Living Debt Free - how do they do it?

Do you often wonder how others can be living debt free? I used to, but I don't any more because I'm one of them. It's not impossible, but it takes focus and a commitment to frugal living.

If you’re in need of help with your debt, you’ll likely need help with your approach to living as well. Remember that debt doesn’t sneak up on us and capture us one day. It slowly creeps into our lives because we allow it to happen.

Quite often our lifestyle has encouraged it and condoned it.

In the worst cases, we have promoted it. Any way you look at it, we are largely to blame. There are exceptions, but they are rare.

Getting ourselves out of debt would appear to be the first and foremost concern. It is, but it can’t be our only focus. We also have to change our mindset to one of frugal living. If we can make this change in the course of our life, we won’t get back into trouble with debt, and that will lead us to living debt free.

We need a change in lifestyle so our debt solutions will be effective and ever lasting, and debt will no longer be a recurring threat.

I’m talking about making a commitment to a frugal lifestyle where you live with a clear understanding of the value of money, and you make your hard earned income provide a comfortable and secure life.

I’m talking about having the mental toughness required to change the course of your life to provide you with financial peace of mind. If you’re not willing to make changes, then expect debt to creep back into your life and rob you of the financial freedom that you deserve.

Make no mistake, debt is a form of enslavement, and there are plenty of people whose aim is to get you financially enslaved to them. That's the whole idea being many of these credit card offerings.

It seems only fair with all the individuals out there looking to financially enslave you that you would do everything in your power to stay out of the snare. The days of indentured servants, share croppers and slaves are long gone. There is no sense bringing them back again on such a personal level.

In order to change your lifestyle and begin your journey towards living debt free, you’ll need to start associating with people who:

  • understand the value of money
  • know the rules of "the money game" and play it well
  • are satisfied with meeting their needs
  • know how to plan for and achieve what they want
  • have attained financial freedom and are debt free.
To the extent that your association with financially successful individuals allows the “shine” of others to rub off, you’ll be pointed in a better direction. You’ll soon learn better skills to keep you on track to financial freedom and peace of mind.

It’s more than simply doing something different; it’s changing your mindset to one of frugality that supports better planning and financial decision-making that’s in your best interest.

I know that I deserve to be living debt free, and I think you do to.

Done with Living Debt Free, back to Basic Financial Planning

There certainly is a broad scope of topics here at Frugal Living Freedom. When you think about it, money permeates so very many activities in our lives, therefore, being frugal encompasses a wide range of interests, from being employed to taking a vacation, and just about everything in between. Enjoy the variety, pick up some new ideas, and start making frugality a part of your signature.

I'm a big proponent of being debt-free, and I mean entirely debt-free - no mortgage payment. It's not essential for financial freedom, but you'll love the feeling once you get there. If you didn't have a rent or mortgage payment, how much more could you do for yourself with your current level of income? I suspect plenty.

If you ever hope to see an abundance of wealth, you need to plug the hole in your boat. The wealthy don't necessarily make lots of money, instead, they know how to hang onto what they make, and make it work for them.