sneaky_pete
Platinum Member
- Joined
- Aug 10, 2004
- Messages
- 676
- Tractor
- Kubota B7400HSD, G1800
Living debt-free is simple, but in my experience few these days are willing to do it. Live on less than you make, save up and pay cash for anything you want to buy (short of a house), and pay extra principal on your home mortgage and/or refinance to a shorter term when you can. Stay in the same house long enough to pay it down significantly if not pay it off. Buy stuff second hand when it makes sense. Repair what breaks, or do without instead of buying new.
I make WAY less money than my brother-in-law, but he is in debt up to his eyeballs, and just lost his big fancy expensive house. He and my sister just had to have a new bigger house every couple of years, brand new furniture all the time, brand new cars every year or two, top brand-name clothes for themselves and their children. Never had a budget or any idea where their money has gone, they just know that they never have enough no matter how much they make.
I make WAY less money than my brother-in-law, but he is in debt up to his eyeballs, and just lost his big fancy expensive house. He and my sister just had to have a new bigger house every couple of years, brand new furniture all the time, brand new cars every year or two, top brand-name clothes for themselves and their children. Never had a budget or any idea where their money has gone, they just know that they never have enough no matter how much they make.