Having full control of our debt is essential in order to move towards a more financially independent life. Living a debt-free lifestyle creates a world of unimaginable opportunities along with a myriad of serendipitous experiences. However, the journey to becoming completely and unequivocally debt-free, for all intents and purposes, can be an interminable and arduous task. By fostering and cultivating certain characteristics, one may simply then adopt the practices of:
● Living by budget
● Abstaining from compulsive spending
● Paying off debt as frequently as resources allow
● And saving 5%-25% of one's income