094 Financial Excellence: My (Lame) Debt Free Story

Living In Financial Excellence

24 Jan 094 Financial Excellence: My (Lame) Debt Free Story


Financial Podcast for budgeting, debt free living and investing

Episode 94: How and Why I Got Out of Debt: My Lame Story, Jan 24, 2012.

Last week I was interviewed by Jon White on his Debt Free Living podcast about how my wife and I got out of debt and how we live without debt today. I’m pretty modest and I don’t think we have a sensational story, but it’s still worth sharing since we don’t talk about the specifics a whole lot on our show. Plus, it saved me a lot of prep time this week, so I’m taking the easy way out ;o).

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Show notes:

  • We have a new sponsor for the podcast. Mozy Pro for Business is a fast, simple way to back up your business so you don’t have to worry when your hard drive crashes.
  • I don’t often talk about our journey to freedom from debt on the show. Quite frankly I think it’s a boring story. I mean, we didn’t have tons of consumer debt when we started our journey. Having said that, we still had a moment in our lives where we decided we never wanted to owe anyone anything again.
  • We actually had been free of consumer debt before, but we for some reason thought that car payments were just a way of life. So, even though we were debt free except the house, we jumped right back into a truck payment. Boy was that stupid!
  • Now that we’ve matured financially, we realize we don’t want to ever owe someone again. We’ve learned to communicate about money and our priorities for money. We’ve learned to tell our money where to go. We’ve learned to be proactive with money instead of reactive.
  • Because we’re debt free, we have so many more options with our careers, our relationship, our retirement, and our giving. It’s a really cool place to be when you don’t owe anyone anything!
  • Jon let me do a shameless plug for my other business, Grate Outdoor Solutions, where we provide the coolest camping and outdoors gear on the market. If it isn’t cool, we don’t sell it. Thanks, Jon!
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2 Comments
  • Jon White
    Posted at 13:52h, 24 January

    Thanks again for being on the show Matt. It was a blast interviewing you. You might not have the most exciting story, but you still did it! Most people in your situation are comfortable with just being “OK” and don’t do anything about their situation until there is a crisis. It is great to see what you have been able to do now that you do not have any debt.

    • Matt Wegner
      Posted at 16:55h, 24 January

      Thanks, Jon. I appreciate the interview and the opportunity to be on your show!