Shoot for a Debt Free Home
- Created on 27 January 2015
Kim Anderson and her family have the pleasure of waking up every morning in a debt free home. They truly owe no man anything...but the debt of love.
In 2 years, the Andersons did what many Americans spend a lifetime doing - they paid off their entire mortgage. Hallelujah! Just let that sink in for a moment...
I had a good laugh at their "mortgage burning" party. How will you celebrate paying off your home?
Liberated From Credit Cards
- Created on 26 January 2015
April Mims is debt free and enjoying exactly how liberating the experience has been. For today's New Year New You 2015, she's challenging the notion that living in debt is normal in hopes to encourage someone else to complete their debt free journey.
Credit cards keep millions of Americans in bondage to the tune of $882.6 billion or an average of $15,000 per household. April paid her credit cards off and has a strategy in place to avoid having to dig out of debt again. Enjoy her interview and be inspired!
Sacrificing for Debt Freedom's Sake
- Created on 23 January 2015
Kara Robinson and her husband added the total debt - $138,000. "That's a house!" as Kara put it.
We make choices in our youth that have to be addressed at some point. She discussing those choices for this New Year New You 2015 profile.
Rather than be discouraged, they are working together and focusing on a plan to be debt free while taking advantage of every opportunity to use their resources most effectively. Kara is taking-Kara-business and she's chronicling her journey out of debt on Taking Kara Myself.
Student Loan Hindsight
- Created on 22 January 2015
Angela Melpolder is in her late 20's and having to weigh life decisions against managing a fairly large student debt load. She offers a transparent glimpse into just how much student loan debt can strain an early start in life for today's New Year New You 2015.
Angela is young and she's still single so she has a lot of flexibility to be aggressive and creative when focusing on dumping debt. Hindsight is definitely 20/20. Who among us wouldn't make adjustments now that we're older and wiser. I love her willingness to be open when discussing the challenges large loans pose.
After you read her interview, please pass this along to anyone who's considering significant debt to fund a college education. Hopefully Angela's hindsight will help a future college student approach loan funding with clearer vision.
Retire Debt Free
- Created on 21 January 2015
Annette Ramsey (no relation to Uncle Dave - as far as we can tell) is working on a goal familiar to many. She's dumping debt in advance of her anticipated 2021 retirement date. Annette provided insight on her in-progress debt dumping goals for this New Year New You 2015 profile.
Eliminating debt before retirement is a goal we all should have in common. Who wants to spend your golden years managing debt or worse dealing with harassing debt collectors if payment is no longer an option?
If retirement is on the horizon, do not believe debt freedom out of reach. One of my favorite debt free conversations involved Jeff Ehrlich of the Debt Free Squad. He and his wife reminded us it's never too late to begin dumping debt.
They began in their mid 50's and didn't finish until 60 and 61.
Saying "I Do" to Debt
- Created on 20 January 2015
Talaat and Tai McNeely of His and Her Money have a great communication skills now after 8 years of marriage. However, the smoothness was a little bumpy in the beginning.
That's nothing new. It takes time to build a solid foundation.
However, Tai - who's been debt-adverse since her sophomore year in high school - learned that her knight in shinning armor was $30,000 in debt right before saying "I Do".
How would you handle the news?
I love Tai's response to the surprise news as given below. The McNeelys share their pre-marriage-money-woes and debt free story for today's New Year New You 2015 profile.
Good vs Bad Debt Debate - It Begins
- Created on 19 January 2015
Trea Branch (of treastwocents.com) is kicking butt and taking names - as far as her student loan debt is concerned. Like many of us, Trea graduated with student debt without much concern or a plan to repay it.
However, after facing facts - she was $180,000 in "good" debt. Is there a such thing as good debt?
The bible teaches that a borrower is a slave to the lender. Any debt has the potential to add stress to your life and present as an obstacle to making financial gains. As such, be done with as much as you can - especially consumer debt - as soon as humanly possible. The good news is the enslavement is temporary, and you can remove the shackles whenever you're ready to get serious about dumping debt.
Trea is and she's today's profile for the New Year New You 2015 series.