About three years ago one of my brothers loaned us a set of CDs by Dave Ramsey. My husband and I decided that we would begin following the baby steps to achieve financial freedom. The first step, put $1000 into savings for an emergency fund took awhile, but it was finally done. The second step, to pay off all outstanding debts except for the house and utilities and the like, took a long time. Today I went to the bank and paid off the balance of our home equity loan, the last debt we had to conquer.
Dave Ramsey has lots of stories about people who were thousands and thousands of dollars in debt and they paid off everything in 1-2 years. It took us longer because we did not start in a place where we had cars and other things we could sell and make some quick money, thus reducing the debt quickly at first. It has been a long, hard road. Sometimes it is hard to watch other people accumulate stuff, but it has been well worth it to say no to things we did not need.
My husband's company held a meeting last week to discuss the immediate future. It will involve fewer hours, but at least no one is being laid off yet. It is a tremendous feeling of relief to know that if he does lose his job we only need to come up with the money for our basic needs.
One last thing. There is no way we could have done this on our own. It is only because of God's wonderful grace that it happened. All praise should go to Him.
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