Build A Bigger Life

BABL 010: Solocast-Paying Off Debt Explained

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Sinopse

BABL Ep 10 Solocast: Paying Off Debt Explained Nearly 15 years ago, I uncovered some nuggets of truth when it came to paying off debt and living (virtually) debt-free for the rest of my life. It took me about two years (25 months to be exact) to blast away all of my student loans, credit cards, car loans and consumer debt -- with the help of my most incredible wife. For the next decade, my wife and I lived a life that was perfectly suited for us. Great houses, paid off cars, quality time with our children, vacations when our lives demanded them… And in October of 2012, we undertook the next step -- to blast away the house debt. We buckled down, got super serious, had definiteness of purpose, and are just months away from retiring the largest debt most people ever take on. I’m fully aware of the fact that many people don’t agree with doing this, especially with money as “cheap” as it is right now. Yet here’s the angle for me -- it’s not about what’s smartest or investment savvy or tax-advantageous -- it’s abo