Share a lesson you wish you had learned earlier in life.
If I’m being honest, I knew this from the start. I worked really hard to avoid going into debt from the start, but one of the greatest reliefs of my life has been paying off debts as they come along.
The mysteries of compound interest often catch people unaware, capturing your spare dollars for years longer than makes sense. A 5000$ purchase can wind up costing upwards of 10,000$ simply by paying the minimum payment. You’re trapped.
Only through hard work and tightly disciplined finances can you make it out of the cycle. Overpaying on bills to reduce your interest costs, taking extra work to increase your income and throwing it at that debt can drop it rapidly.
modernsurvivalarkansas.com 
Our world almost makes that an impossibility, but I agree, if you can pay it off, then no-one owns you.
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It’s not impossible! I’m almost completely debt free, and I know many who are! It’s possible, and well worth the effort.
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I do agree, it’s more that there are very few people in this generation that get by unscathed by debt. It’s not really taught in schools. I know first hand that it is possible, having almost wiped out all debt, but, the fact of the matter is that often times, we take on debt because we have too. If we want to buy a home, a safe vehicle, anything, our credit has to be high, and the only way to do that is to put yourself in debt. Staying on top of it and paying down, definitely doable.
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While a home loan is usually necessary, you can actually get one without having any credit at all, which is something not a lot of people are aware of. Usually requires proof of rent payment and income, but is 100% doable if you’ve saved for a decent down payment. Fun fact, home loans are one of the few kinds of loan I’m ok with, and car loans are one I’m most opposed to.
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I did not know that. I will have to check that out.
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