Debt free?
By kochmy
@kochmy (94)
Malaysia
5 responses
@saigonwarrior (1331)
• United States
15 Feb 07
Yes, we are debt free. A lot of hard work and sacrifices went into getting this way. My husband and I both have worked hard be free of debt.
For many years we sacrificed and went without luxuries so that we could pay double on the house payment. We did not purchase new vehicles, did not eat at restaurants. I shopped at consignment shops and thrift shops for clothing for the whole family.
It has all paid off. We paid our home off 10 years early.
I take what used to be the house payment and put that amount in our savings.
I hope to never be in debt again. But, we can't see into the future, I can do is hope.
@aposey (20)
• United States
6 May 07
Have you heard of Dave Ramsey? He teaches you how to get out of debt and live a debt free life. Congratulations that you sacrificed to get out of debt. If you haven't heard of Dave check out his website at Dave Ramsey.com and you will be able to live a healthy debt free life and retire wealthy and happy!
@financialpeace (29)
• United States
13 Aug 07
Congratulations on being debt free! I am following Dave Ramsey's financial plan to become debt free. I can't wait. We started with $44,000 of debt and are down to $36,000. I can't wait for it to be down to zero!
Then we will pay off our home mortgage early too.
I think too few people even have being debt free as a goal. It has become a way of life in America and I don't think it's good.
It even took me a while to convince my husband that it is even possible to live a debt free life. He was one of those people who believed that they would always have car payment, mortgage payment, etc.
Now we are doing everything we can to pay everything off. We started a blog to track our progress at: http://www.findingfinancialpeace.blogspot.com.
@jamesme135 (404)
• Malaysia
21 Apr 07
I wish I am free of debts but unfortunately I'm not! I have debt with the bank due to hire purchase of car. Besides that, I also have debt with PTPTN, a government loan I took to finance my studies!
Now, I am facing hard time paying the instalments :)
@aposey (20)
• United States
6 May 07
Check out Dave Ramsey.com. He teaches you how to get out of debt and live a debt free life. Totally ligit, you don't have to sign up for anything, you don't have to pay for anything. It is just teaching you how to live on what you make and how debt is bad and how to get rid of it. Just check it out, it is a life changing experience. It changed my life and will change my childrens lives. If you want to talk more about this let me know. I can try to help I am doing his program right now. I have doing it for a year and have a year left to be debt free except the house.
@linda345 (2661)
• Canada
13 Feb 07
No unfortunetly we are not debt free. We have a student loan, credit card debt, car lease and bank loan. We have rolled it all into one payment except the lease payment on the car and will be debt free in July. We will still have a car payment. I will never own a credit card again as long as I live. They are dangerous for me.
@resa77 (51)
• United States
6 May 07
I wish I was debt free. I have the mortgage, a small car loan, medical bills, and credit card debt. My goal is to be free of most all of this debt (other than the house) in the next year and I'm working hard to achieve that! Being in debt is a bad feeling!
@schreurs5 (80)
• Canada
25 Jan 08
Not yet but we will be completely debt free by summer 2009, if not sooner. Just the house and car payment will free up over $800 per month. We are so excited and it is really hard to be patient when it is so close.
