Comments on: Envision a Future Without Debt http://outofyourrut.com/blog/2009/11/18/envision-a-future-without-debt/ Careers, Business Ideas, Money and More Fri, 10 Feb 2012 14:34:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Kevin M http://outofyourrut.com/blog/2009/11/18/envision-a-future-without-debt/#comment-3710 Kevin M Thu, 19 Nov 2009 12:40:00 +0000 http://outofyourrut.com/blog/?p=535#comment-3710 You're so right Jason. So much of debt is psychological. If we can refocus attention away from the things that debt will buy for us, and put it on the incredible advantages we'll gain from being debt free, we're probably more than half way there. It's the concept that in order to get rid of a bad habit, you first need to replace it with a good one. In this case, it a matter of replacing short term/feel good thinking with long term/feel even better thinking. That's why the post concludes with a list of what we'll have without debt. That needs to be the focus. You’re so right Jason. So much of debt is psychological. If we can refocus attention away from the things that debt will buy for us, and put it on the incredible advantages we’ll gain from being debt free, we’re probably more than half way there.

It’s the concept that in order to get rid of a bad habit, you first need to replace it with a good one. In this case, it a matter of replacing short term/feel good thinking with long term/feel even better thinking. That’s why the post concludes with a list of what we’ll have without debt. That needs to be the focus.

]]> By: Jason @ Redeeming Riches http://outofyourrut.com/blog/2009/11/18/envision-a-future-without-debt/#comment-3709 Jason @ Redeeming Riches Wed, 18 Nov 2009 16:13:58 +0000 http://outofyourrut.com/blog/?p=535#comment-3709 Your point about living debt-free and feeling like it's deprivation is right. Unfortunately, many of us feel that those things we buy with credit will lead to happiness, but once the initial warm-fuzzies wear off and we're stuck holding the credit card statement reality sets in and we quickly realize that it's not what we had hoped for. Your point about living debt-free and feeling like it’s deprivation is right. Unfortunately, many of us feel that those things we buy with credit will lead to happiness, but once the initial warm-fuzzies wear off and we’re stuck holding the credit card statement reality sets in and we quickly realize that it’s not what we had hoped for.

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