Enemy of Debt: Where Behavior Meets Reality
Motivational Money Management
The Enemy of Debt Questionnaire – Congratulations Amy! How much debt did you have and how long did it take you to pay it off? I took a 401(k) loan in 1997 of $8,000 for a down payment on my condo. My mortgage was $34,800 for 15 years. I paid off the mortgage in 2005. I paid off the 401(k) loan in 2001. I bought a new SUV in 2006; did a dumb thing by trading it on a new model in 2008; the car loan was paid off in 2010 (it started out about $25,000.00 – stupid, I know [...] Read more »
Guess what folks! Debt Free Friday is back and today I want to congratulate Jenny from Ex-Consumer, and her husband for becoming debt free! Woo-hoo! That is awesome news for sure. For all of you debt free enthusiast out there, I hope you take the time to read this story of hope and freedom. Be inspired by Jenny and all those who came before her! You’re NEXT! Make your plan to become debt free and get down to business! We’ll all be rooting for you here at Enemy of Debt so be sure to drop by for motivation and some [...] Read more »
Do you miss reading stories about regular everyday people becoming debt free? I do, which is why I want to try and get that series up and running again. I haven’t had a Debt Free News submission in quite some time, but I find it hard to believe that it’s because no one else has become debt free. Are you debt free? Share your story by answering a few short questions about your debt free journey so your experience may inspire someone else to start their own. The good news is you don’t have to wait for another submission to [...] Read more »
Happy DEBT FREE FRIDAY everyone!! Christmas is almost here. Are you ready? Will your Christmas be a Debt Free Christmas in 2010? I know someone who will be having a debt free Christmas this year. Dave, the author of I Heart Money. He has a book about how to change your relationship with money so that you can pay off your debt and build assets! Regardless of how it sounds, if you are still in debt you can have a debt free Christmas. That’s right and it’s real simple too. Buy Christmas with money you have! If you use credit [...] Read more »
If you act responsibly and understand that it's up to you to secure your own future, you can have the fun you want without all the stress that comes with running up debt to do so! I recently met some folks who were down on their luck, but it wasn't their luck that was keeping them down, it was their attitude about their situation that was doing the most damage. They seemed to have given up and were ready to accept that life would always be this way for them. NOT TRUE! Don't believe that for one second if you find yourself in similar circumstances. Read more »
Welcome to another Debt Free Friday! I absolutely love doing this series! I hope it inspires you or someone you know to eliminate some debt. Today’s debt free story comes from a friend of mine, and one of the very first Canadian blogs I ever started reading. He has excellent advice that apply to Canadians but also great personal finance advice in general. We may disagree on the issue of “good debt vs bad debt”, but that’s small potatoes if you ask me. “Tom Drake is the owner and head writer of Canadian Finance Blog. Tom has paid off all [...] Read more »
Happy Friday everyone! Right now I am enjoying myself on a fishing trip with my father-in-law, so I hope I catch some yummy fish! Have a great weekend, but before you do, I hope you enjoy this wonderful and inspiring debt free story. I love these kinds of stories!! I checked out Our Debt Free Path and knew immediately that these were my kind of folks. They are passionate, and best of all, they too, are doing the Total Money Makeover! Whether you like Dave Ramsey or not, you have to admit the guy has an awesome game plan for [...] Read more »
Happy Friday! Sorry for the delayed post but last night was spent celebrating Noah’s first birthday. We went on an intense hike on the Blue Ridge Parkway here in Virginia, and I was pretty beat last night. It was a fun day though and definitely worth it! Now let’s get to business. Becoming debt free is no less fun! Our next submission comes from someone I have known since taking on my own debt free journey. We have kept in contact over the years and now he is finally debt free himself! Congratulations Chuck! It was a long hard fight [...] Read more »
Welcome to Another Debt Free Friday Baby! This next debt free blogger is an inspiration, and quite frankly, I like her style. She is something that doesn’t seem to go together these days; young and financially savvy. Something else that I find interesting is how she embraced minimalism to combat her prior spending habits. My wife and I have felt the liberating feeling that comes with getting rid of our crap, and recently made great money doing it. I am definitely a believer that less is actually better! The other thing I like about FB is her nomadic side. I [...] Read more »
Hey everyone! Welcome to another Debt Free Friday! I was recently inspired to ask another passionate debt free blogger to share his story on Enemy of Debt for all of you to enjoy. His comment was filled with passion, which you know I love, so I had to send him an invite. I know you will be as inspired by his debt free news as I was by all of his recent comments. Have a wonderful DEBT FREE weekend! Check out Steven Williams’ awesome debt free story. I think there’s a “bondage-free” revolution happening right now, won’t you join us? [...] Read more »
“Thank God it’s Debt Free Friday!” That sounds a lot better than the popular “I hate my job, and the weekend is the only time I can enjoy life” counter part. Maybe if you were inspired to join the debt free soldiers, you would have a little more wiggle room to figure something else out. Congratulations, you’re in luck. That’s precisely why I created this series. I wanted to show you that everyday people, JUST LIKE YOU, have decided to kick debt to the curb to eventually realize debt freedom IS everything us weirdos say it is. It is true [...] Read more »
Well, it’s been a while since my last Debt Free News article, so I thought today was as good a Friday as any! This happens to be the last of the submissions, so I hope if you are debt free, you’ll be sure to head on over, after reading this post, to fill out the Debt Free Questionnaire. Your story could inspire many, so if you have become debt free, then you probably know how your life has changed ever since, so please feel free to share it. This Debt Free News edition shares a debt free story from someone [...] Read more »
Time again for another Debt Free Friday! This one comes from a friend of mine that I met on the FPU forums, and we’ve been friends ever since. In fact, she started out as one of my accountability buddies. We kept each other motivated throughout our debt free journeys. Golda has been an awesome friend to me during this time! Are you working on becoming debt free? Ever feel unmotivated to continue what you know you should in order to get your finances in order? Perhaps finding someone with the same goals and values as you would be beneficial. It [...] Read more »
Happy Friday!! I am excited to share with you today another debt free story coming from The Lone Star State. That’s right, Austin Texas! I really enjoyed this debt free interview from Deacon Bradley of Bradley Coaching. (Excellent resource!) I am pretty sure that Deacon Bradley and I share the exact same passion for giving as we complete our Total Money Makeover. Having money is nice, building wealth is nice, and even doing some fun stuff along the way is definitely a must, but for me, giving tops the list of reasons to become debt free. Helping others overcome adversity [...] Read more »
Hello and welcome to Enemy of Debt! I founded EOD in April of 2008 in an effort to motivate and inspire financial discipline by focusing on behavior and truth. By teaching personal responsibility, debt free principles, and the importance of planning people can learn how to take control of their finances one step at a time. I want to help! :)
My journey to debt freedom and financial independence began in January of 2008. We became sick and tired of living paycheck to paycheck and were finally mad enough to take action. At that time, we did not have any savings, knew very little about budgeting and were buried under $26,076.75 of debt.
In the first two months we were able to throw together our very first emergency fund ever of $2,000. It took us only 18 more months to eliminate the retched debt from our lives and I can proudly say we never plan to borrow another dime ever again, for any reason.Read more
