Debt Free, Debt Reduction, Motivation

20 Things That Rock About Being Debt Free

I have been debt free for (almost) three years.  The following is inspired by a conversation that I had recently with a good friend – a buddy of mine who has decided that now is the time to do something about his debt.  I’m very proud of him, and I hope this post inspires him – and you! 1.  I now live in the present, and not in the past. 2.  I no longer worry about late fees, interest rate changes, interest payments, lost payments or finance charges. 3.  I have peace of mind.  If something were to happen to me, my wife would not have to worry about our finances. 4.  I earn interest.  I don’t pay interest.  This…

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Debt Free, Debt Reduction, Motivation

10 Things That Will Happen On The Road Between Being In Debt And Being Debt Free

10.  When you start your journey, you will be pumped!  You will read books, listen to radio programs, subscribe to debt reduction blogs (hint, hint), and fill your mind with debt reduction strategies.  After years of ignoring your debt, you will have had enough.  With enthusiasm, you will create your own debt reduction plan.  You will be ready. 9.  As you move forward, you will learn to sacrifice.  By giving up wants and focusing on needs you will be amazed by how just how much wasteful spending you had been doing.  This will bum you out, just a bit, but you’ll be thrilled to see how much extra money you have.  In these early days, you will put every single…

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Debt Free

Developing Strategies To Remain Debt Free – Strategy 1 In The Series

Finally, YOU DID IT! You worked hard, you sacrificed, you made extra payments, and now, you are, officially, 100%, DEBT FREE! Excited, you do a little dance, complete with running-man style knee lifts and a little old school moon-walking. Life is good.  No.  Life is GREAT! For the next few weeks, you feel like a King.  Who’s the man?  You’re the man!  Who’s debt free?  You’re debt free!  Who rocks?  You rock? Then… You realize that you have a NEW goal – an even BIGGER goal. You want to remain debt free. On February 26, 2006, I made my final debt reduction payment.  I was, for the first time in my adult life, free from the burden of debt. Debt…

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