Debt Cancer: More Than 80 Percent Of American Adults Owe Somebody Else Money

TEC ^ | 02/19/2018 | Michael Snyder

[KTM rider]

Highly recomend https://www.daveramsey.com/fpu?gclid=Cj0KCQiAiKrUBRD6ARIsADS2OLkD2SrI1Mc-mEmM53zSt0Z36L6uPQl5RNqI5GE6eJYB65aILddUe4saAiktEALw_wcB

[gunsequalfreedom]

Debt free is the way to be.

https://www.daveramsey.com/baby-steps

So glad we made the journey. None of our money goes to interest payments.

[gunsequalfreedom]

one of the most freeing things ever is paying off all debt. When you are no longer paying interest you have more available cash. That extra cash accumulates and earns interest. Now you can start paying cash for big ticket items like home repairs and cars.

Yep!

[madison10]

Thanks. Mary Hunt is good, too.

[upchuck]

I do not have any debt except my monthly bills. I own my house and my automobiles.

Ditto. Being debt free is a great feeling. Spent most of my life busting my ass to get here. Feels really fine.

[lurk]

Totally entirely absolutely debt free for 2 years now, including mortgage.

I recommend it.

[HotHunt]

The same thing happened to us. In the 2008 stock market crash, we lost over half our life savings, three years before our scheduled retirement plans.

I also lost my job but I got the cash moving again by starting my own business. It started slow but got better as the months went on.

Selling our home in Arizona to move and buy a place in Florida for retirement didn't go as planned. The housing market collapsed and we owed more than the value of the home.

So we went to Plan B. We rented the home to cover the mortgage and took money from our remaining retirement savings, to build a new home in Florida with cash.

Now that the housing market is back, I am selling the house in Arizona finally. I now have a nice equity in it. We own four homes, with only a small mortgage on the one we're getting ready to sell.

We retired as planned in 2011, and have done what our original plans were. It just took a couple of different routes for us to get here. We stayed flexible and didn't give up.

We retired debt-free and that by itself makes for the most peaceful, stress-free retirement.

[Jacquerie]

Government’s promotion of massive student debt is an ingenious, insidious way to prevent family formation.

No families, no civil society. No civil society, no republic.

[LiveFreeOrDie2001]

I’m in my 50’s & don’t owe anybody one single Penny.

100% Debt Free.

[metmom]

We paid cash for our current home in 2008 and are debt free other than normal living expenses.

We're in the same situation.

We bought only what we could afford.

And we buy only what we can afford.

S ometimes, for major purchases, we use a credit card, but do pay it off every month.