What being debt free means to me?

debt free

From time to time I visit a website called Money Saving Expert. I used to spend loads of time on it; in fact I used to write a popular diary on the forum there – check it out if you want to; I am the Firewalker (don’t ask).

Today, I went on this site and on the front forum page was a thread about life after debt. This, and of course the Altucher daily practice of listing stuff, made me think about what being debt free means to me.

Being debt free means that I can:

  1. Go to the florist and buy flowers.
  2. Book tickets to the theatre/concert without thinking that maybe it would have been better to throw the money on the debt.
  3. Take my PhD students for coffee and pay for it – after all, I still remember how broke I was.
  4. Stop worrying about my son going hungry. It was never a real danger but what we worry about and what is real are very different things.
  5. Stop having nightmares about living in a novel by Dickens; particularly not Little Dorit.
  6. Live my future rather than only dream about it.
  7. Give to charity; and I can gift aid the donations so the government matches them.
  8. Have a choice whether to spend or not; not spending feels so much better.
  9. Buy books, and read them, without guilt and regret.
  10. Go to bed and fall asleep without medication.
  11. Wake up without butterflies of tension in my belly.

There are probably more things I could come up with but these seem the most important to me.

Now, let me tell you about the wonderful week I had!

Last Monday, PT Money published my guest post on investing and women. I just shouted my conviction that INVESTING WOMEN ROCK and that more women should start investing. There are good reasons why we are good at it and if we manage to overcome our hesitation, dream up a worthy dream and educate ourselves we can make a killing. I have not decided yet but it seems to me that The Money Principle may have a role to play in all that.

Then on Wednesday, Jean Chatzky Blog published a guest post of mine stating the working hard is for losers; anyone who wants to get ahead should start working really smart. How? By moving away from selling time and building, and selling, reputation. If you are curious just go and check it out: it is one of my better blogs.

The Money Principle was also included in these carnivals of personal finance:

Yakezie Carnival at The Money Principle
Carn. of Fin. Camaraderie at ConsumerFu
Aspiring Blogger Fin. Carnival at Aspiring Blogger
Carnival of Retirement at FI Journey
Carn of MoneyPros at On Better Terms

Altogether a great week.

How was your week?

12 thoughts on “What being debt free means to me?”

  1. Although I am not completely debt free, I feel very comfortable with my financial future in retirement. More importantly, I can do almost anything I want, but choose not to. Maybe that is the best part, hving choices!

    • @Krant: Quite! Having choice is a big one for me. I wish I were able to choose to put more in the ‘overflow’ account for investing at the moment but it will all work out fine :).

    • @Daisy: Yep, I know it sound funny. When John told me how much consumer debt we have this was the image that came to my head: the debtors’ prison in Dickens’s England. My nighmares were always back then. Now, I have this nighmares about going on a cruise – John would love to and I can’t abide boats; even large, luxury ones.

  2. Being debt free would mean peace of mind for me and the joy of being in control of my finances again. It’s been so long. But have been following one great blog which is really helping and found The Money Principle via that. I also dip in and out of MSE. I am now late 50’s and so regret not having had all this good advice when much younger. But my family will benefit as they are now following the blogs and committing to future financial planning. So very grateful for that.

    • @Pandora: Don’t regret things, my friend. Sometimes I am tempted to look back with regret. I tell John that if we got awakened financially 10-15 years ago, we will be ready to retire (or at least have choice) and will be wealthy, able to do some much good. It is true – we could have done all this back then. But it wasn’t meant to happen like that – now and tomorrow is what matters.

  3. It would mean waking up and not starting my day already in the hole countless dollars … not as visceral as the everyday examples above, but as a small scale internet entrepreneur, I’ve begun thinking in terms of dollars per day as far as income is concerned.

    To take a day off and not be too concerned about falling behind would be AWESOME!

    • @Tom: I looked at your site – looking good. I know what you mean and I am certain that you’ll get there. Have you read anything by James Altucher? Just this morning I was reading an essay of his where he says that we see working for ourselves as freedom; in fact it is slavery. But it is still so liberating :).


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