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How to Live Without Debt
It is possible for you to go your entire life without ever paying interest again! You can live without debt and be debt free forever if you simply use your willpower and take charge of yourself and your life right now! Often living without debt takes a few years of sacrifice, but once your sacrifice is over, you will financially flourish. Often this is a simple matter of adjusting your lifestyle from excess spending to saving money. 2. Use any money that you have in your savings to buy a highly fuel efficient vehicle with cash. Often this means that you will have to get a used vehicle. Use a good used vehicle checklist and make sure that the vehicle is in good mechanical shape. I highly suggest getting a Japanese made small vehicle with a 4 cylinder engine. You will save astronomically on fuel costs. Get out of any cars that currently have payments. 3. Sell your home or move out of your apartment. This is the hardest step for many people. Move into something that you can afford very easily off a fraction of your money. Often this is a used mobile home on some acreage or something of that nature. Psychologically this is very difficult for many people, but the idea is that you can either immediately pay it off, or pay it off within a couple of years so that you can instantly start saving for a home. The idea is to save enough money to buy a more suitable home with cash rather than giving years of your hard work to the bank in interest. Who wants to live forever without debt or interest? This is often hard because you will have to be able to lose materialism & standard of living for a long time. 4. Make your new "temporary home" very energy efficient. Use only energy star appliances, and heat/cool only certain rooms in your home. Use water on demand to heat your water. This will save you a lot of money on your electric bill and will help you live without debt forever. 5. Save money! Do not buy worthless junk, clothes in fashion or anything like that. Be sure to concentrate your money on appliances that are of good quality (Such as a high spin sanitary washing machine) and good low power using refrigerator. Do not spend your money on unhealthy fast food or diners. Be very disciplined in the way that you spend! 6. Build a large amount of savings. You should now virtually have no payments or very few payments. Save money as much as you possibly can for a future home. Don't worry about investing an incredible amount of money in your current property. This property is only supposed to be used to get you by for a few years. This is very important to live without debt forever. 7. When you have a large amount of savings massed up, then go house shopping. Be sure to avoid all temptations to ever get into any type of debt. Find a reasonably priced house that you can pay cash with. For every purchase from this point on, be sure it is "cash on the barrel" and you will live without debt forever. Again, this takes discipline, because when you look at how much you have saved, the banks will throw temptation at you to put "a large amount down" on a fancier house. Avoid this, buy from what you have saved. 8. After you purchase your new and more affordable home with cash be sure that you always pay cash for everything and never get in debt. Living forever without debt can be really easy once you get over the initial hurdle of temptation by the banks and allow yourself to lower your living standards. I've seen people live in a cheap RV for several years and then purchase a 4000 square foot home with cash. Many people pay 30 years and 3-4 times the amount for a home like that. This guy did it in 4.5 years because he was willing to sacrifice. When you live without debt forever you will feel rewarded in many things that you do in your life, and will be thankful that you made the original sacrifice that you had.
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