Comments on: A Life Without Debt: Five Myths About Being Debt Free

By: Larabelle

Larabelle — Mon, 22 Mar 2010 12:37:52 +0000

“You

By: Mick

Mick — Thu, 25 Feb 2010 16:13:50 +0000

The grass always appears to be greener on the other side. I guess the only real change is how you view your life, and not just focussing on getting rid of debt.

By: Robert M

Robert M — Thu, 18 Feb 2010 12:54:42 +0000

Great Points!!!!! We will have the house paid off in 3 years and 10 months..or sooner.
I disagree with the FICO score. We will not pay interest to build our Fico score or play with the credit card industry. So be it if we pay extra for car insurance. If an employer refuses to hire me because I am debt free and responsible with money, and no or low FICO score, I am better off not being hired. I do not want to work for someone who is not able to think rationally.

By: ThiNg

ThiNg — Wed, 17 Feb 2010 18:18:05 +0000

LOL, this article reminds me of the same arguments I hear about losing weight and being in shape. You never have to worry about what you eat! You never have to go to the gym! You must have perfect health! You never have to worry about your health!

Bottomline, you only succeed in things that you work hard at. Easy as that.

By: Mike

Mike — Mon, 15 Feb 2010 04:59:15 +0000

Thank you all for that reaffirmation in American financial confidence. My wife and I have three children and only owe money on our house; we have only ever paid 23cents to a credit card for interest (due to a late payment) and use them to get us free trips to Canada to visit family. My grandmother and wife’s parents taught us the time value of money long before we ever hear of Dave Ramsey or debt counselors; the great puritan work ethic and drive to avoid the overhead cost of mortgaging our livelihood by living without certain things is mostly where we offer credit for our thought patterns; this experience gives me the confidence to help others manage their current financial situations while building financial insulation for the future.

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Mon, 15 Feb 2010 04:16:03 +0000

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By: Jackie

Jackie — Thu, 11 Feb 2010 07:00:06 +0000

Clinging to such myths, especially the myth that you have to be rich to be debt free, is how some people justify giving up on achieving a debt free life. One of my coworkers said almost exactly that same thing, said “I could be debt free too if I were as rich as ______.” I tried to say it was his own choices that keeps him in debt, but he doesn’t want to believe that. It makes him feel better to think his debt isn’t really his fault, it’s just his bad luck to not be born into money (or get the lucky breaks that others who have money must have gotten).

It makes me sad to see an otherwise perfectly capable person handicap themselves in that way.

By: Lillie

Lillie — Wed, 10 Feb 2010 19:04:31 +0000

Well, before I make the statement again, “If I were debt free…” I’ll stop first and reconsider the myths that you pointed out. I never considered the flipside but will definitely prioritize some areas in my life to getting where I need to be to achieve some debt-free goals.

By: teresa

teresa — Wed, 10 Feb 2010 16:03:35 +0000

I am making the last payment on my house today!! I want to shout it from the rooftops! But it wouldn’t have been possible if I had bought a big house I couldn’t afford. We have friends that have big houses, new cars, boats, and RV’s plus eat out all the time, my husband sometimes wants that lifestyle until I remind him of all those lovely payments they have.

By: Forest

Forest — Wed, 10 Feb 2010 08:25:33 +0000

I actually just see debt free people as careful people with the right mental attitude. I am not debt free but do intend to be one day asap…. When I am I realise it will be a constant struggle to be debt free and sometimes I will have to do without!

Great post.