Bovine Currency says
Yes! There are so many ways to live debt free. Really depends how much debt you have as to what path you take.
Denno66 says
My wife and I make a modest amount of money, but also have no debt either. Pay with it for cash, or if you can't afford it, go without. It's that simple.
J. McCoy says
Our family doesn't use debt, either. It does take some getting used to. I've written a short hub about the difference it makes over the course your life. But, If you give me a couple weeks, I'll publish one that directly answers how you can live without a credit score, credit cards, or car loans.
dburkeaz says
Yes, my wife and I have been debt free for 5-years now. With a little sacrificing it can be done. We are not participating in this recession because of being debt free!!!!!
Sandra Simmons says
Absolutely. I've been living debt free for a long time and I help my clients achieve that status every day. Bottom line you have to make as much money as possible, spend less than you make, and set aside money for the things you want until you have the cash to pay for them. You cannot borrow your way to wealth. You can only create wealth by earning money and not spending it all. The part you don't spend is the most important because that can buy you your financial freedom.
dabeaner says
There is no mystery. As long as you make a goodly amount of money and have no major medical bills, you can live debt-free. All the "financial gurus" tell you to live within your means. Easier said than done for most peons as we move towards third-world status. Assuming a decent income, be prudent in your expenses. But remember, you can't reduce your expenses to zero (unless dead). So, bottom line, a decent income is required.
You can vote each answer up or down to show your support or disapproval. You cannot flag an answer, but if an answer receives enough down votes compared to up votes, then it will become hidden.
