Complete Debt Freedom – 3 Years In!! What’s It Like??

Complete Debt Freedom

“I want a divorce”

Those words barreled toward me like a hundred ton freight train. They struck me, pushed me backwards into the wall and I slunk down to the floor like someone having a heart attack. Never before had I heard these words and never did I think something could hit me with so much force as this.

From then on, my life was changed forever.

Complete Debt Freedom – 3 Years In!!

November 27, 2012 – that was the divorce date. It absolutely killed me emotionally, but financially…it lit a fire inside me that no human being could have possibly put out. Not with their words, not with their disapproving glances – heck, they couldn’t even have stopped me if they knocked me down and beat me. It was time to break the ties to my past so that I could open the floodgates of prosperity to my . . . → Read More: Complete Debt Freedom – 3 Years In!! What’s It Like??

9 Benefits of Debt Freedom That Have Nothing to Do With Money

benefits of debt freedom

A giant net worth, a healthy savings account, thousands of dollars of cash flow each month – all of these things are benefits of debt freedom, but I wouldn’t call them the benefits. Sure, money is great and all, and it’s fantastic to not owe a soul a single penny, but the benefits of debt freedom reach farther than the typical person can actually comprehend.

9 Benefits of Debt Freedom That Have Nothing to Do With Money

I’ve been completely debt free for almost 3 years now, and it’s funny how things change…

You know those emotionally moving videos on Facebook where the gruff old guy gets gifted with those special glasses so he can finally see color? He opens the box, glances up at his wife and kids and gives the look of, ‘Yeah, right. This isn’t going to do anything. Nothing’s going to look any different.’

…and then . . . → Read More: 9 Benefits of Debt Freedom That Have Nothing to Do With Money

Proof that Anyone Can Retire Early…Even a Middle School Teacher

anyone can retire early

Many folks with massive student debt have no net worth. Well, they do, but it’s in the negative numbers. The thing is, it’s not just student debt that puts folks in the hole.

Proof That Anyone Can Retire Early!

This is a guest post from my buddy Keith Schindler over at MoneyisnotTaboo.com. Shin (as we all call him) didn’t make all the right financial moves in life and yet he still retired in his early 50’s! This goes to show you that you don’t need to be perfect – but you DO have to start! Take it away Shin! Tell us how absolutely anyone can retire early.

When my wife and I got married, I was a student without a full time job. I had very little money. In fact, my greatest asset was my 1974 Fiat Spider convertible.

I was living in a dorm when . . . → Read More: Proof that Anyone Can Retire Early…Even a Middle School Teacher

10 Ways to Make the Most of Your Debt Free Journey

The phrase “debt free journey” sounds like someone is romanticizing the boring task of paying off debt. But if you’ve ever spent time paying off a large debt, you know that phrase is pretty accurate.

Paying off debt is a long term commitment. You have to make the same decision day in and day out that getting out of debt is more important than the temptations that swarm you constantly.

It’s not easy.

And sometimes you’ll crawl into the comfortable box called “woe is me”. It’s not fair! Your friends and coworkers (especially baffling since you have the same salary) have endless amounts of money for taking trips, major house projects, and fancy cars.

I’ll spare you the “we never know what goes on in other homes” lecture. Because honestly, who cares? That’s not going to make you feel better about your own situation.

10 Ways to Make . . . → Read More: 10 Ways to Make the Most of Your Debt Free Journey

The Complete Guide to Sell Your Car Yourself for Thousands More (Even If You’re Under Water)

sell your car yourself

Instead of trading your car into the dealer for $5,000, how would you like to get $7,000 for it by selling it yourself? You might be shy, you might know nothing about cars or selling, and heck, you might even have a lien on your car still. That’s all okay – it’s still absolutely possible to sell your car yourself and earn thousands of dollars more by doing it.

How to Sell Your Car Yourself for WAY More Money

Do you know how dealers earn money? Of course you do… They buy cars for cheap and then sell them for a couple thousand dollars more to the next customer.

When you sell them your car, you can almost guarantee that they’re paying you far less than someone else would. So why is it that so many people just trade their car in to the dealership without thinking twice about it?

. . . → Read More: The Complete Guide to Sell Your Car Yourself for Thousands More (Even If You’re Under Water)

5 Things You Didn’t Know About Your Student Loans (and Absolutely Should!!)

about student loans

More than 2/3 of students graduate with student loan debt. Worse than this, the median borrower graduates with loans in excess of $30,000. It’s no surprise that student loan debt has been on the rise in recent years, but the countless truths that students simply don’t know about student loans is astonishing.

5 Things You Didn’t Know About Student Loans

If you have college debt, you’re obviously not alone, but that doesn’t mean you can go on being oblivious about student loans. Do yourself a favor and take two minutes to learn about the five student loan truths below. By the end, you’ll be happy you did.

1) Student Loans are NOT Bankruptable

Kids graduate from college (or worse, they quit before getting their degree) and they get their breath taken away by their student loan debt totals…

“How in the world did this happen? How could I . . . → Read More: 5 Things You Didn’t Know About Your Student Loans (and Absolutely Should!!)

5 Things I Did to Ditch $21,000 in Just 6 Months

get out of debt in just 6 months

Getting into debt – that’s easy. Getting out of debt…now that’s another story!

But that doesn’t mean that getting out of debt has to be arduous or incredibly slow. If you set your mind to it, and if you gather all the right information, you could get out of debt pretty fast! Heck, I was able to ditch $21,000 in just 6 months earning a $57,000 yearly gross salary. Even if you’re not a math whiz, you know that those numbers just don’t add up. How in the heck could I pay off $21k in such a short amount of time?

Like I said before, I:

had my mind dead-set on getting out of debt, and I had all the information I needed to do it.

Related: How the Debt Snowball Really Works (Free Tool Included For YOUR Debt Snowball!)

5 Things I Did to Get Out of Debt in . . . → Read More: 5 Things I Did to Ditch $21,000 in Just 6 Months

Should You Sell Your House to Get Out of Debt?

should you sell your house to get out of debt

You are absolutely pumped to get out of debt. You sit down, gather up all your credit card bills, car loans, and student loans… Every time you think about this debt, it completely paralyzes you, but then you’re struck with an epiphany! You could sell your house to get out of debt (thank you equity!!)!

But…is this a wise move?

Should You Sell Your House to Get Out of Debt?

Thanks to the huge spike in the housing market, many people are gaining equity back in their homes – HUGE equity. In fact, according to Zillow.com, a house that was worth $150,000 in 2012 is now selling for $200,000 or more, just five years later. If you happened to be one of the lucky ones that purchased a home in 2011 or 2012 (or pre-2005), you’re probably sitting on $50,000 or more in home equity.

So, if you simply sold . . . → Read More: Should You Sell Your House to Get Out of Debt?

5 Ways to Stay Stuck In Debt Forever

5 ways to stay stuck in debt forever

If you’re a regular visitor to LifeAndMyFinances.com (thanks and welcome back!), then you know that there’s plenty of practical, down-to-earth advice here on how to become — and stay — debt free.

However, sometimes in life, it’s more memorable (and also more entertaining) to look at things from the other end of the spectrum — i.e. what NOT to do.

For example, some diet and wellness experts highlight ways that people can add pounds and ruin their health as a kind of scare tactic. The same goes for law enforcement organizations when they want to get people to wear their seatbelt, stop drinking and driving, and so on. Stories and photos of smiling, safe drivers is kind of forgettable. Stories and photos of drivers laid out on a morgue slab is striking.

5 Ways to Stay Stuck in Debt Forever

Well, today I thought it would be illuminating to . . . → Read More: 5 Ways to Stay Stuck In Debt Forever

How David Escaped $35k in Debt After Divorce

debt after divorce

David’s life was rolling along just fine. He married a beautiful woman, had a son, and all in all lived a pretty good life! Sure, he had some debt, but who doesn’t? They could make the payments, and they were sure they’d take care of it eventually.

It really didn’t seem to be that big of a deal….until the divorce.

How David Escaped $35k in Debt After Divorce

Andrew Schrage, the owner of MoneyCrashers.com, recommended that I connect with David just a few weeks ago and I’m definitely glad I did.

David’s story wasn’t unlike many of yours in the fact that he had a pretty sizable debt. What makes David totally different is that he took extreme action against his debt. He slayed the beast, is now standing atop of him, and has the feeling of complete invincibility.

This is where I want you to be.

So what better . . . → Read More: How David Escaped $35k in Debt After Divorce