Comments on: Why We Are Committed to Living Debt Free http://myfamilysmoney.com/blog/why-we-are-committed-to-living-debt-free/ getting the most out of life one penny at a time ... Tue, 06 Jul 2010 04:01:34 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Steward http://myfamilysmoney.com/blog/why-we-are-committed-to-living-debt-free/comment-page-1/#comment-90 Steward Thu, 17 Apr 2008 20:39:00 +0000 http://myfamilysmoney.com/blog/2008/03/why-we-are-committed-to-living-debt-free/#comment-90 @ traineeinvestor - I don't mind businesses or governments having debts, these institutions acquire debts that they can repay to increase profits or to improve operations. I simply cannot see myself taking on debt to buy stocks in the hope that I did my research right and will earn money on my gamble. I don't even think I could take out loans to start my own business - I would simply use money that I already had or had saved for the express purpose of starting a business. I am very risk averse! @ traineeinvestor – I don’t mind businesses or governments having debts, these institutions acquire debts that they can repay to increase profits or to improve operations. I simply cannot see myself taking on debt to buy stocks in the hope that I did my research right and will earn money on my gamble. I don’t even think I could take out loans to start my own business – I would simply use money that I already had or had saved for the express purpose of starting a business. I am very risk averse!

]]> By: traineeinvestor http://myfamilysmoney.com/blog/why-we-are-committed-to-living-debt-free/comment-page-1/#comment-88 traineeinvestor Thu, 17 Apr 2008 06:09:00 +0000 http://myfamilysmoney.com/blog/2008/03/why-we-are-committed-to-living-debt-free/#comment-88 I actually like debt - it can add a lot of value to your investment returns if things go well. Of course it adds risk as well, but no risk = no return.<br/><br/>If you mean consumer debt, I absolutely agree that zero debt and a simple values based lifestyle is the way to go. I actually like debt – it can add a lot of value to your investment returns if things go well. Of course it adds risk as well, but no risk = no return.

If you mean consumer debt, I absolutely agree that zero debt and a simple values based lifestyle is the way to go.

]]> By: Anonymous http://myfamilysmoney.com/blog/why-we-are-committed-to-living-debt-free/comment-page-1/#comment-77 Anonymous Sun, 23 Mar 2008 09:50:00 +0000 http://myfamilysmoney.com/blog/2008/03/why-we-are-committed-to-living-debt-free/#comment-77 Being debt free is akin to being set free - yes from aka debtor's prison.(I'm sure that is in every debtor's mind - no matter how much we deny it)<br/>We have no debt now and finally achieved this at a great cost.(Inheritance).<br/>However, we've always lived frugally & things aren't changing now.<br/>We bought a used (barely)family car the other day with cash - that was nice. A brand new fancy one would have put us back in debt.<br/>No way - debt free here to stay.<br/>Thankyou God! Being debt free is akin to being set free – yes from aka debtor’s prison.(I’m sure that is in every debtor’s mind – no matter how much we deny it)
We have no debt now and finally achieved this at a great cost.(Inheritance).
However, we’ve always lived frugally & things aren’t changing now.
We bought a used (barely)family car the other day with cash – that was nice. A brand new fancy one would have put us back in debt.
No way – debt free here to stay.
Thankyou God!

]]> By: Rodrigo Lagdameo http://myfamilysmoney.com/blog/why-we-are-committed-to-living-debt-free/comment-page-1/#comment-73 Rodrigo Lagdameo Sat, 22 Mar 2008 17:56:00 +0000 http://myfamilysmoney.com/blog/2008/03/why-we-are-committed-to-living-debt-free/#comment-73 Great commitment to being debt free. Great commitment to being debt free.

]]> By: Sharon http://myfamilysmoney.com/blog/why-we-are-committed-to-living-debt-free/comment-page-1/#comment-67 Sharon Tue, 18 Mar 2008 16:18:00 +0000 http://myfamilysmoney.com/blog/2008/03/why-we-are-committed-to-living-debt-free/#comment-67 I'm thrilled that I was able to get out of consumer debt this winter. It eases my mind, for a minute until I see my large HELOC, and mortgage. I don't think I will be fully satisfied until those are paid off. Your goals are very similar to ours. Frugality is the key in today's times. If you can be happy living that way, you will be able to save and stay out of debt. Great post. I’m thrilled that I was able to get out of consumer debt this winter. It eases my mind, for a minute until I see my large HELOC, and mortgage. I don’t think I will be fully satisfied until those are paid off. Your goals are very similar to ours. Frugality is the key in today’s times. If you can be happy living that way, you will be able to save and stay out of debt. Great post.

]]> By: Mike http://myfamilysmoney.com/blog/why-we-are-committed-to-living-debt-free/comment-page-1/#comment-66 Mike Fri, 14 Mar 2008 12:25:00 +0000 http://myfamilysmoney.com/blog/2008/03/why-we-are-committed-to-living-debt-free/#comment-66 Great post. Currently I feel that "debtors prison" still exists, if only in my mind. I can't wait to dump this debt, and thankfully my family is behind me as well. <br/><br/>Keep up the great work! Great post. Currently I feel that “debtors prison” still exists, if only in my mind. I can’t wait to dump this debt, and thankfully my family is behind me as well.

Keep up the great work!

]]> By: Amanda @ Me vs Debt http://myfamilysmoney.com/blog/why-we-are-committed-to-living-debt-free/comment-page-1/#comment-65 Amanda @ Me vs Debt Fri, 14 Mar 2008 11:23:00 +0000 http://myfamilysmoney.com/blog/2008/03/why-we-are-committed-to-living-debt-free/#comment-65 Very well said! Debtor's prison... yikes. Glad I wasn't around back then! <br/><br/>Although I'm starting a little bit behind, I've decided to embrace the same values that you list here. I've learned first hand how financially and emotionally draining debt can be... I'm never going back!<br/><br/>Once I am debt free I'm going to be committed to saving up for freedom... be it retirement, quitting an unhappy job, helping out a friend or relative, donating to a worthy charity, starting a family, buying a pet monkey :), ANYTHING. <br/><br/>Once I'm debt free I will own my earnings and I will be free to do as I please. Thats a huge motivation for me. I will happily continue to embrace my frugal ways, but it will be by choice - never necessity! <br/><br/>I really enjoyed this post :) Very well said! Debtor’s prison… yikes. Glad I wasn’t around back then!

Although I’m starting a little bit behind, I’ve decided to embrace the same values that you list here. I’ve learned first hand how financially and emotionally draining debt can be… I’m never going back!

Once I am debt free I’m going to be committed to saving up for freedom… be it retirement, quitting an unhappy job, helping out a friend or relative, donating to a worthy charity, starting a family, buying a pet monkey :) , ANYTHING.

Once I’m debt free I will own my earnings and I will be free to do as I please. Thats a huge motivation for me. I will happily continue to embrace my frugal ways, but it will be by choice – never necessity!

I really enjoyed this post :)

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