Wednesday, July 30, 2008

On my way...

I just learned that a friend of mine paid off his house using David Ramsey's method, outlined in his book, "Total Money Makeover." I'm excited for him, and it has renewed my commitment to being debt free.

Over the past couple of years, my wife and I have paid off almost all of our credit cards (we only owe $200 on one). We have one personal loan and a colossal ton of student loans. Even so, we have not used a credit card in well over a year, so whatever we are doing now is strictly cash (0r debit card). I've been selling a lots of stuff on Craigslist to pay down bills, and have started looking for another job to occupy my time off.

As I heard my friend tell me this yesterday, it occurred to me--he's debt free. High gas prices will not affect him as much as they affect me. Heck, high anything won't really affect him. He has several months of expenses saved up, his entire paycheck is there to cover utilities, groceries, etc...

So, I am motivated.

Gazelle intensity.

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