So for about 6 months now, actually probably even longer, we have been working really hard on getting ourselves out of debt. About 2months ago our Sunday school started watching the Dave Ramsey financial freedom series and that helped reinforce our goal of getting out of debt. Ramsey really just tells you how to really make the most out of every penny you have and do it by not borrowing money through loans or credit cards. How you can financially free. If you’ve never heard of this guy I recommend looking him up online, the guy went being worth about 4 millions dollars at the age of 26 to becoming completely broke and in debt. Now he’s reestablished himself financially without borrowing a penny.
Wanting to get out of debt and Dave Ramsey really helped us out (gosh that sounds like an infomercial) but seriously we were able to pay off all of our credit cards (and I personally cut them all up) and we’ve paid off one entire loan. We still have the foreclosure over our heads but lesson learned.
It’s really an amazing feeling. I can say that I have a different view about money now. Just this morning I was sitting at a red light watching all of these brand new cars drive by and all I see is dollar signs and I wonder how many of those people are in over there heads in debt just so they can have that brand new car. Do not get me wrong I’m not against people with new cars I wish I could have a brand new vehicle. I just think that people believe because that they still have checks that there must be money in the bank account. We weren’t like that but Jen and I could have really used this stuff after or even before we got married I think we would have made better decisions in our finical planning.
I find it funny that when we go shopping we’re offered some sort of credit card deal and we tell them that we don’t do credit cards anymore, we paid them all off and cut them up. This usually follows with a great job I hope I can do that one day. I find it funny that they applaud us for paying off our credit card after they just got done offering us one.
I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog.
Tim Ramsey
I agree that once you come out from under the burden of debt, you have a renewed view of the world around you. You look at other people’s “wealth” with new eyes and see that it is just show and really debt. That is freedom. Knowing your self-esteem is not tied to your car!
http://www.beatingdebt.wordpress.com
@Tim
Glad you came stopped by. I started this for family, but anyone is opened to read and leave comments.
@BDO
Could not agree with you more!
Debt is on its all time high with today’s economy. Hopefully people can obtain the help they need to get out of debt.
I am so glad to be going through this adventure of getting out of debt with you (although…sad to say, you married a lot of debt with me). But through it, we have grown closer and have become much more fiscally responsible…although sometimes, my desires for wants outweighs my desires for needs…you manage to bring me back to the reality that getting my “wants” is what got us here in the first place. It’s been fun paying for everything with cash and not having to live paycheck to paycheck anymore!
One loan down…two loans to go!!!
Love you baby boy!
Somehow i missed the point. Probably lost in translation
Anyway … nice blog to visit.
cheers, Chase
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