http://www.debtkid.com/why-do-i-want-to-be-debt-free-why-do-you Debt Kid - I'm Getting Out of Debt Sat, 21 Nov 2009 05:13:13 -0700 http://wordpress.org/?v=2.8.4 hourly 1 http://www.debtkid.com/why-do-i-want-to-be-debt-free-why-do-you/comment-page-1#comment-19717 jessica w Wed, 08 Jul 2009 13:49:01 +0000 http://www.debtkid.com/?p=3749#comment-19717 Good point RD! I can't even tell you how many opportunities we've passed up because we were extended too far. One still breaks my heart--a little boy I had the chance to adopt. Six years now, he's still waiting for a family and I keep a picture of him on my refrigerator to remind me to pull it together and be ready next time--or maybe, maybe even be ready soon enough to help him find a family. Good point RD! I can’t even tell you how many opportunities we’ve passed up because we were extended too far. One still breaks my heart–a little boy I had the chance to adopt. Six years now, he’s still waiting for a family and I keep a picture of him on my refrigerator to remind me to pull it together and be ready next time–or maybe, maybe even be ready soon enough to help him find a family.

]]> http://www.debtkid.com/why-do-i-want-to-be-debt-free-why-do-you/comment-page-1#comment-19716 rd Wed, 08 Jul 2009 13:40:29 +0000 http://www.debtkid.com/?p=3749#comment-19716 All the reasons you listed are right on target. Here is another one: Opportunity Cost. Carrying that debt creates an opportunity cost, meaning that in order to pay your interest owed you need to forgo a different opportunity. By not carrying the debt you will be able to actually do and spend more in the long run because you will not be bleeding out money every month to the black hole that is interest. All the reasons you listed are right on target. Here is another one: Opportunity Cost. Carrying that debt creates an opportunity cost, meaning that in order to pay your interest owed you need to forgo a different opportunity. By not carrying the debt you will be able to actually do and spend more in the long run because you will not be bleeding out money every month to the black hole that is interest.

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