Comments on: How I Stopped The Debt Cycle In My Life http://moneysmartlife.com/how-i-stopped-the-debt-cycle-in-my-life/ Money Tips for a Better Life Sat, 21 Nov 2009 07:43:50 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: ladyd3500 http://moneysmartlife.com/how-i-stopped-the-debt-cycle-in-my-life/comment-page-1/#comment-102042 ladyd3500 Wed, 03 Sep 2008 15:52:37 +0000 http://moneysmartlife.com/?p=915#comment-102042 You are one of my heros, the awesome way you took on debt by the horns and kicked it butt. You have showned me the way. Thank you, Thank you You are one of my heros, the awesome way you took on debt by the horns and kicked it butt. You have showned me the way. Thank you, Thank you

]]> By: The Happy Rock http://moneysmartlife.com/how-i-stopped-the-debt-cycle-in-my-life/comment-page-1/#comment-88639 The Happy Rock Thu, 17 Jul 2008 19:00:11 +0000 http://moneysmartlife.com/?p=915#comment-88639 Eric, Kudos for righting the ship. The transfer from private school to public was a huge jump. It is always exciting to see someone who has changed their behavior and is on the verge of becoming debt free. It's a huge step in life. I will say that I felt even better to get our emergency fund topped out. That was the point I really felt free to pursue my dreams! Keep attacking! Eric,

Kudos for righting the ship. The transfer from private school to public was a huge jump.

It is always exciting to see someone who has changed their behavior and is on the verge of becoming debt free. It’s a huge step in life.

I will say that I felt even better to get our emergency fund topped out. That was the point I really felt free to pursue my dreams!

Keep attacking!

]]> By: Erik http://moneysmartlife.com/how-i-stopped-the-debt-cycle-in-my-life/comment-page-1/#comment-88438 Erik Wed, 16 Jul 2008 03:51:48 +0000 http://moneysmartlife.com/?p=915#comment-88438 Connie - yes, we've stuck to his debt repayment plan for the $10k. We always carry at least a $1000 emergency fund and we pay off smallest debts first and work our way up. We will do this with our student loans and hope to pay of $50k in the next two years since our income will more than double starting in August when my wife starts a position as a physician assistant. Matt - Always glad to meet a fellow gator! I graduated in May of 2005. Emily - I completely agree with you. If I would have learned in high school what i taught myself at the end of school, it would have saved me about $20k. One of my life's passions is to start a financial counseling company that focuses on educating young people. Connie – yes, we’ve stuck to his debt repayment plan for the $10k. We always carry at least a $1000 emergency fund and we pay off smallest debts first and work our way up. We will do this with our student loans and hope to pay of $50k in the next two years since our income will more than double starting in August when my wife starts a position as a physician assistant.

Matt – Always glad to meet a fellow gator! I graduated in May of 2005.

Emily – I completely agree with you. If I would have learned in high school what i taught myself at the end of school, it would have saved me about $20k. One of my life’s passions is to start a financial counseling company that focuses on educating young people.

]]> By: Emily http://moneysmartlife.com/how-i-stopped-the-debt-cycle-in-my-life/comment-page-1/#comment-88420 Emily Tue, 15 Jul 2008 22:20:02 +0000 http://moneysmartlife.com/?p=915#comment-88420 This story goes along with what I've been thinking/saying for a long time -- financial education NEEDS to be taught to high school seniors before they head off to college. At my high school, senior year, we took government one semester and economics the other. The economics class was extremely difficult and complicated and we had to draw supply and demand curves and calculate GDP and GNP. I always asked my teacher why they would teach us those things (which we'd probably never use) but neglected to teach us anything about credit, balancing a checkbook, taxes, or insurance -- things that could make or break our lives. He was as puzzled as I was. I'm glad some states have started doing this, but they're in the minority. I think everyone should go to college with this basic, important information so they don't have to get lucky by hearing Dave Ramsey on the radio. This story goes along with what I’ve been thinking/saying for a long time — financial education NEEDS to be taught to high school seniors before they head off to college. At my high school, senior year, we took government one semester and economics the other. The economics class was extremely difficult and complicated and we had to draw supply and demand curves and calculate GDP and GNP. I always asked my teacher why they would teach us those things (which we’d probably never use) but neglected to teach us anything about credit, balancing a checkbook, taxes, or insurance — things that could make or break our lives. He was as puzzled as I was. I’m glad some states have started doing this, but they’re in the minority. I think everyone should go to college with this basic, important information so they don’t have to get lucky by hearing Dave Ramsey on the radio.

]]> By: Matt M http://moneysmartlife.com/how-i-stopped-the-debt-cycle-in-my-life/comment-page-1/#comment-88418 Matt M Tue, 15 Jul 2008 21:37:03 +0000 http://moneysmartlife.com/?p=915#comment-88418 If your not a Gator your Gator bait!!! What year did you graduate from UF, I just recently graduated from UF. If your not a Gator your Gator bait!!! What year did you graduate from UF, I just recently graduated from UF.

]]> By: Connie http://moneysmartlife.com/how-i-stopped-the-debt-cycle-in-my-life/comment-page-1/#comment-88417 Connie Tue, 15 Jul 2008 21:01:08 +0000 http://moneysmartlife.com/?p=915#comment-88417 Hey Erik, That's an enormous accomplishment. I am wondering, did you follow Dave Ramsey's debt repayment plan exactly? I was on his site the other day and I really respect his advice on Term vs. Whole life insurance, but I never did read a lot of his debt repayment advice. What was the hardest part for you? Paying off 10k in two years is huge! Hey Erik,

That’s an enormous accomplishment. I am wondering, did you follow Dave Ramsey’s debt repayment plan exactly? I was on his site the other day and I really respect his advice on Term vs. Whole life insurance, but I never did read a lot of his debt repayment advice. What was the hardest part for you?

Paying off 10k in two years is huge!

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