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How would your life change if you were debt free? No credit cards, car or student loan to worry about. Not even a mortgage.
Today one couple shares their journey and advice to having a happy and debt free life!
Living Debt Free: More than Mindset
Living debt free can seem like an impossible dream depending on where you're starting from.
For some couples and families taking on debt seems to be just a normal thing you do.
I'm not just talking about buying a house and getting a mortgage. I'm talking about getting a lease or car loan. Getting an education is you go to college, chances are you took out loans.
And then for some just to make ends meet they feel like they have to rely on credit cards.
Just because this is common and going on with your neighbors and friends even with yourself does it mean that that's the path you have to go on.
But make no mistake when you decide to go debt free, it's not a simple thing. It's a process. It's a mind shift. It's really a significant change.
Mark and Milhila, the couple behind Money for Meaning, are here to share their journey and how they refocused their lives and are now live debt free.
They wrote a guest post early this year about how they live on cash.
Yep, they have no mortgage.
In this episode we get into:
- why they wanted to get into this debt-free lifestyle
- how to build wealth as a side effect
- how they figure where to spend and where to save
Hope you enjoy!
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Resources to Help You Get Out of Debt
Tired of being in debt? Here are some resources to help you dump it.
- Money for Meaning
- Attacking Debt: Which One First?
- The Great Debt Dump: Running Toward Financial Freedom with the Power of Community
- Which Debt Payoff Method Is Right for You?
- 5 Books to Motivate and Guide You to Become Debt Free Faster
- Best Strategies to Get Out of Debt
- Should You Use Peer to Peer Lending To Get Out of Debt?
- Knock Out Your Credit Card Debt
Jumpstart Your Marriage and Money Course
Want to give your marriage and bank account a boost? Pick up Jumpstart Your Marriage and Money course.
Jumpstart focuses on the big wins including earning more. Get LIFETIME access to a four-week course designed to help you:
- Stop fighting about money and create a budget that you BOTH LOVE
- Automate your money
- Pay off your debt faster
You can get lifetime access here!
This episode was originally released in April 2018. Show notes have been updated in November 2019.