While most readers of my personal finance blog have been overwhelmingly supportive of our debt free success story, there have been a few people who have
said living debt free is NOT a good idea and will negatively affect our 3 Official FICO Scores from Experian, TransUnion and Equifax.
Not exact matches
«Focus on paying down all
debt and downsizing — if necessary — because
living debt -
free in retirement means
living stress -
free,» Janis
said.
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If you've got a major, shared goal — like,
say,
living overseas or
living debt free — you're going to have to get practical.
It doesn't need to be fancy and the list doesn't need to be over the top... I write down things as simple as «The way Lilly
says the word «Fish,» or «The taste of a fresh batch of homemade salsa,» all the way to things like, «I'm thankful we are
debt free,» to «I'm thankful for the beautiful house that my family and I
live in,» and «I'm thankful for the gift of Jesus Christ.»
Of course as David
said, retiring
debt free takes work and it probably means you have
live a more frugal
life today so you have less
debt tomorrow.
I'm not
saying don't worry about budgeting and
living within your means but don't put off getting this
free money and huge returns for retirement because some yahoo
said you needed to be
debt -
free.
These tips from our advisors are a good blueprint for anyone who is looking to
live debt free in 2018,» he
said.
Germaine
said she began to «dream» with her husband about what
life could be like for them when they had money saved, could send their two sons to off to college
debt -
free and not have to worry about money.
«If they sold both rental properties they could pay down their mortgage and their personal
debt and get close to
debt -
free, an ideal position when
living on one income and starting a family,»
says Franklin.
«
Life is going to look a lot better when you're
debt -
free in your 40s,»
says Hamilton.
«
Life after student loan
debt has been rewarding and stress -
free,»
said Adrianne Harris, founder of Write On!
being
debt free allows a certain amount of freedom to
say no and you start to
live life on your own terms
In another New Yorker article in 2011, Alec Wilkinson
said the rise of the tiny - house movement was based in part on the rhetoric that big houses were wasteful «debtors» prisons» while little houses were «luxurious» because their owners could
live there
debt -
free and spend more time enjoying themselves.
Matt H, I know you
said it seems like people are told to
live below their means, that isn't true in my experience, instead they teach you to think about how you are spending your money, how you can cut back so that you can get out of
debt and use the extra money to develop passive income streams to get financially
free.