http://www.mytwodollars.com/2010/09/27/get-out-of-debt-not-prison/ A place to discuss money...for the rest of us. Thu, 24 May 2012 23:41:30 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://www.mytwodollars.com/2010/09/27/get-out-of-debt-not-prison/#comment-37252 Matthew Denos Sat, 16 Oct 2010 11:20:09 +0000 http://www.mytwodollars.com/?p=2554#comment-37252 I can imagine the feeling you have now that you are debt free, because I am, too. Your advice gives hope to those who are still indebted and have believed that this is the end of the world. I agree with you that the harder you work (whether the goal is freedom from debt or, even better, financial freedom), the sooner you will be free. I can imagine the feeling you have now that you are debt free, because I am, too. Your advice gives hope to those who are still indebted and have believed that this is the end of the world. I agree with you that the harder you work (whether the goal is freedom from debt or, even better, financial freedom), the sooner you will be free.

]]> http://www.mytwodollars.com/2010/09/27/get-out-of-debt-not-prison/#comment-37197 Christine Clark Tue, 05 Oct 2010 16:20:42 +0000 http://www.mytwodollars.com/?p=2554#comment-37197 I feel so overwhelmed by debt right now and changing a career and returning to college... and I'm 58! I have two huge assets--I own two homes, even though they carry mortgages. Thank you for letting me know it's not the end of the world and that as I make efforts to climb out of this abyss, I will feel better. I appreciate the encouragement and the focus on the better, debt-free days to come. I feel so overwhelmed by debt right now and changing a career and returning to college… and I’m 58! I have two huge assets–I own two homes, even though they carry mortgages. Thank you for letting me know it’s not the end of the world and that as I make efforts to climb out of this abyss, I will feel better. I appreciate the encouragement and the focus on the better, debt-free days to come.

]]> http://www.mytwodollars.com/2010/09/27/get-out-of-debt-not-prison/#comment-37182 Cambridge Mort Sun, 03 Oct 2010 00:45:59 +0000 http://www.mytwodollars.com/?p=2554#comment-37182 Cutting back on spending gradually may help cope with the difficulty of getting out of debt. The debt free plan needs to be sustainable. Cutting back on spending gradually may help cope with the difficulty of getting out of debt. The debt free plan needs to be sustainable.

]]> http://www.mytwodollars.com/2010/09/27/get-out-of-debt-not-prison/#comment-37167 Erich Mon, 27 Sep 2010 18:21:06 +0000 http://www.mytwodollars.com/?p=2554#comment-37167 If I put together a great e-mail about dieting, I would be conflicted if it was accompanied by a link to a fast food company. We may have differing definitions of debt. I define it as being in a position where you owe somebody something. As soon as you use a credit card, you owe money to a credit card company. It is referred to as credit card debt. If somebody truly wished debt-free happiness and freedom for others, he/she would be conflicted by an advertisement that encouraged the borrowing of money. If I put together a great e-mail about dieting, I would be conflicted if it was accompanied by a link to a fast food company. We may have differing definitions of debt. I define it as being in a position where you owe somebody something. As soon as you use a credit card, you owe money to a credit card company. It is referred to as credit card debt. If somebody truly wished debt-free happiness and freedom for others, he/she would be conflicted by an advertisement that encouraged the borrowing of money.

]]> http://www.mytwodollars.com/2010/09/27/get-out-of-debt-not-prison/#comment-37166 David Mon, 27 Sep 2010 18:07:18 +0000 http://www.mytwodollars.com/?p=2554#comment-37166 The ad goes out on every post automatically. And just because you use credit cards doesnt mean you owe anything to anyone. I use credit all month long, yet I have no debt. The ad goes out on every post automatically. And just because you use credit cards doesnt mean you owe anything to anyone. I use credit all month long, yet I have no debt.

]]> http://www.mytwodollars.com/2010/09/27/get-out-of-debt-not-prison/#comment-37165 Erich Mon, 27 Sep 2010 18:06:02 +0000 http://www.mytwodollars.com/?p=2554#comment-37165 I can appreciate that. It's just that the substance of the message was that not owing anyone any money is a worthy and liberating goal. To then encourage readers, via advertisement, to owe someone money seemed ironic to me. After such a great post, I would be more inclined to pay for things with my debit card rather than be in debt to a credit card company, no matter how capable I am of paying balances off quickly and regularly. To open a credit card seems to miss the sentiment of the inspirational post. I can appreciate that. It’s just that the substance of the message was that not owing anyone any money is a worthy and liberating goal. To then encourage readers, via advertisement, to owe someone money seemed ironic to me. After such a great post, I would be more inclined to pay for things with my debit card rather than be in debt to a credit card company, no matter how capable I am of paying balances off quickly and regularly. To open a credit card seems to miss the sentiment of the inspirational post.

]]> http://www.mytwodollars.com/2010/09/27/get-out-of-debt-not-prison/#comment-37164 David Mon, 27 Sep 2010 17:58:33 +0000 http://www.mytwodollars.com/?p=2554#comment-37164 Credit cards are a tool that if used correctly are great. There is nothing inherently wrong with CC's - its how people use them that is bad. Credit cards are a tool that if used correctly are great. There is nothing inherently wrong with CC’s – its how people use them that is bad.

]]> http://www.mytwodollars.com/2010/09/27/get-out-of-debt-not-prison/#comment-37163 Erich Mon, 27 Sep 2010 17:57:19 +0000 http://www.mytwodollars.com/?p=2554#comment-37163 I enjoyed the e-mail version of this post that I received in my inbox, but I couldn't help but laugh when it concluded with a "Credit Card Offer of the Week." I'm sure this question has been asked before -- why?! I enjoyed the e-mail version of this post that I received in my inbox, but I couldn’t help but laugh when it concluded with a “Credit Card Offer of the Week.” I’m sure this question has been asked before — why?!

]]> http://www.mytwodollars.com/2010/09/27/get-out-of-debt-not-prison/#comment-37162 Briana @ GBR Mon, 27 Sep 2010 17:37:18 +0000 http://www.mytwodollars.com/?p=2554#comment-37162 I have about $4,000 worth of debt, and I used to think it was the end of the world, until I started reading that a lot of people have $10,000+. You're right; it takes dedication and time, but now I'm confident. I have about $4,000 worth of debt, and I used to think it was the end of the world, until I started reading that a lot of people have $10,000+. You’re right; it takes dedication and time, but now I’m confident.

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