Comments on: Five Words That Sum Up Our Debt Payoff Success

By: Self-improvement Advice

Self-improvement Advice — Thu, 10 Apr 2008 03:49:10 +0000

Before I’m a spender and I don’t care if I spent more than my monthly salary until I noticed that I’m only fooling myself doing this extravagance. Lots of money I wasted that time but now realize that spending too much won’t bring any good to me.
Right now I learned to save.

-Jan

By: Dan

Dan — Wed, 20 Feb 2008 23:24:27 +0000

Late to the party, but this is my favorite quote:

“Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.”

http://www.quotationspage.com/quote/2025.html

By: The 123rd Carnival of Personal Finance (The Boo! editinon) | The Dough Roller

Sat, 10 Nov 2007 15:27:15 +0000

[...] Five Words That Sum Up Our Debt Payoff Success (@ Blogging Away Debt): “We’ve been able to pay off a substantial amount of our debt with limited resources. The key to that success boils down to five words.” [...]

By: FIRE Finance

FIRE Finance — Mon, 29 Oct 2007 01:33:19 +0000

Sunday Review #43 – Debt PayOff, Free Money, Onshore Jobs!…

It is slowly getting cold as we are on the threshold of stepping into November. Time to welcome winter. Now if feels cozy to snuggle up with a warm cup of organic tea and read the carnivals on our laptops in a relaxed mood. Here are our favorites from …

By: Fun at the Carnivals This Week » Blogging Away Debt

Fun at the Carnivals This Week » Blogging Away Debt — Sat, 27 Oct 2007 13:09:20 +0000

[...] The Carnival of Personal Finance is at Dough Roller. I submitted Five Words That Sum Up Our Debt Payoff Success. [...]

By: The Carnival Review #8 : A Penny Closer

The Carnival Review #8 : A Penny Closer — Thu, 25 Oct 2007 18:28:13 +0000

[...] Five Words That Sum Up Our Debt Payoff Success @ Blogging Away Debt – A concept that is very simple yet sometimes so difficult.Â This is advice definitely worth repeating. [...]

By: Steven

Steven — Thu, 25 Oct 2007 16:01:25 +0000

I have always loved this quote:

“There is no dignity quite so impressive, and no independence quite so important, as living within your means.”

– Herbert Hoover

By: FinanceAndFat

FinanceAndFat — Tue, 23 Oct 2007 02:45:03 +0000

Very true! The first time I made a real budget and saw that I was NEGATIVE on my income versus spending that concept started to sink in…

By: Joy Smith

Joy Smith — Mon, 22 Oct 2007 14:25:08 +0000

I don’t think your sappy at all. You’re an inspiration! Congrats!

By: little_earth

little_earth — Thu, 18 Oct 2007 23:00:39 +0000

I’ve always spent more than I’ve earned. And everytime I get a pay increase I think, now I will be on track things won’t be so hard! But the end result is that I continue to spend more than I earn and I’m back in the same boat. Like did I really need to buy a new vehicle just because I had a full time job now? Not really, but at least I feel safer when I drive now…

By: Maria

Maria — Thu, 18 Oct 2007 18:28:51 +0000

You should be very proud of yourselves for how far you and your family have come.

You are truly an inspiration to all of us Tricia!

By: wealthy_1

wealthy_1 — Thu, 18 Oct 2007 13:46:53 +0000

That is so true…spend less than you earn. I’m just starting to really get a handle on my finances. I write down every penny that I spend now. It’s amazing the difference that makes. For the first time I’m going to be posting my numbers on my blog. That is very, very powerful.

Congratulations on you success to date, and I wish you continued success as you work your way toward financial freedom!!!!!!!!!!!!!

By: Cynthia

Cynthia — Thu, 18 Oct 2007 12:59:33 +0000

I agree whole-heartedly with everything you said. Since I just “got a grip” in June my paid off amount is way less than yours but it’s growing and right now I’m pretty sappy about that too. Finally I feel like we’re on the right track.

By: Patrick

Patrick — Thu, 18 Oct 2007 10:48:02 +0000

Great advice.

Here is another quick thought: These same 5 words sum up the path to wealth.

Just wait for the day that you pay off your debt and are able to invest the same amount of money every month. Add in the effects of compound interest, and you will be surprised at how quickly it grows. Just like watching your total debt decrease, watching your total assets increase is quite fun!

By: Recipe For Financial Freedom » Overclocking my Debt Reduction

Recipe For Financial Freedom » Overclocking my Debt Reduction — Thu, 18 Oct 2007 10:40:26 +0000

[...] reading this comment from Ryan posted at Blogging away debt I started thinking upon the general conditions which are [...]

By: Hoto

Hoto — Thu, 18 Oct 2007 09:18:40 +0000

that`s good tip and the simple truth. nice one.

By: Ryan Healy

Ryan Healy — Thu, 18 Oct 2007 03:27:59 +0000

It is simple, isn’t it?

What I find interesting is why people end up spending more than they earn. I was reading one of Larry Burkett’s books a couple weeks ago.

He pointed out debt is sometimes caused by premature consumption–wanting nice things before you can afford them. But other times it’s the desire to get rich quick. I found most of my debt was caused by the latter reason.

Anyway, just found your blog and I’ve enjoyed reading so far. Thanks.