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| Debt Disaster Relief E-Book |
| The Debt-Free Life |
| Living debt free gives you a real sense of self-sufficiency and empowerment. Making your money work for you means you can just sit back and watch your money grow! Working at a job will no longer be your only source of income. Or if you are in business for yourself, making your money work for you just compounds everything that much more.
Living debt-free means you could have the option of working less. Especially, if you have set yourself up with a lower cost of living. Remember, a lower cost of living does not mean a life of poverty or a life of necessarily doing without. It simply means living the life of your choosing. If you desire to have more free time and to work less hours, just think about the things in your life that you spend money on but don�t always get the full value back out of. For instance, if you lead a life on the go, could you do without cable or the satellite dish? How much would that save you per month? A better way to look at ways to save money is to think about how much things cost per year and then how much that would be over five years, and over ten years. If you pay $65 a month for cable, you would save almost $800 a year! That would be $4,000 over five years and $8,000 over ten years! If you took this money and instead invested it you would have $4,593.81 in five years and $10,946.21 in ten years at 6.5%. If invested at a lower rate of 2.5% you would have $4,149.64 in five years and $8,851.78 in ten years. How much do you bring home per month from your job or business? Just think if you made $800 a month, you could work 11 instead of 12 months out of the year and everything would still balance out. All if you just watched regular TV instead! What if you are in business for yourself? How much do you have to sell to make $800 clear profit? Or how many jobs do you have to work? Cutting out a few things could really put a lot of money in your pocket! Another way to lower your cost of living is to look at property just outside of town. There is an abundance of really nice houses in small town America. Could you believe you can buy a really nice house for $30,000 or $40,000? What if I said you could have your choice of many houses for $20,000? You could own the whole entire house! No mortgage payment, no costly mortgage insurance! There is a really nice house in our area for $12,000 currently. That is list price, so chances are you could get it for less. Looking at other places to live might surprise you. The cheapest house I have seen for sale was for $6,500. Again, that is list price. Most all of these houses have more land than you would find on a suburban lot and most come with there own well, some there own septic. These are nice houses. Or if you are looking to purchase a house, don�t discount fixer uppers. You can make a lot of money on these houses, and many just need new paint, maybe some new carpet. Live the life that you choose and being debt-free gives you many, many more options. It could mean saving more money for the future or maybe working less. Whatever the life you choose, remember you are in the driver�s seat and there are always options. For related articles see� Who says you can�t retire at 40? Cleaning out my closet made me over $1000 |