Are you confusing wants with needs?

I spoke to a couple recently that told me they were going into debt because of a need. Upon further review it became obvious that the need was a want.

In today’s world we tend to get bombarded with commercials telling us we deserve this or that and need this or that. The reality is we don’t really need much at all when it comes right down to it.

On the other hand we want way more than we can possibly use.

Our needs are pretty simple: Food, shelter, transportation, work, love, friends, and family to name a few. Beyond the basics is simply a want. I want a vacation. I want a diamond. I want a newer, bigger car. I want a newer bigger house.

One of the most difficult things we can do is to deny ourselves. I once heard of a woman say, “I don’t deny myself anything.” Clearly, that’s a statement of wants not needs.

I firmly believe you can have anything you want within reason if you’ll just pay cash for it. If you pay cash you might have to wait a little bit, maybe even buy it used, but you can have anything if you’ll deny yourself long enough to pay cash for it.

That’s what debt free living is all about. Debt free living is denying your self long enough to pay cash for it.

What are the steps? 1) become debt free 2) pay cash for everything

It’s that simple.

To debt free living!

David…