•Friday, April 11, 2008
I was rolling thru a few fellow blogger's sites and came across a statement that stopped me, literally, and I began to ponder the statement for several days. I don't recall who's site it was or the exact wording but the statement was something like:
"If debt was a dark cloud hanging over you that everyone could see would you wear it proudly?"
My first thought was any debt that someone has hanging over them they shouldn't be very proud of, but then thought twice about it. When I met my now husband I was so surprised to find out, after we had been dating for 3-4 months that he owns the house his mother lives in. I say own but, he did have a mortgage on it. He also purchased 157 acres the year before we met that also had a mortgage on it. Yes, those items are debt however, I was looking at it as good debt and thinking to myself, YES!! I have finally found a good man that can take care of him self financially before being involved with anyone!! I personally wear our property debt proudly as well as my mortgage on my home. I do agree with Dave Ramsey and the idea of paying cash for everything however I am also proud that my husband and I are able to live in a nice home and have nice things that we can afford comfortably!
I think the only debt that I would not be proud of would be the $4000 on my credit card and my student loan debt which is more than I truly care to say. I did acquire my Bachelor's degree but it could have been acquired for less than what I paid for it. I am not ashamed of our vehicle debt, but have truly come to the realization about saving and paying cash for a vehicle is a great way to go. I honestly can see our next vehicles being paid for this way, which can be very simple if we don't have any debt!
Any thoughts to how you would feel if your debt was out there for everyone and anyone to see? People could watch you walk down the street and see all of the foolish items that you have purchased. I personally think this would be a great way of calling out all of those that we think have it all such as the infamous "Jones's" but, in reality are hiding behind the ugly mask of debt. I think there would be many surprised people out there realizing that those that they view as financially smart are really not.
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1 comments:
Haha, I think this is the reason that sometimes I bore people to tears talking about my own family's finances. I would especially like it if people could see the "before" and "after" for families paying off their debt and getting out from under that burden!