Wednesday, May 19, 2010

Another one bites the dust

The Vandiver family has decided to go out of business. The DEBT business that is. After reading The Total Money Makeover by Dave Ramsey we decided that debt is dumb, cash is king, and the paid off home mortgage is going to take the place of the BMW as the status symbol of choice. We haven't been exactly gazelle intense but have taken many steps to rid ourselves of debt. We refinanced our house to a 15 year mortgage instead of a 30 and the interest rates were so low right now it is only 60$ more per month. We have paid off my car. Bought furniture with cash. Sold my 4 wheeler with a payment attached and bought a great used one with cash. We also just today paid off a personal loan we had taken out for $15,000 to consolidate debt that we both brought to our marriage. YAAAYYYY!!!! My Truck is next. We were also blessed to learn last week that $5000 of student loan debt had been forgiven. If you are reading this heed our advice do not ever take out student loan debt. It is BAD!! We hope to be completely debt free soon and call Dave on the radio and scream we're debt free!!! I am so proud of my family we are living like no one else so that later we can live like no one else. We are actually cooking at home quite often which apparently is really saying something for our generation. We have also quit trying to spend money frivilously. If I could just get my discretionary spending under control by not hanging out at pawn shops and gun and knife shows we would be even better. Julie and I have always dreamed of building our own home and we plan on breaking ground in the next three to four years if we can stay on track. Wish us LUCK!!!!

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