Talk about inspirational
>> Monday, January 11, 2010
I just have to post this.
Every day I come in and listen to the prior day's radio program of the Dave Ramsey show. So this morning, I start up Friday's show and listen to it while at my desk working.
Here's the link if you want to check it out. Click on "Archives" then choose the date you want to listen to.
On Fridays, people call in and shout "We're Debt Free!" into the phone. Dave asks them questions like how much did they pay off, how much do they make, how long did it take, etc. It's one of the best parts about Fridays because it's very inspiring to hear how other people are trying to win with money too and it's not just a depressed state of affairs out there right now.
Get this- they just took a call from a young couple (early 30's) who are completely debt free- house and all! That's right, they're in their early 30's and they don't even have a mortgage! Crazy right?
Okay, just wait because it gets even more wild... ... these people aren't rich, like you may assume.
They have 6 children!!!
They make $108,000/year!!!
Their house is worth $250,000!!!
Insane right? I mean, they make the same amount of money Michael and I make and we have no children and they've managed to pay off their mortgage even.
It took them 4 years to pay off all their debts including their house. If that's not amazing, I don't know what is. It makes me so motivated to continue sacrificing and saving so one day we can have a similar story as this couple (well, everything except the 6 kids... I have to draw the line somewhere).
I realize it's completely not normal, but are you allowing yourself to dream big anyway?
6 comments:
That's impressive!
That's pretty much my plan. By 35 - no mortgage. We took a big pay cut when we started our business, but I'm looking forward to doing it despite that. I want to have a vacation house or a country home paid off by the time I'm 40 too. One city house where we work and one country/vacation house for rest and relaxation. All paid in full in the next 12 years.
I have been reading all kinds of motivational and inspirational stuff lately about thinking big! Love this kind of stuff.
Simply amazing people can accomplish with willpower and determination.
Wow! That's pretty much crazy. Is it bad that I don't have a desire to pay off my house, soon, since I know I won't be living here forever?!
Wow! Such an inspiring post! I am 45 and our house will be paid off in about 6 years.
When we were first married, I was very sick, so we didn't want to get into the whole home ownership thing. We rented for 9 years then we were able to buy this house.
We were able to put down about 15 percent and even with the downturn, this house is worth about 40 percent more. Now, granted, my house is nowhere near a $250,000 house. We got it for $53,000 with a $1000 fence allowance and we bought it below appraisal (messy divorce on the seller's part...they just wanted it SOLD!). Our interest rate is 5.625% and I'm wondering if we should refinance and get a lower rate.
It is what you could call a partial fixer-upper. It is old, about 100 yrs. old, and I love it. Someday it'll be SOMETHING, but for now, it is a diamond in the rough!
Thanks for the comment about Sheba...she is a sweetie! I should have snapped a picture when she was on the bed, practically standing on her head, trying to reach her chew toy that had fallen on the floor. It was soooo funny! :)
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