The Working Dead

Lately I’ve been thinking about the different strategies there are to getting out of debt. When it comes to our family, we had two viable options: Cut a lot of additional expenses and slowly cruise to debt freedom. Keep expenses at a stable level, but add an additional income stream to accelerate The Cause. I…

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How much should I cut while getting out of debt?

Recently a reader wrote me to ask my thoughts on how deep one should cut when getting out of debt. I’d love to hear your thoughts on charitable contributions and media services (Netflix, Hulu, Spotify, etc) while paying off debt. It’s a constant debate in our household. While these are easy-to-cut costs, they are also…

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‘The Year Of No’ monthly report: February

The theme for February was full steam ahead. It’s tax season, and even though we no longer own a house that we can deduct interest from, having three kids and student loan debt interest is still a tax saver. I have tried cutting the money I get back from the government each year by raising…

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The real secret to getting out of debt

After years of searching, I have finally discovered the real secret to getting out of debt. It certainly hasn’t come easily, and it’s been a long, long road. It feels like forever since I started educating myself about personal finance, and then attempting to apply sound principles to my life. I have read much on…

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Halfway done

Today, we reached the halfway point since starting this on Sept. 11, 2016. I’ve been keeping tabs in a spreadsheet (the best I can, some of the data isn’t perfect), and the results are below. Now it feels like we’re really gaining momentum. Time to dig in.

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Having a big ‘why’

When it comes to big goals, I think it is important to have a really big “why.” Why are we doing this? What drives us? Why persist? What is keeping us motivated? For me, that answer wrapped up a lot in my three children. I am playing a long game here. It’s my job as…

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The waiting is the hardest part

The waiting is the hardest part. – Tom Petty There’s a secret I want to tell you about getting out of debt with intensity: it’s boring. For me, that can be a stressful. My day is usually filled with lots of chaos, but in a good way. My job is fast-paced, and my mind is…

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What does life after debt look like?

A friend of mine recently challenged to think toward the future. He asked, “What do you envision for your life or your finances after paying off debt?” That was an excellent question. It’s like asking, “What do your dreams look like?” After debt, what likely comes first is a trip to Disney World. We are…

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‘The Year Of No’ monthly report: January

We are making good progress. It makes sense to me that if I’m going to continue to record the emotional progress of our debt snowball, that I should also record some numbers as well. I don’t have real solid data from long ago, but as evidenced in the audio recording from 2005 in my last…

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The ghost of debt past

Come with me on a journey back in time. In August 2005, I called into “The Dave Ramsey Show.” I was the last caller of the hour. I was 30 years old, Amy and I had been married for just over two years, we were renting, had two incomes, and no kids. We had almost…

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