Information the banks try to keep from you!

Introduction

I am very unusual. I have almost no debt (I still owe $8,000 on my house, but I have only been a homeowner for 2 years). I have no car loans or credit card balances. Our expenses our low, so I can work at a job that I actually enjoy doing. My job is not high-stress, nor do we have to worry about our bills. My wife can stay home to raise our family, because no banker overlord forces us to do otherwise. And that is despite the fact that three years before this writing, I had only $300 to my name. But at least my lack of money was matched by lack of debt.

I was lucky to learn from the masters the secret of personal finance (avoid paying interest as much as possible). So I have always avoided carrying a balance on credit cards, I paid off my cars early, etc. and never got into financial trouble.

We can all live debt-free if we really try. It takes hard work, planning, ingenuity, and self-discipline, but those things, too, can become second-nature with practice.