Live Like No One Else

Dave Ramsey is fond of suggesting that folks “Live like no one else, so that later you can live like no one else”. Generally, I suspect people take that to mean sacrificing to win now — making major cutbacks while getting out of debt — so that you’ll be able to live the good life later on.

After all, when you’re not in debt, you have a whole heck of a lot more money available. And you can do whatever you like with that money, instead of sending it to the credit card companies. You can feel good about your money. Continue reading

Posted in Get Out of Debt Inspiration on 05.03.12 | 14 Comments

You Don’t Have to Make a Lot of Money to Get Out of Debt

One of the biggest myths out there is that you need to make a lot of money in order to get out of debt. But that’s not true at all. You don’t have to make a lot of money to get out of debt. Continue reading

Posted in Debt Myths on 04.30.12 | 13 Comments

Are You Taking Advice From the Wrong People?

If you’re working on getting out of debt, don’t take advice from the wrong people. Who exactly are the wrong people? People who haven’t been there, and successfully done that.

You see, debt isn’t logical. Continue reading

Posted in How to Get Out of Debt on 04.26.12 | 12 Comments

Affordable Monthly Payments Are an Oxymoron

If you’re thinking of buying a new car or doing some home improvements (or any number of other things), the normal thing to do is sit down and look at your budget to see whether or not you can afford it.

And while budgeting is awesome — and a critical part of getting into good financial shape — your budget is not the place to look to see whether or not you can afford to buy something. Continue reading

Posted in Debt Myths on 04.23.12 | 8 Comments