Comments on: I Went From Being $15,000 In The Hole To Being Debt Free In Six Months, And You Can Too! http://inthelimelight.net/2008/06/07/i-went-from-being-15000-in-the-hole-to-being-debt-free-in-six-months-and-you-can-too/ Inspired Creativity. The Limelight is about living life creatively and finding inspiration to do so. A resource for personal development, money management and lifestyle articles for young adults (an older ones too!). Create your own life in The Limelight and learn to live creatively every day. Live Creatively. Fri, 19 Feb 2010 03:09:44 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Tom http://inthelimelight.net/2008/06/07/i-went-from-being-15000-in-the-hole-to-being-debt-free-in-six-months-and-you-can-too/comment-page-1/#comment-407 Tom Tue, 15 Sep 2009 21:27:08 +0000 http://inthelimelight.net/2008/06/07/i-went-from-being-15000-in-the-hole-to-being-debt-free-in-six-months-and-you-can-too/#comment-407 Surprise! Finance companies are in business to make money off you. Your mission is to thwart them. Ideally, credit should only be used to buy things that make money for _you_. Surprise! Finance companies are in business to make money off you. Your mission is to thwart them. Ideally, credit should only be used to buy things that make money for _you_.

]]> By: Hugo http://inthelimelight.net/2008/06/07/i-went-from-being-15000-in-the-hole-to-being-debt-free-in-six-months-and-you-can-too/comment-page-1/#comment-400 Hugo Tue, 08 Sep 2009 15:29:54 +0000 http://inthelimelight.net/2008/06/07/i-went-from-being-15000-in-the-hole-to-being-debt-free-in-six-months-and-you-can-too/#comment-400 I am very solidary with your cause. I too found a way to fight myself and recover from -1500$ on the bank account and 4000$ on the credit card. I currently am renting a house to live with my girlfriend that wasn't possible last year. I am very solidary with your cause. I too found a way to fight myself and recover from -1500$ on the bank account and 4000$ on the credit card. I currently am renting a house to live with my girlfriend that wasn’t possible last year.

]]> By: Paul http://inthelimelight.net/2008/06/07/i-went-from-being-15000-in-the-hole-to-being-debt-free-in-six-months-and-you-can-too/comment-page-1/#comment-344 Paul Wed, 10 Jun 2009 18:51:06 +0000 http://inthelimelight.net/2008/06/07/i-went-from-being-15000-in-the-hole-to-being-debt-free-in-six-months-and-you-can-too/#comment-344 It can be difficult to pay off a mountain of debt, but paying a little over the minimum a month is better than not paying at all. It can be difficult to pay off a mountain of debt, but paying a little over the minimum a month is better than not paying at all.

]]> By: Larry@st louis brazilian jiu jitsu http://inthelimelight.net/2008/06/07/i-went-from-being-15000-in-the-hole-to-being-debt-free-in-six-months-and-you-can-too/comment-page-1/#comment-340 Larry@st louis brazilian jiu jitsu Mon, 08 Jun 2009 11:20:09 +0000 http://inthelimelight.net/2008/06/07/i-went-from-being-15000-in-the-hole-to-being-debt-free-in-six-months-and-you-can-too/#comment-340 Your post is very inspiring. But, of course, not all people can do what you've done. I wish I could do the same for myself. I've been having a hard time with my mortgage. Thanks for sharing your experience. It's consoling. Your post is very inspiring. But, of course, not all people can do what you’ve done. I wish I could do the same for myself. I’ve been having a hard time with my mortgage. Thanks for sharing your experience. It’s consoling.

]]> By: Polly@st louis martial arts http://inthelimelight.net/2008/06/07/i-went-from-being-15000-in-the-hole-to-being-debt-free-in-six-months-and-you-can-too/comment-page-1/#comment-338 Polly@st louis martial arts Sun, 07 Jun 2009 05:51:40 +0000 http://inthelimelight.net/2008/06/07/i-went-from-being-15000-in-the-hole-to-being-debt-free-in-six-months-and-you-can-too/#comment-338 Hi Jon, Your post is encouraging. I am motivated how you sacrificed a lot just to pay your debts in just 6 months -- that's totally awesome. I just wish I can do the same, but I think it will take me a year or two before I could settle my debts. Hi Jon,

Your post is encouraging. I am motivated how you sacrificed a lot just to pay your debts in just 6 months — that’s totally awesome. I just wish I can do the same, but I think it will take me a year or two before I could settle my debts.

]]> By: Leon Huang http://inthelimelight.net/2008/06/07/i-went-from-being-15000-in-the-hole-to-being-debt-free-in-six-months-and-you-can-too/comment-page-1/#comment-337 Leon Huang Fri, 05 Jun 2009 04:18:44 +0000 http://inthelimelight.net/2008/06/07/i-went-from-being-15000-in-the-hole-to-being-debt-free-in-six-months-and-you-can-too/#comment-337 Great calculations. Sounds ironic but borrowing money costs you. :) Great calculations. Sounds ironic but borrowing money costs you. :)

]]> By: Steven http://inthelimelight.net/2008/06/07/i-went-from-being-15000-in-the-hole-to-being-debt-free-in-six-months-and-you-can-too/comment-page-1/#comment-334 Steven Wed, 03 Jun 2009 17:03:17 +0000 http://inthelimelight.net/2008/06/07/i-went-from-being-15000-in-the-hole-to-being-debt-free-in-six-months-and-you-can-too/#comment-334 If only people would take a step back and really look at the big picture, they would see banks and credit card companies, not as "friends", but more as opportunists. There's a reason they keep raising your credit card limit, and it certainly isn't to help you out. Steven If only people would take a step back and really look at the big picture, they would see banks and credit card companies, not as “friends”, but more as opportunists. There’s a reason they keep raising your credit card limit, and it certainly isn’t to help you out.

Steven

]]> By: Daniel http://inthelimelight.net/2008/06/07/i-went-from-being-15000-in-the-hole-to-being-debt-free-in-six-months-and-you-can-too/comment-page-1/#comment-332 Daniel Tue, 02 Jun 2009 04:00:55 +0000 http://inthelimelight.net/2008/06/07/i-went-from-being-15000-in-the-hole-to-being-debt-free-in-six-months-and-you-can-too/#comment-332 I don't know if it's realistic for some people to pay their debt off. The sad fact is they create so much debt with credit cards ect. that they can't dig them self out. I don’t know if it’s realistic for some people to pay their debt off. The sad fact is they create so much debt with credit cards ect. that they can’t dig them self out.

]]> By: Jonathan http://inthelimelight.net/2008/06/07/i-went-from-being-15000-in-the-hole-to-being-debt-free-in-six-months-and-you-can-too/comment-page-1/#comment-323 Jonathan Fri, 29 May 2009 01:29:15 +0000 http://inthelimelight.net/2008/06/07/i-went-from-being-15000-in-the-hole-to-being-debt-free-in-six-months-and-you-can-too/#comment-323 Hi Dan, Thanks for your comments. I would argue that car loan debt is not any better than credit card debt. Just as with credit card debt, you are paying interest on something that has already depreciated. That being said, a car is often a necessity, so a car loan is not automatically a bad thing, and for that matter neither are credit cards, so long as they are used properly. Even a mortgage is not necessarily a good debt.... Hi Dan,

Thanks for your comments.

I would argue that car loan debt is not any better than credit card debt. Just as with credit card debt, you are paying interest on something that has already depreciated.

That being said, a car is often a necessity, so a car loan is not automatically a bad thing, and for that matter neither are credit cards, so long as they are used properly.

Even a mortgage is not necessarily a good debt….

]]> By: Dan http://inthelimelight.net/2008/06/07/i-went-from-being-15000-in-the-hole-to-being-debt-free-in-six-months-and-you-can-too/comment-page-1/#comment-322 Dan Thu, 28 May 2009 20:46:10 +0000 http://inthelimelight.net/2008/06/07/i-went-from-being-15000-in-the-hole-to-being-debt-free-in-six-months-and-you-can-too/#comment-322 That is great! I wish all Americans would read this and follow your advice. Good debt like a mortgage or car loan is ok, assuming it is a reasonable loan for your income. But the credit card debt in this country is ridiculous. That is great! I wish all Americans would read this and follow your advice. Good debt like a mortgage or car loan is ok, assuming it is a reasonable loan for your income. But the credit card debt in this country is ridiculous.

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