Have you ever considered filing bankruptcy to resolve your financial crisis? I know I have, but was so very glad that someone who cared about me decided to speak up. Determining yourself to be financially incapable is nothing to take lightly, but it seems that these days, filing for bankruptcy is no different than having your teeth cleaned. I refer to filing for bankruptcy as the equivalent of taking the morning after pill to prevent unwanted pregnancy, and here’s why. The fact of the matter is that in both cases, someone wakes up one day and suddenly realizes “Hey, I […] Read more »
5 Simple Ways To Pay Down Your Credit Card Bills Faster – Entirely On Your Own
Hello everyone! As you know I am still on vacation, but wanted to still give you something to chew on for the week. Kris who writes for debt-tips.com, submitted this guest post, and although he and I disagree on debt consolidation, we both agree that becoming and staying debt free is a good thing. I also try not to flush people out just because I disagree with them on a few issues, as I feel that there is most of the time something of value to be heard. For the most part, I think Kris has given some good advice. […] Read more »
Debt Free News From A Debt Free Reader #2
Hello everyone! There has been a change of plan. Originally, I wanted to share with you how my wife and I were earning extra dollars and saving money, but that post is incomplete. I need a little more time to add everything we’ve done. I also got bogged down with site design the last few days. 😉 So today, I wanted to share with you an inspiring story of debt freedom! This story comes to you via one of my followers on Twitter. He recently became debt free, and I jumped on the opportunity to get him to share his […] Read more »
The Day I Killed My Credit Card
This article is dedicated to the blogger at Cash Only Living. She said she loved my site and invited me to check out one of her posts. I read it and liked it, but another article she wrote called “I Did It! No More Credit Cards!!” grabbed my attention even more. It inspired me to write something about how I felt when we paid off our last credit card. I decided to make it fun by turning it into a story. This has never been done here so I hope I don’t let you down. 😀 Read about when she […] Read more »
Are You Under The Influence Of Debt?
Debt: The Drug, The Dangers, and How To Turn Things Around I would say it is the drug of choice for 7 out of every 10 Americans. Does that make it dangerous? Absolutely! Should it be illegal? I wouldn’t go that far, as I believe in your freedom to conduct your life as you see fit, but what I would say is, that education is the easiest way to combat poor financial choices. I know I will catch some attitude from the “I pay my card off monthly” crowd, so I will add that moderation is key. Actually moderation for […] Read more »
Enjoy Frugal Entertainment Without Breaking The Bank
How Do YOU Define Entertainment? Quite frankly, all of us are different as far as what we value in life. Entertainment to me could bore you out of the room, but what if I had a plan—making my sacrifice very methodical and purposeful? You value what’s more important to you, and make decisions based on the assumption that you will get something out of those decisions—whether it be fun, security, or both. You have to sacrifice something—either in the beginning or later on in life. NOW or LATER? Instant gratification or financial security? Instant gratification now, comes at a cost […] Read more »
EOD Challenge: Need Motivation To Pay Off Debt?
Have you thought about what it would be like, and what it would mean for your family if you decided to aggressively pay off debt? If you haven’t, I think you should. As someone who has recently become debt free, I can testify to the many benefits that comes with taking the debt free plunge. I am back with another challenge for you to try. Recently I have been thinking of a way to help motivate all of you to become debt free. Doing so, got me thinking about what becoming debt free was like. Becoming debt free: is challenging […] Read more »
Debt Free News From A Debt Free Reader!
Hello everyone! I would like to introduce you to one of the readers here at Enemy of Debt. Her name is Kelsalynn and she has recently become debt free. She currently writes for kelsalynnfitlog, and she started out with $60,952 in debt with a minimum monthly payment total of $790. Now she is DEBT FREE and can feel the tremendous burden that has been lifted first hand. Her family has more options and her financial potential is remarkable. Kelsalynn used some of the questions from an article I wrote that was intended to be like a self interview. I asked […] Read more »
Debt Snowball – Staying Motivated While Paying Off Your Larger Debts
Are you finding yourself feeling frustrated or overwhelmed with paying down a large debt? As I have recently become debt free myself, I understand completely. Our last debt was approximately $9,000, and it took us what seemed like forever to eliminate it. During that time, we often felt we were making little progress, mainly because the “quick wins” motivational boost we had been receiving from paying off our earlier debts was no more. I can’t stress to you enough how important those “quick wins” were to us. I think I might have a solution to this problem that might give […] Read more »
Debt Free News: My Debt Free Journey
Not sure if interviewing yourself really counts as an interview. I thought it would be helpful to some to see what we struggled with and how we handled the task of becoming debt free. Furthermore, if you have any other questions for me feel free to ask them in the comment section. Happy Debt Free Friday! The Enemy of Debt Questionnaire – EOD Question 1: First of all how much debt have you paid off, and when did this journey begin? Are you completely 100% debt free, including the mortgage? We have paid off 26,076.75 and our journey began on […] Read more »
David Versus Goliath A.K.A. DEBT
This is a guest post by David from LifeExcursion.com. For those of you who want to read about multiple topics, check out his blogging schedule below. You can also subscribe to his feed here. Monday – Finance, Tuesday – Health, Wednesday – Minimalism, Thursday – Organization, Friday – Reviews (EOD review to come David?) 😀 The moral of his story is that you can kill the beast, you just have to DO IT! Enjoy! David Versus Goliath A.K.A. DEBT Like many of you, I have encountered the demon in the valley. It’s faceless, but we often can’t gain the courage […] Read more »
Happy Independence Day 2009!!
I hope everyone has a safe and festive Independence Day weekend! I also hope as you celebrate America’s birthday, you can think of it as more than just another extended holiday weekend. As a country who enjoys great freedoms, it is a very important day! Independence is defined as the state or quality of being independent; freedom from dependence; exemption from reliance on, or control by, others; self-subsistence or maintenance; direction of one’s own affairs without interference. For Your Country: Celebrate your independence and freedom, and honor those that sacrificed in order for you to have them. Freedom doesn’t come […] Read more »
An Inconvenient Myth: The Marketing Effect
This is a guest post by, well…we’ll just call him Mr. Joe for privacy reasons. Mr. Joe is a jack-of-all-trades, and writing happens to be one of the many. He’s been my mentor, and a very influential part of who I have become over the last 5 or so years. When he asked me if he could write a guest post for EOD, I was honored, and considered it a privilege. Perhaps after reading this you will want to see more from Mr. Joe, because it is indeed a wonderful piece. De-mythologizing the Language of Debt You can use […] Read more »
Are You Getting Bit By Snakes?
When You Ignore The Warnings, Getting Bit Shouldn’t Be A Surprise! On my way home tonight I heard on the radio some hissing from people getting upset because Credit Card companies have started to rattle their tails. It started near the end of last year when credit card companies started lowering consumers credit limits, to no doubt protect themselves from the possibility of continued economic decline. The following article excerpt sheds some light on the problem this is causing for people: “Texas-based flight attendant Lilli Durbin used to have six credit cards (my emphasis added), which is fairly typical for […] Read more »