Begin With Why. Finish With What.

Why do you want to get out of debt? "Why?" is the most important question. Do you want to be more generous? Is there a beach that is calling your name? Maybe your debt is the only thing standing in the way of having a pet kangaroo. Maybe not. Maybe it's because you want to save for your kid's college education. Or maybe you just want to be free of the shackles of debt and its litany of misgivings. Without a clearly defined purpose (the "why?"), you are unlikely to achieve financial freedom. Ask … [Read more...]


  Being Debt Free is awesome.  Financial freedom does not, however, always make for a compelling story.  While I'm no social media expert, I don't think "5 ways to wait while you slowly stockpile cash" is gonna go viral.  Not salacious.  Not rebellious. Not filled with cat pictures. That's where we've been living though.  We've  scraped together a fully funded emergency fund of 3-6 months worth of expenses.  Woooo (The King doesn't woohoo).  Slow and steady.  Today, we took our next … [Read more...]

whoopin and whompin student loans

how do you eliminate the student loan sorceress? there is no magic formula to combat the evil student loan sorceress, one of the Dragon's most loyal and dangerous minions.  hers is a much darker magic than any potion you can concoct.  fear not.  her weakness is the same as the Dragon's.  for she cannot withstand an all out clubberin' over a long period of time.  while there is no quick fix, here are some thoughts to help you on your quest. PAY IT OFF AS SOON AS YOU CAN if you just uttered … [Read more...]

Debt Free 101 – #21 Stimulate

#21  Stimulate                                                       When I stand before God at the end of my life, I would hope that I would not have a single bit of talent left, and could say, I used everything  you gave me. Erma Bombeck. Put all politics aside for this moment. It's obvious you prefer a monarchy anyway. Your king is telling the story of how we paid off over $127,000.00 of debt in 4 years. This post is recollection as opposed to commentary.  Fact is we received a … [Read more...]

Debt Free 101 – #20 Adjust

#20 adjust withholdings                                    A wise man will hear and increase learning, And a man of understanding will attain wise counsel. Proverbs 1:5 (NKJV). Raise your right hand.  Repeat the following: "the King of Free is not a tax advisor. The following is not tax advice.  I will seek the services of a competent professional to advise me on tax matters and not a guy that uses the third person and lives in a fairy tale."  Thanks. You can adjust your withholdings. … [Read more...]

Debt Free 101 – #28 Just say no

#28 no. (The Nancy Reagan Paragraph) Just say no. No to convention. No to salespeople. No to consumerism. No to old habits. No to impatience. No to greed. No to being like everybody else. No to being a hamster in a wheel. No to living paycheck to paycheck. No to expensive invitations from your friends. No worked for us. No is a positive. No is powerful. No launched an epic battle against the Dragon. No slayed the Dragon. No will keep us out of bondage. No can get you out too. … [Read more...]

Debt Free 101 – #19 Give Away Your Car

#19  Give Away Your Car I do not believe one can settle how much we ought to give.  I am afraid the only safe rule is to give more than we can spare. C.S. Lewis. If you are trying to get out of debt, your car is going to explode.  The Emergency Fund (#3), handles the replacement, but what do you do with your lifeless carriage? When our original car (the Plymouth Breeze - sweet ride - photo is similarly sweet, but not ours) passed away it was like losing an old friend. An old friend … [Read more...]

Debt Free 101 – #27 Life Insurance Dumped

#27 life insurance dumped.                            The wise woman builds her house, but with her own hands the foolish one tears hers down. Proverbs 14:1. We cashed out a variable life insurance policy. Still a little mad at myself that we even had a variable life insurance policy. We used every dime of this $50,000.00 face value policy (read: we received a little over $400.00). We used part of the $50.00 per month premium to fund an $18 per month premium for term insurance and … [Read more...]

Debt Free 101 – #26 Garage Sale Fail

#26 Garage Sale Fail You can tell a lot about a person by what they sell at a garage sale.  We actually held a garage sale. I love garage sales. Probably not the best use of my time. Sure we were in hock to our eyeballs, but we really didn’t have that great of stuff. Our garage sale failed. Miserably.  We even had an ad in the local newspaper. It poured rain the day of our sale. I began to fashion an ark just in case. We barely made money back for the ad. I don’t wanna have a garage sale … [Read more...]

Debt Free 101 – #25 Gold Sold

#25 Gold Sold "The man with the gold rules." Mr. T. The King loves his bling. Not true. Just wanted to give you a comical mental image of me in a Mr. T starter set. We did not sell gold until later in our DSJ, but it did help defray costs one Christmas. Gold prices went outrageous and we cashed in on some old broken gold jewelry fortunately still in our possession. We’re not jewelry people.  If you're getting out of debt, any attachment to jewelry has to go.  If you're contemplating a jewelry … [Read more...]