Financial Independence – what is it really? Is it when you finally rid yourself of all debts and can actually afford to buy some bling with cash? Or is it when you finally have enough money socked away for that inevitable future emergency?
There are many different opinions about financial independence. Some of them are blatantly wrong (like the emergency fund statement above), while others are close but are stretched a bit so that financial independence becomes more achievable for them.
A little advice for you. Don’t dumb down financial independence just because you’re not even close. Learn what it . . . → Read More: Financial Independence: It’s Not the Final Chapter
In 2011, my newly wed husband and I decided to get out of debt. It felt counter-intuitive because it was, after all, our first year of marriage. Weren’t we supposed to be having fun and seeing the world, not battling debt in a tiny apartment and a rice and beans diet?
We didn’t understand it fully at the time, but spending our first year of marriage battling debt as a team was one of the best decisions we’ve ever made. Not only did it help us learn better financial habits, but it helped us change our behavior about money – . . . → Read More: How to Enjoy the Weekend While Battling Debt
This isn’t an infomercial. I’m not selling you a ‘get out of debt quick’ package for five easy installments of $39.95 (but wait, there’s more! Now you can get two for the price of one! Just kidding…). There is a way to ditch your debt in less than a week, but it doesn’t come without extreme sacrifice.
How to Ditch Your Debt in Less Than a Week
Are you pissed off at your debt? Are you sick of living paycheck to paycheck just to cover all those payments? Then get rid of them! Ditch your debt in less than a . . . → Read More: How to Ditch Your Debt in Less Than a Week
Getting through college without debt used to be an obtainable goal for many students. Now, a student is considered lucky if they graduate with minimal debt. The average debt that a college student will accumulate in four years is $35,051. This number is shocking, and to add onto it, this is for the average state college. Private colleges likely rack up even more debt.
(*This post was written by Kimberly Studdard, a regular guest writer here at Life And My Finances)
How to Get Through College Without Debt
Hope is not lost for you though. I have 15 different ways . . . → Read More: How to Get Through College Without Debt
There’s a difference between being financially uncomfortable, being comfortable, and reaching financial freedom. And Brian Robben is committed to reaching financial freedom and teaching others how to do it along the way. Today, I interviewed Brian who recently wrote the new book Freedom Money.
Debt is often a roadblock for many people trying to get rich. What are some specific tips you have to destroy debt?
I 100% agree that debt needs to go if your goal is financial freedom. Debt is vicious and can ruin your life if it gets too much power over you.
. . . → Read More: Freedom Money – The Road to Financial Freedom
It doesn’t make any sense does it? Just eight years ago, our nation saw one of the most devastating recessions in history, but now it seems like we’ve so quickly forgotten what put us there in the first place. Not only has personal debt been increasing over the last couple of years, it’s once again inching toward the all-time high.
5 Reasons Why People Are Taking On More Debt
There’s no doubt about it – people are taking on more debt, but why? Why would they put themselves at risk again? Are we all just so vain . . . → Read More: 5 Reasons Why People Are Taking on More Debt
Katelyn is 26 years old and has learned to hate debt (go Katelyn!). And, she’s learning to conquer with the best of them. I hope you enjoy her story as much as I did.
Student loan debt is the worst. There are so many things I would have done differently if I had known what $44,000 in student loan debt does to one financially, mentally, and physically.
I have two degrees – a BA in biochemistry and a MPH in public health. Both degrees cost me just over $22,000 in loans for a total of $44,103 in student loan debt. . . . → Read More: How I’m Conquering My $44,000 of Student Loan Debt
I officially became completely debt free on December 11th, 2014, just over a year ago. I paid off my student loans, my credit cards, the divorce settlement, and my house. I had no chains weighing me down. I was completely free.
So how has life been since then? Has a debt free life really been all that different than the one that had a student loan and mortgage payment? Let me tell you, it is worlds different.
The Debt Free Life – After 1 Year
Today, 371 days into my debt free life, I sit here at my laptop with . . . → Read More: My Debt Free Life: 1 Year and Counting…
Credit cards offer reward points and they can boost your credit score if you pay the bills on time, so why would I say that a credit card is a bad idea? Well, to put it simply, these two positives don’t offset the seven negatives.
7 Reasons a Credit Card is a Bad Idea
Really? There are seven cons to owning and using a credit card? That’s right, and these are seven solid reasons as well. Let’s dig into it:
1) You start believing it’s your money
You’ve got this card in your wallet and man, it’s powerful. You could . . . → Read More: 7 Reasons a Credit Card is a Bad Idea