Most people know what it feels like to live with debt, but for many of us the last time we didn’t have mortgages, credit card balances, and student loans, we were too young to own much more than a bicycle and a pack of gum. As an adult do you know what life would look like without debt? Is that even something you consider as a possibility in your life?
I’ll get to it quick- life without debt is amazing! The best news? You can experience it too!
What Life Looks Like After Becoming Debt-Free…
You Get to Relax
Since you’re debt-free, you don’t need to worry about collection agencies calling you at all hours of the day and night. You don’t even have to feel that clenching anxiety as you open your credit card statement. Instead, you get to relax knowing that you don’t owe anyone anything.
You Get to Keep More of Your Money
Having debt means paying interest. Unfortunately, that means you get to use less of the money that you earn. When you live debt-free, you don’t have to give your money to banks and credit card companies. Suddenly, your salary is worth a lot more. You can start saving for fun vacations, new cars, and other items that you never thought you could afford. Without debt you need a lot less money to live on.
What’s Yours is Yours
When you buy things on credit, you don’t really own those things. Think of all the people who have lost their homes in recent years because they couldn’t keep up with mortgage payments. The families never owned the homes. The banks did. When you live debt-free, though, your things are really yours.
How many times have you made a decision to do, or not do something based on the debts you have? When you’re debt-free you can be autonomous. You can live an independent life- one that reflects what’s really important to you!
When we imagine life without debt it always seems happier and more carefree, and there’s a reason why, because it’s true! When you don’t have the weight of debt hanging over you you get to breathe easier and dream a little.
You Get to say, “I’m Debt-Free!”
You set a goal, you accomplished it, and you get to be proud of that!
For many people, living debt-free sounds like an unreachable fantasy (it did for me). However, with the right approach, committment, and a willingness to stick with the getting-out-of-debt process even when things gets tough you will be able to eliminate debt to live freely!
What will life look like for you when you are debt-free?
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P.S. Ready to get out of debt ASAP? Check out the Spending Fast Bootcamp!