A big part of my strategy for many years ago was to own my own vehicles outright. I see debt as slavery. Payment slavery.
I was able to do that many years ago and never looked back. To this day, my vehicles are older, super maintained by myself, and owned clear and free.
Own a 2003 Cadillac Deville. 75,000 miles. Bought it for $3,500. 5 years ago.
Three cars. 2002, 2006, 2008. All paid off many years ago.
“A big part of my strategy for many years ago was to own my own vehicles outright. I see debt as slavery. Payment slavery.
I was able to do that many years ago and never looked back. To this day, my vehicles are older, super maintained by myself, and owned clear and free.”
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In comparison to you we are newbies to being debt free, our home has been paid off for 5 years, no CC or other personal debt, our commuter car is a 2012 Ford Escape paid off 7 years now and my truck, a 2020 Tacoma, is as of December paid off. So no debt and will not have any debt if we cannot afford it will do without.
We spent a good chunk of our adult lives thinking it is impossible to be debt free but changed on that during to boom years and went ballistic on our debt, best decision ever.
two words: dave ramsey