This can actually be a very controversial topic. And we’ve talked to people who firmly believe that you should get to paying off your mortgage and living mortgage-free as soon as possible, and we’ve also talked to people who firmly believe the exact opposite!
The first thing we had to do, once I added up all the debt, once I had my UGH-Sick-and-Tired Moment, we had to get real with our spending. So, I needed to see where exactly all this money had gone. We don’t live in the lap of luxury. Yeah, we have a flat screen television. The couch behind me? Bought that secondhand. Fancy car in the driveway? Nah, at the time we were driving an ’07 Honda Odyssey minivan. We really didn’t have anything to show for the almost-$60,000 in debt that we in fact had.
Money is easy to spend and hard to save. But there are a few things you could do to make it a little bit easier to save money.
Stick to it, stick to it like glue! Stick to it like a spider on the wall! You really have to make it a priority in your life, and make it something that your life is now about.
Paying off debt and building wealth doesn’t have to be an either-or decision. You can do both at the same time. You will likely …