Dave Ramsey Ping. Thank you Altariel for the ping.
Let me give everyone an example of how nice it is to start LIVING like no one else. This is the first month for me without a mortgage payment and amazingly my current TV is starting to really decline and is most likely on the verge of failure. So, I started looking at new TV’s.
Wow, I couldn’t believe the prices for a basic flat screen TV. I could get a good size for about $300-500. Then I realized that those base models had no functionality and were way behind the current “smart” tv models. I looked around and found a Plasma that will be a huge upgrade for me, but it was a lot more expensive.
I hemmed and hawed about laying down so much money on one purchase for a couple of days, then I thought to myself, “hey, isn’t this why you lived like no one else, so now you can LIVE like no one else.”
So, I bought a new Plasma smart TV with all the bells and wistles AND a new home entertainment center to match it! The great thing is that I feel no guilt or “buyer’s remorse” at all, instead I am very excited for them to arrive so that I can enjoy my large purchase!
In all honesty, I am actually surprised at how easy it was to actually spend some money and am surprised that I have not had any regrets!
So all of you that are working hard to get through the Baby Steps, keep going. It will be worth it.
We too are completely debt free (paying off all debts after 5 years of work!).
As another example of what it is like on Step 7. You save for what you need and then you bargain with leverage. We needed a new roof, siding and garage doors. All looked terrible and were just about completely worn out.
'Normal' would have taken a Home Equity loan and been dumb with Debt. But we started a 'RoofSidingGarage' savings account with automatic deposits and started dumping as much as we could; just as if paying off debt (except for the beans and rice). The three held up for a year and a half and we saved up $17,000 for the project and just got it done.
This is definitely "Weird"!
Here are some photos if you would like to see: https://www.dropbox.com/sh/1744ljejwloa73o/Hx3BUHR1au
We too are completely debt free (paying off all debts after 5 years of work!).
As another example of what it is like on Step 7. You save for what you need and then you bargain with leverage. We needed a new roof, siding and garage doors. All looked terrible and were just about completely worn out.
'Normal' would have taken a Home Equity loan and been dumb with Debt. But we started a 'RoofSidingGarage' savings account with automatic deposits and started dumping as much as we could; just as if paying off debt (except for the beans and rice). The three held up for a year and a half and we saved up $17,000 for the project and just got it done.
This is definitely "Weird"!
Here are some photos if you would like to see: https://www.dropbox.com/sh/1744ljejwloa73o/Hx3BUHR1au