I’m sitting here in my office right now, freezing my tail off. We keep the heat much lower than I’d like it to be. Why? Because we want debt freedom more than we want the instant gratification of a warm house and whatever else our little hearts desire to have.
Is this a fun way to live? Yes, and no. At first glance when we choose to tell ourselves “no” to things, we’re tempted to throw a bit of a tantrum and argue with ourselves about how we want/need/deserve A, B or C. That part is NOT fun, but it’s easily and quickly overtaken by “Yes” when we remember what’s waiting for us at the finish line of our marathon to debt free. What’s waiting for us?
1. No More Being a Slave. No more being under the thumb of credit card companies and mortgage lenders. No more having them dictate what we do and don’t do, where we work, and how we spend our time as we hustle to find ways to send them OUR hard-earned money.
2. LOTS less stress. I would say that 90% of the stress in our lives is financially related. Every time we have to spend money, whether for a medical bill, food, car/house repairs, whatever, there is stress. Why? Because we have to figure out how we’re going to come up with the money and balance it with the bills that are due. When the debt is gone, we’ll work on building a mighty fluffy savings account so that it goes back to being “just money” and not a constant source of stress for us every time we have to make a spending decision because of the lack of available funds.
3. Freedom. To go, do and experience more things. To decide whether or not we’ll take a vacation, buy clothes, switch jobs or buy something based on whether or not it’s best for our family instead of whether or not we’ve got the cash.
4. More Time. We spend WAY too much time thinking about money and working extra hours to pay the bills. What a waste! If our debt was gone and we had a solid savings/financial plan in place, we wouldn’t spend half the time thinking about money that we do now.
5. Peace. I want you to take a moment to imagine your life without debt. You owe no one, and have enough money in savings and retirement funds that you can make spending/working/living decisions based on what you want to do rather than on whether or not you can pay the bills. I know it’s tough – you’ve been struggling with money for SO long, but just close your eyes for a moment and imagine someone just handed you a couple of million in cold, hard cash. You pay off your bills, your mortgage, and bank the rest in a safe interest-bearing investment. You are now free to quit your job, move to a warmer climate, buy whatever you need, and give however you please. Can you feel the peace flooding over you? Are there tears in your eyes as you immerse yourself in the feeling of what it’s like to be debt free?
This is why we live the way we live. It’s why we keep the heat low, hang dry our clothes, and keep our grocery budget for our family of six to $400 a month. And keep our entertainment budget to $60 a month. We do this so that one day, in the not-t0o-distant future, that “feeling” we felt when we imagined life being financially free will be REAL. We choose to live like no one else lives so that later we’ll be able to live like no one else lives, as Dave Ramsey says.
My in-debt friends, I know you’re so tired of running the race required to keep up with your creditors. You deserve better, MUCH better, You deserve to have more through a life of financial freedom. Join the growing crowd of those people and families choosing to say “NO MORE” to the lure of instant gratification and materialism, and join us all on the road to financially free.