credit More Than It Helps
When I actually started knocking out my debt, I wanted to close EVERYTHING. “Just get those demon cards out my sight," I said.
But I learned that closing the accounts would only prove to hurt my credit. What you might not know is credit reports love when you've kept accounts for a long time. It shows that they can trust you.
So even when I began to pay off a credit card, I kept it open to help positively impact my score.
Know That Broke Friends Won't Be Very Supportive
Look, getting your credit score up is HARD. And I hate to say it, but my broke friends did not understand why I was "so serious" about getting in a better financial situation. I had to stop discussing my finances with my deeply-in-debt friends because I often got answers like:
"One purchase isn't gonna hurt anything."
"You have your entire life to pay back your loans."
"It's time to enjoy yourself."
They were like the Hooded Kermit advocating for staying in debt. They didn't mean any harm, but I knew that I didn't have peace. I was tired of going from check to check. I was tired of barely pulling enough pennies together to go on a sub-par vacation.
I had to avoid money conversations with the people who discouraged me from getting my life together. On the flip side, I found some accountable people who walked alongside me during the days I really wanted to quit.
A Financially Free Debt-Free Life Is Truly Possible
When I saw how low my credit score was, I realized that if I wanted to get control, I had to be all in on this financial commitment.
Getting out of debt can be so overwhelming and seem nearly impossible, but as I created a plan and prayed to God, I realized that this was something I could do on my own. Even if it took some time. I had to trust that the process would continually remind me of why financial freedom is something I deserved.
Conquering your credit score is a mindset and it isn't for everybody and I still have a long way to go. But with a budget, a vision, and some sacrifice, I am now able to breathe easier knowing that I'm setting myself up for success.
And I wouldn't change a thing.
Did you know that xoNecole has a new podcast? Hear more about this story and how xoNecole founder Necole Kane, along with co-hosts Sheriden Chanel and Amer Woods, are working to tackle their credit scores and debt on the latest episode of xoNecole's Happy Hour podcast. Listen now on Itunes and Spotify.
Featured image by Getty Images
Originally published on December 29, 2017
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Now, with more than 20 years of experience in professional aviation, starting with American Eagle Airlines and then on to becoming a captain at American Airlines, she has continued to pay it forward. In 2022, she made history as the first commercial airline captain to lead an all-Black, women-led flight crew. She has also written a biography on Bessie Coleman, the first African-American and Native-American woman to earn a pilot’s license, and produced and directed, Discovering Bessie Coleman, working alongside the family to get the project completed. Add to that her role as a founder of consulting firm LadyAv8rBeth, which offers a guide of pathways into aviation, and as a podcast host covering all things aviation.
For Women’s History Month, xoNecole caught up with the busy pilot, in between flights, to talk about her career journey, her role in a Bessie Coleman documentary and book, how she balances self-care and safety, and how other Black women can add to the aviation legacy:
xoNecole: You’ve built an successful career in aviation. And you were only 15 and already had your first flight. Were you afraid at all, or did it feel like second nature to you?
Beth Powell: It felt completely natural. There was no fear, just excitement and curiosity.
Now, it’s what they call STEM, and my teacher at the time thought that I was really good at numbers. He recommended three career paths, and I tried the first one.
I didn't understand why it made sense back then at 15, but as I grew up and met other pilots, I recognized that the reason I liked math and physics was that we were technical learners. So we like to break things apart and put them back together. We like to check procedures. We like to write manuals. We were technical artists.
xoN: That’s such an important message. Many young women and girls are often discouraged from pursuing careers in STEM or aviation, so it’s incredible to hear your story. Now, fast forward a bit—how did you transition into your corporate career with larger airlines?
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BP: After that first discovery flight, I quickly finished my high school classes and graduated at 16. By 17, I had earned my private pilot’s license, and by 18, my commercial license. Then, I moved to the U.S. to attend flight school in Florida. While working on my degree in professional aeronautics, I began working for American Eagle Airlines at just 21. Over the years, I’ve built my career and have now spent 25 years in the airline industry, including 14 years at American Eagle and 11 years at American Airlines. In terms of leadership, being a captain is key.
As a captain, I’m responsible for the aircraft, the crew, and the passengers. It’s a huge responsibility, and you learn a lot about leadership when you’re in charge of so much.
Being a captain definitely teaches you leadership. You’re in charge of every aspect of the flight from the moment you sign in to the moment you sign out. From overseeing the crew to managing the safety and well-being of passengers, you have to make quick decisions and take responsibility. Even when you’re starting out as a first officer, you’re learning vital leadership skills that prepare you for the captain role.
xoN: There's a lot going on with airlines right now that might make someone feel afraid in terms of some of the tragedies that have recently happened. How do you sustain your self-care balance and your resilience in the aviation industry when those sorts of things happen?
BP: I truly believe that aviation is still the safest and the No. 1 safest means of transportation. I say that proudly. For any airline, any pilot, any air traffic controller—anyone who works in the industry—safety is our number one priority. However, of course, we see things happening in the news, and it is concerning to passengers.
What I'm telling everybody to do right now, including myself, is that it's very important to have your source of strength. I'm a Christian, and one of my sources of strength is prayers. I go deep within my prayers every morning, and I pray to God, giving things that I can't control to him, and the rest— I can do my best to deal with.
No. 2 is meditation on the Deepak Chopra app. Ever since COVID happened, that was the first time I thought that I needed something more than just my prayers to help me go through to calm down the noise around me.
And last but not least, I'm really big on self-development. I read, I read, and I read. If your foundation is strong, you have something to build from. And so, when I read, I learn a lot about myself. I learn about what triggers me and when something triggers me. I literally hear the Kendrick Lamar song, "TV Off" in my head, because sometimes you need to shut the noise off.
xoN: That's amazing—the combination of faith and just being excellent at what you do. Now, how did you get involved with the Bessie Coleman project?
Courtesy
BP: I sit on the board of advisers for an organization called Sisters of the Skies, and was at a gala celebrating with all our Black women of our achievements. At the end of the night, Dr. Sheila Chamberlain walked up to me. She was the first Black woman U.S. combat intelligence aviator in the Army. So, if she's walking up to me, it's very serious. She said, ‘I have a favor to ask.’ I said, ‘Yes.’ I did not hear what the favor was. I didn't know what she was going to ask me, but somebody like that walking up to you saying, ‘a favor’? The answer is yes.
She told me [the project involved] helping the Bessie Coleman family elevate the story. ‘I'd like you to ask your company if they will do a flight in honor of Bessie Coleman.’ I went to the different departments at American Airlines, and the rest was literally history. We did that flight on August 8, 2022, and it became a historical flight because everyone on that flight, from the ground up, was a Black woman.
Gigi Coleman, Bessie’s grand-niece, was also on that flight. We started chatting at the end of the flight. Another night, we were hanging out—Sheila, Gigi, and I—and she kept telling me she wanted to write a book, that she wished there was a movie, and that people approached her about it. Nothing had been done as yet. And I thought, sounds like another mission.
I literally took it on. We do have a documentary with the family sharing their perspective of who Bessie Coleman is. And we do have a book called Queen of the Skies.
xoN: For the young women who are looking for career paths in aviation, what are some skills they need to thrive?
BP: While you don't necessarily have to love math to be a pilot, technical knowledge is important. You’ll need to understand aircraft systems and aerodynamics. This includes weather patterns and instrument training. It might seem daunting at first, but the great thing about flight training is that it builds on itself. The more you learn, the more it all clicks. Also, aviation is constantly changing, and you need to be adaptable.
It’s a field where you need to be ready for anything, from unexpected weather to technical issues. Being open to learning new things and adjusting to change is crucial.
My daughter, who has her private pilot’s license, once said, “This journey is both challenging and rewarding. I feel like I’ve grown so much since starting.” It’s important to keep going, even when it gets tough.
To help others, I’m outlining how they can go from “zero to hero” as a pilot. I offer this information freely on my Instagram account, and it’s something I’m passionate about sharing. I want everyone to have access to the resources they need to follow their dreams.
For more information on Beth Powell, the Bessie Coleman documentary, and aviation career resources, visit LadyAv8rBeth.com.
Featured image courtesy