“If you want to live like no one else tomorrow, you have to live like no one else today” -Dave Ramsey
A saw a statistic the other day that said the average American consumer is carrying over $7,000 in credit card debt. The skyrocketing cost of college has also resulted in student loan debt at 44 trillion dollars with an average debt load of $37,172 for each person. These numbers do not include other debt “normal” people carry including a mortgage and a car. Add all of these elements together and you can understand the pressure people are feeling regarding their finances.
It seems most folks see debt as just a part of life. “You will always have a car, credit card, and a house payment”
Is this statement true? Why!
Having been 100% debt free now for four years and I can without a doubt say it does not have to be that way. It is possible to get out of debt and to stay that way.
Really, since being out of debt I find it very hard to imagine digging a new hole for my future. Lord willing I will never have debt again.
So how do you live a life without debt? Really it is a matter of mindset followed by habit.
Here is the simple solution:
- Don’t buy stuff you can’t afford
- Don’t buy stuff you don’t need
- Live below your means
- Save Automatically
- Marry right
- Chose your career wisely
- Learn to enjoy free stuff
- Save today for the future you want twenty + years from now
- Be content and grateful for what you have
- Never stop learning
The keys to a debt free live are there for everyone to grab. Now that I am there, I wonder why I ever lived my life any other way.
You can open this door as well with some planning, education and time. Just listen to the stories from Dave Ramsey callers for a week and I guarantee you will leave believing you can do it.
Why are you waiting?