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debt free

  1. Financial Forum
    It's taken about four years of careful planning but earlier this year I became 100% debt free. No mortgage, no car loans, no nothing! And while I was paying off my debts I was also able to continue contributing to my 401k (mostly because my company matches at 6% of my salary) and saved a nice...
  2. Disaster Preparedness General Discussion
    It seems some lucky people have very deep pockets or inherited the family farm and are able to go off the grid, build elaborate survival retreats, purchase wind turbines and solar panels, etc. The real question is.... How do the rest of us do it without enslaving ourselves to the bank (i.e...
  3. Disaster Preparedness General Discussion
    I have read of a lot of people putting at the top of their list of preps "paying off all debt". I certainly agree with the idea of paying off one's debts. I have an excellent credit score, and I think that speaks volumes about one's character. However, what about in preparation for a major...
  4. Disaster Preparedness General Discussion
    Why be debt free? I hear it over and over as one of requirements to be prepared for SHTF. Becoming debt free. I do not understand it. When biggest ever fiat currency collapses (AKA US$, which is inevitable at this point) it seems to me that the only people that become “winners” of sort are the...
  5. Disaster Preparedness General Discussion
    Pardon my ignorance, but as I read over many posts here, a common piece of advice is to pay off your debts in a shtf-coming situation. I agree, in general, that we should seek to have as little debt as possible, it just makes life easier and less stressful. But if you're convinced that a shtf...
  6. Disaster Preparedness General Discussion
    Sorry, posted in the wrong forum.
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