We don't like loans, period. I didn't listen to Dave Ramsey, to
Suzie Orman or to anyone, really. I listened to common sense.
Back in the day when I was younger like in my early twenties, I
started observing people, especially older people. That was
decades ago. I took note of various situations people were in and
how they likely arrived there. I decided I wanted what I wanted
and not necessarily what someone else wanted; therefore, I've been
somewhat an oddball. I don't think I ever had to step outside the
box, as I was never in it.
By age 28, I knew that when we retired we could not be in debt.
Our house is paid for; we built it ourselves mostly out of our
pocket, so shortly after we finished it, it was paid in full. All
of our vehicles are paid for, we have no credit cards, and if we
don't have cash to purchase it then we know we don't need it.
We've never tried to keep up with the Joneses. We do the work
around our house. We also garden, can and freeze. We cook at home
most of the time. We never go to the beauty salon or barbershop;
we keep that money in the family. I do my own nails and our
pedicures.
We live off my husband's retirement and social security and we
save mine. Actually, we don't want for anything. We are very low
maintenance and we like it that way. As a matter of fact, we like
each other, so we enjoy our days together being retired. We
finally have time to spend with each other in peace and stress
free. We turn our phones off and we keep our gate closed. Ahh, so
peaceful.
We did ours off a maid's salary and a factory worker's salary.
Later, I got a GED and became a teacher for a few years, long
enough to receive a small amount of retirement funds.
On 1/31/16, kd/tx wrote:
>
> I don't trust debt consolidation loans.
> I agree with Cal-Kid.
>
> If you don't listen to Dave Ramsey, google him and then start
> listening. He has great advice. It works. My husband and I
> have been following him for years and we are debt free except
> for our house and one car. We were able to retire earlier than
> most people and I have my house on the lake I always wanted. And
> we didn't choose an expensive house. We got one that fit in our
> budget and fixed it up.
>
> Two of my kids went through college without having to get a loan
> and the third is in college and may have to get loans only
> because he is looking to transfer to a private school. (Ramsey
> doesn't recommend private schools, but my son is adamant so he
> will have to pay for it himself.) And we did this on a teacher
> and cop's salary.
>
> Dave Ramsey's ideas really work.
>
>
> n 1/28/16, Cal-Kid wrote:
>> On 1/28/16, Bill T nc (retired) wrote:
>>> I have been talking with them about doing a debt
>> consolidatio
>>> n loan
>>
>> No I do not. I would look for hidden fees and costs with
>> funny names. In other words I would have red flags up.
>>
>> I would make a chart, do a time line, and pay down the most
>> expensive loan/interest rate you have. Then work on the
>> others.
>>
>> Do you have a credit union you could trust?
>> Cut up all the credit cards except one and pay it off. You
>> need one card just for a million reasons.
>>
>>
>> Good luck to you.
>>
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