My husband and I have been completely debt-free for about two years now. (Yes, that includes our house.)
While we were getting out of debt, I used to sit and imagine what things would be like once we were done. But I couldn’t have imagined what it’s really like.
I wanted to get out of debt for one simple reason: freedom. I didn’t want to owe anything, to anyone, anywhere. Ever again.
If we did that, we would be free to do the things we love. We’d be free from financial stress.
Since I had already been working on bringing in passive income, by paying off our debt we wouldn’t have to worry about how we’d pay the bills if we lost our jobs. We could live on very little money if need be, and to me that’s a great thing.
And all that is true. But it’s not the best part of being debt-free.
The best part
The best part is what that freedom really means. It doesn’t just mean doing things you love, or not stressing out over money.
Freedom means choices.
It means being free to do what’s best for you — doing things because you choose to do them, not because you have to do them, or because they’re the only thing you’re allowed to do.
It’s going to work because you like the people and what you’re doing, not because you need the money. It’s feeling free to speak up without fear of financial repercussions when you’re assigned to do something you’d hate. It’s being able to pay for additional treatments when you become ill. It’s not having to rush decisions because you need the money. It’s being able to give.
I want that for you. I want that for everyone.
You can make it happen
So know this: If you want it too, you can make it happen. You can be debt-free. You can arrange your financial life the way you want it to be.
Stick with it, and it will be worth every step of the way.