Comments on: Debt Slavery – What it is and Ways Out http://www.debtfreeadventure.com/debt-slavery-what-it-is-and-ways-out/ Pay off debt. Save. Give. Live your mission. Wed, 08 Feb 2012 17:36:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Best of Money Carnival #35: All Over The Place Edition http://www.debtfreeadventure.com/debt-slavery-what-it-is-and-ways-out/#comment-22295 Best of Money Carnival #35: All Over The Place Edition Thu, 19 Jan 2012 22:45:06 +0000 http://www.debtfreeadventure.com/?p=4846#comment-22295 [...] Matt Jabs presents Debt Slavery- What it is & How to Get Out posted at Debt Free Adventure. A must read article for anyone that’s in [...] [...] Matt Jabs presents Debt Slavery- What it is & How to Get Out posted at Debt Free Adventure. A must read article for anyone that’s in [...]

]]> By: Pay Off Credit Card Debt – More Reasons Why You Should http://www.debtfreeadventure.com/debt-slavery-what-it-is-and-ways-out/#comment-15211 Pay Off Credit Card Debt – More Reasons Why You Should Thu, 24 Mar 2011 00:14:25 +0000 http://www.debtfreeadventure.com/?p=4846#comment-15211 [...] Card DebtMany people not only avoid credit card debt like the plague, they actually view it as debt slavery.  If you are suffering from massive credit card debt and are looking for a s0lution read the [...] [...] Card DebtMany people not only avoid credit card debt like the plague, they actually view it as debt slavery.  If you are suffering from massive credit card debt and are looking for a s0lution read the [...]

]]> By: Debt Reduction While Planning a Career Change http://www.debtfreeadventure.com/debt-slavery-what-it-is-and-ways-out/#comment-14938 Debt Reduction While Planning a Career Change Fri, 18 Mar 2011 06:42:43 +0000 http://www.debtfreeadventure.com/?p=4846#comment-14938 [...] the debt is what’s keeping you in the job.  It sounds like you have a solid understanding of debt slavery and are eagerly working a plan to get out.  You desire a career change but your debt has you [...] [...] the debt is what’s keeping you in the job.  It sounds like you have a solid understanding of debt slavery and are eagerly working a plan to get out.  You desire a career change but your debt has you [...]

]]> By: Why You Must Keep at Least $500 in Your Checking Account — Faithful With A Few http://www.debtfreeadventure.com/debt-slavery-what-it-is-and-ways-out/#comment-11398 Why You Must Keep at Least $500 in Your Checking Account — Faithful With A Few Sun, 07 Nov 2010 03:49:45 +0000 http://www.debtfreeadventure.com/?p=4846#comment-11398 [...] Using Credit Cards for Daily Expenses – This is one of the worst things you can do, especially if you are trying to get or stay out of debt. [...] [...] Using Credit Cards for Daily Expenses – This is one of the worst things you can do, especially if you are trying to get or stay out of debt. [...]

]]> By: Debt Testimonial of Angie and Raymon http://www.debtfreeadventure.com/debt-slavery-what-it-is-and-ways-out/#comment-10341 Debt Testimonial of Angie and Raymon Wed, 08 Sep 2010 13:27:08 +0000 http://www.debtfreeadventure.com/?p=4846#comment-10341 [...] doing with this site.  It’s important to show the world that God is the true deliverer of debt bondage.I had not approached my debt as a type of bondage in the past. We were generous with our debt using [...] [...] doing with this site.  It’s important to show the world that God is the true deliverer of debt bondage.I had not approached my debt as a type of bondage in the past. We were generous with our debt using [...]

]]> By: Jo Clo http://www.debtfreeadventure.com/debt-slavery-what-it-is-and-ways-out/#comment-9774 Jo Clo Tue, 15 Jun 2010 04:35:27 +0000 http://www.debtfreeadventure.com/?p=4846#comment-9774 Love this article...There is just something refreshing about straight, "no play" words of advice. Reminds me of the book "Debt is Slavery" ....Loving the concept Matt about Consolidate, sacrifice, and repay...many people forget that sacrifice has to be made. People think it takes effort to get out of debt...its true, but no more than the effort we put into creating the debt. ....same goes for weight gain/loss....Trust me, it takes effort to stuff your mouth unconsciously....My advice is to not associate eliminating debt and or loosing weight with something you "have to do" but rather something "you want to do" .....I've never been so excited about eliminating debt....articles like these have helped along the way....I actually have been willing my debt repayment into existence before I even get my income checks...so much so that I think my faith and determination have lead to monetary opportunities as of late...made an amendment to my tax return and I'm getting 3k back, switched my mortgage insurance to geico, saved 200 on my insurance translating to a lower mortgage, refinanced my auto loan from one credit union to another, dropped my car payments by 100... I'm going debt elimination crazy...More healthy advice is to get angry about debt slavery...it just isn't cool....man...this is fun! Love this article…There is just something refreshing about straight, “no play” words of advice. Reminds me of the book “Debt is Slavery” ….Loving the concept Matt about Consolidate, sacrifice, and repay…many people forget that sacrifice has to be made. People think it takes effort to get out of debt…its true, but no more than the effort we put into creating the debt. ….same goes for weight gain/loss….Trust me, it takes effort to stuff your mouth unconsciously….My advice is to not associate eliminating debt and or loosing weight with something you “have to do” but rather something “you want to do” …..I’ve never been so excited about eliminating debt….articles like these have helped along the way….I actually have been willing my debt repayment into existence before I even get my income checks…so much so that I think my faith and determination have lead to monetary opportunities as of late…made an amendment to my tax return and I’m getting 3k back, switched my mortgage insurance to geico, saved 200 on my insurance translating to a lower mortgage, refinanced my auto loan from one credit union to another, dropped my car payments by 100… I’m going debt elimination crazy…More healthy advice is to get angry about debt slavery…it just isn’t cool….man…this is fun!

]]> By: Get Out Of Debt by Acting Wealthy http://www.debtfreeadventure.com/debt-slavery-what-it-is-and-ways-out/#comment-9675 Get Out Of Debt by Acting Wealthy Thu, 03 Jun 2010 05:50:01 +0000 http://www.debtfreeadventure.com/?p=4846#comment-9675 [...] wealthy.  The majority of wealthy people spend far less frivolously than the majority of those enslaved by debt.  Sure, as JD mentions, too much of a good thing can drive a patient man mad; but regardless, what [...] [...] wealthy.  The majority of wealthy people spend far less frivolously than the majority of those enslaved by debt.  Sure, as JD mentions, too much of a good thing can drive a patient man mad; but regardless, what [...]

]]> By: Debt Plan – Facing Bankruptcy & Foreclosure http://www.debtfreeadventure.com/debt-slavery-what-it-is-and-ways-out/#comment-9297 Debt Plan – Facing Bankruptcy & Foreclosure Fri, 30 Apr 2010 14:10:40 +0000 http://www.debtfreeadventure.com/?p=4846#comment-9297 [...] debt you can.  First step is to cut up all the cards.  This prevents you from going deeper into debt slavery.  Next, eliminate as many debts as possible.  Return anything you still can that was bought with [...] [...] debt you can.  First step is to cut up all the cards.  This prevents you from going deeper into debt slavery.  Next, eliminate as many debts as possible.  Return anything you still can that was bought with [...]

]]> By: Home Mortgage, Limited Earning Power, and Spending Wisely http://www.debtfreeadventure.com/debt-slavery-what-it-is-and-ways-out/#comment-7866 Home Mortgage, Limited Earning Power, and Spending Wisely Fri, 19 Feb 2010 11:01:54 +0000 http://www.debtfreeadventure.com/?p=4846#comment-7866 [...] as long as the monthly payment is manageable – and that quality of life issues outweigh concerns of being in debt.  My biggest concern is how much a home mortgage will steal from your future standard of living; [...] [...] as long as the monthly payment is manageable – and that quality of life issues outweigh concerns of being in debt.  My biggest concern is how much a home mortgage will steal from your future standard of living; [...]

]]> By: Dollars Not Debt http://www.debtfreeadventure.com/debt-slavery-what-it-is-and-ways-out/#comment-7041 Dollars Not Debt Sun, 31 Jan 2010 04:32:05 +0000 http://www.debtfreeadventure.com/?p=4846#comment-7041 <Would you rather have debt or be debt free? And therein lies our common sense answer. The grown up in you should know what to do next! <Would you rather have debt or be debt free? And therein lies our common sense answer.

The grown up in you should know what to do next!

]]> By: Shona aka greenpiggy http://www.debtfreeadventure.com/debt-slavery-what-it-is-and-ways-out/#comment-6817 Shona aka greenpiggy Mon, 25 Jan 2010 12:48:04 +0000 http://www.debtfreeadventure.com/?p=4846#comment-6817 Brilliant article. Plain, short, sweet and simple. Definitely true as well. There is no such thing as good debt. Debt equals modern day slevery, as you mention in the article. Am also in the process of paying debt off this side, and will never again incur another penny in debt, or interest payments. I've added a link to your site on my blog (url mentioned above), because I'm sure my readers can benefit from this article, and many others on your site. Keep it up! :-) Brilliant article. Plain, short, sweet and simple. Definitely true as well. There is no such thing as good debt. Debt equals modern day slevery, as you mention in the article. Am also in the process of paying debt off this side, and will never again incur another penny in debt, or interest payments. I’ve added a link to your site on my blog (url mentioned above), because I’m sure my readers can benefit from this article, and many others on your site. Keep it up! :-)

]]> By: Matt Jabs http://www.debtfreeadventure.com/debt-slavery-what-it-is-and-ways-out/#comment-6795 Matt Jabs Sun, 24 Jan 2010 19:35:29 +0000 http://www.debtfreeadventure.com/?p=4846#comment-6795 Hey BG, photo credit goes to <a href="http://digdougsart.com/" rel="nofollow">Doug Naugle</a>. Hey BG, photo credit goes to Doug Naugle.

]]> By: Sunday Morning Clicks – Budgeting Edition | DeliverAwayDebt.com http://www.debtfreeadventure.com/debt-slavery-what-it-is-and-ways-out/#comment-6784 Sunday Morning Clicks – Budgeting Edition | DeliverAwayDebt.com Sun, 24 Jan 2010 13:16:18 +0000 http://www.debtfreeadventure.com/?p=4846#comment-6784 [...] Jabs at Debtfreeadventure writes about Debt Slavery – What it is and Ways out. Matt uses the bible, common sense, and mathematics to illustrate his point. The picture in the [...] [...] Jabs at Debtfreeadventure writes about Debt Slavery – What it is and Ways out. Matt uses the bible, common sense, and mathematics to illustrate his point. The picture in the [...]

]]> By: BG http://www.debtfreeadventure.com/debt-slavery-what-it-is-and-ways-out/#comment-6674 BG Fri, 22 Jan 2010 17:06:38 +0000 http://www.debtfreeadventure.com/?p=4846#comment-6674 Matt) This is offtopic -- but about the awesome artwork on your site? Are they your original creations? I'd love to purchase a higher resolution 5x7 print of the Visa Handcuffs from you, extra cash for you side hussles... Thanks! Matt) This is offtopic — but about the awesome artwork on your site? Are they your original creations? I’d love to purchase a higher resolution 5×7 print of the Visa Handcuffs from you, extra cash for you side hussles…

Thanks!

]]> By: Friday Finance Followers – Bring It Edition | Suburban Dollar http://www.debtfreeadventure.com/debt-slavery-what-it-is-and-ways-out/#comment-6658 Friday Finance Followers – Bring It Edition | Suburban Dollar Fri, 22 Jan 2010 13:08:03 +0000 http://www.debtfreeadventure.com/?p=4846#comment-6658 [...] discusses debt slavery, and the ways into and out of it. I think debt means different things to different people. No one really wants to be in debt but [...] [...] discusses debt slavery, and the ways into and out of it. I think debt means different things to different people. No one really wants to be in debt but [...]

]]> By: Matt Jabs http://www.debtfreeadventure.com/debt-slavery-what-it-is-and-ways-out/#comment-6607 Matt Jabs Thu, 21 Jan 2010 19:45:19 +0000 http://www.debtfreeadventure.com/?p=4846#comment-6607 Well put Ronnie. Your comment beautifully illustrates the article stance on bad debt vs. better debt. Well put Ronnie. Your comment beautifully illustrates the article stance on bad debt vs. better debt.

]]> By: Ronnie http://www.debtfreeadventure.com/debt-slavery-what-it-is-and-ways-out/#comment-6605 Ronnie Thu, 21 Jan 2010 19:39:46 +0000 http://www.debtfreeadventure.com/?p=4846#comment-6605 It's so sad when you work your tail off everyday, and focus so much energy on paying down debt, and for the love of whomever can't recall what was so important that you had to have it RIGHT THEN AND THERE! Last year I gave American Express $11,000 to pay off $7,300 in debt, and I can't recall one single thing I did with that money. Not just a slave, but a stupid one to boot. Now I'm focusing on my last two cards, but at least I remember what I bought with them, and given the family emergency that precipitated their use, I'm okay with having used them. I do agree that there is no such thing as "good" debt. I've got student loan debt up the wazoo, and I know that it'll take approximately another 15 years at my going rate to pay it off (which is still 10 years ahead of schedule), but when I look at that debt, I recognize that I have my current position as a direct result of that debt, and I'm making what I do because of that debt, which has allowed me to accelerate payments on the other, plainly "bad" debt. When I buy a house, at least I can concretely look and see where that debt comes from. So often that's not true of credit cards in particular. Oh, and I'd probably work my current job 4 days a week with no debt. The whole part-time lawyer thing doesn't work in this particular field, and I genuinely love what I do. It’s so sad when you work your tail off everyday, and focus so much energy on paying down debt, and for the love of whomever can’t recall what was so important that you had to have it RIGHT THEN AND THERE! Last year I gave American Express $11,000 to pay off $7,300 in debt, and I can’t recall one single thing I did with that money. Not just a slave, but a stupid one to boot. Now I’m focusing on my last two cards, but at least I remember what I bought with them, and given the family emergency that precipitated their use, I’m okay with having used them.

I do agree that there is no such thing as “good” debt. I’ve got student loan debt up the wazoo, and I know that it’ll take approximately another 15 years at my going rate to pay it off (which is still 10 years ahead of schedule), but when I look at that debt, I recognize that I have my current position as a direct result of that debt, and I’m making what I do because of that debt, which has allowed me to accelerate payments on the other, plainly “bad” debt. When I buy a house, at least I can concretely look and see where that debt comes from. So often that’s not true of credit cards in particular.

Oh, and I’d probably work my current job 4 days a week with no debt. The whole part-time lawyer thing doesn’t work in this particular field, and I genuinely love what I do.

]]> By: BG http://www.debtfreeadventure.com/debt-slavery-what-it-is-and-ways-out/#comment-6600 BG Thu, 21 Jan 2010 16:44:15 +0000 http://www.debtfreeadventure.com/?p=4846#comment-6600 They chose to be your slave...and that's just business. I wouldn't charge interest to friends/family though. They chose to be your slave…and that’s just business.
I wouldn’t charge interest to friends/family though.

]]> By: Matt Jabs http://www.debtfreeadventure.com/debt-slavery-what-it-is-and-ways-out/#comment-6599 Matt Jabs Thu, 21 Jan 2010 16:20:00 +0000 http://www.debtfreeadventure.com/?p=4846#comment-6599 @Phanio: You deal in loaning money to businesses, so you are obviously partial to using debt to acquire things that cannot otherwise be afforded. While I understand your point of view, my argument stands - it is better to be debt free than to be in debt. So I will continue to encourage people to save money, then buy things. <blockquote><em>"Don’t let anyone fool you… no debt is good. Sure, some debt is better than other debt… but no debt is actually 'good.'"</em></blockquote> @Phanio: You deal in loaning money to businesses, so you are obviously partial to using debt to acquire things that cannot otherwise be afforded. While I understand your point of view, my argument stands – it is better to be debt free than to be in debt. So I will continue to encourage people to save money, then buy things.

“Don’t let anyone fool you… no debt is good. Sure, some debt is better than other debt… but no debt is actually ‘good.’”

]]> By: Phanio http://www.debtfreeadventure.com/debt-slavery-what-it-is-and-ways-out/#comment-6595 Phanio Thu, 21 Jan 2010 12:41:30 +0000 http://www.debtfreeadventure.com/?p=4846#comment-6595 That is OK - That is capitalism at its finest - both parties win! That is OK – That is capitalism at its finest – both parties win!

]]>