You have to focus on the benefits of being debt free. Remember that it is a process and you need to be patient. Don’t feel that you are in prison and the sun is not shining.

Set some goals as to what you and your spouse, if you are married, would do if you were debt free and had more time on your hands. See yourself without unnecessary stress, not being concerned with what the economy in general is doing. If you are a Christian, you are operating in God’s kingdom and He is ultimately in charge.

If you are diligent and patient you will get to the point where you will be able to pay cash for all purchases.


What is the most expensive smell in the world? The New Car Smell!

CARS: Statistics show that most people keep a vehicle between 32 to 52 months before trading in for a new car. If you go four years and drive an average of 15,000 miles per year, you are trading a car with about 65, 000 miles.

With this type of mileage you should be able to keep this car for ten years with proper maintenance! I recently had a 2002 Mercury Sable that I bought in 2005 for $10,500. It had 25,000 miles when I bought it and I drove it up to 225,000 miles and then I gave it away. It was still running well and was in good condition.

I have a 2007 Ford Taurus that I bought in 2009 for $12,500. It had 15,000 miles on it and it now has 165,000 miles and it is still going strong.

Why spend money on vehicles that depreciate 20% the moment you drive off the dealer’ lot?

Leasing a vehicle, in my opinion is not a good deal. You are basically renting and still responsible for upkeep and making sure it is in good condition at the end of the lease. Also, you have nothing to show for it at the end of the lease. Not good.

I know of a gentlemen, who is well of, who trades in his car every year for a new one. The car salesmen just loves him!

What about you? Where do you stand on this topic?

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