Life is in phases! At the stage of your rising, you might be living in debt and it's a bit understandable at that time. But you have to grow to a point where you deliberately decide that you will live a debt-free life.
It's very possible and there are a lot of people out there that are doing so well for themselves without being indebted to anyone.
If you are also contented wit the little you have, you won't be in debt.
Of course, there are a lot of reasons why people take loan funds from people ranging from solving life challenges to using them for business ventures.
It becomes very bad when you take a loan for personal consumption but if you take it for a business venture, it becomes a reasonable risk which to me is not a bad debt.
Topic: A debt free life - page 2. (Read 399 times)
Well that's true. I can't avoid getting into debt either, my salary is good but it's still not enough. I'm also having a bit of a hard time budgeting because things are so expensive now. Even food increases every month but it's manageable and I believe that a person can really live without debt to anyone, you have to persevere and not give up. If you want to be free from this you must act.
I am one of the lucky few who dont have to stress about debt. My house and cars are all paid off - no loans weighing me down and and thank goodness I dont have any student loans either! I do have a single credit card, but I am careful not to let the balance get out of control. Living debt-free on a single income is not always easy, but since I am not married anymore, it is manageable. Sure I have to watch my spending and stick to a budget. But not owing money to anyone? That is priceless.
It is very much possible to be debt free, I think the only one way at which a person is a debtor is due to emergency and most likely what u have in your emergency funds does not meet up the issue at hand then an extra cash is needed. And those debts are easy to pay off one's a person has a good paying job we should also remember at every pay of the month we always stack our emergency funds keep on stacking the money, we never know what the future holds
It is possible, but it largely depends on what country you are from and the socioeconomical status of each person. For example, here in Venezuela, people do not have access to debt, banks do not give loans and credit cards are de facto useless, because the maximum debt they permit is very low, just a few USD.
So because of that, people here are forced to pay with cash for homes and vehicles. I have personally met people who had to pay homes and cars with bills.
In consequence, even though it can be perceived as an disadvantage in some sense, most of the population in this country lives a debt free life.
So because of that, people here are forced to pay with cash for homes and vehicles. I have personally met people who had to pay homes and cars with bills.
In consequence, even though it can be perceived as an disadvantage in some sense, most of the population in this country lives a debt free life.
Despite the hard economic realities across the world, there are people who are still living a descent life and are also not indepted to anyone, so it is very possible. All that matters is source of income, if someone has more than one source of income or multiple of it then there are high chances to level up with the economic challenges and give aids to others because there are people who still give aid because they have invested and diversified their source of income.
Debt is enslavement, so yeh it is possible to be free.
Can anyone ever live a debt free life?
It is not easy to debt free with how difficult the economy is many countries, but at the same time it is possible to be debt free if you live a very planned life and make sure that your expenses is not more than what you earn. If you are debt free, it does not mean that you have never borrowed sometime to sort some bills, but what it means to me is that you are credit worthy and always quick to settle a debt whenever you have it. You plan your life well so you do not owe any debt. 
Can anyone ever live a debt free life? Have found out from people around me that no matter how hard one try to stay out of debt you still find yourself in debt..maybe because of the economy all around the world even though some countries are far better than some. Jobs are not paying well enough, businesses are not making sales as it supposed to there by making it difficult for one to live a debt free life
It's possible to live a lesser debt life but if you can live debt free then you are one of the few people that are living like that. Debt is one reasons why many people can't go up and recover because instead of paying the whole amount, they're only paying the interest rates that's staying there for so long.
While the loan sharks are taking advantage of the situation and does that.
Can anyone ever live a debt free life? Have found out from people around me that no matter how hard one try to stay out of debt you still find yourself in debt..maybe because of the economy all around the world even though some countries are far better than some. Jobs are not paying well enough, businesses are not making sales as it supposed to there by making it difficult for one to live a debt free life
Jump to: