Personally,
I define ‘financial peace’ as a paid for home, needs met, no debt, and never
having to stress about money. In life I
have many financial goals that I have compiled together into a “bucket list”.
The first item on my bucket list would be never to get a
credit card. I have grown up reading several Dave Ramsey books and listening to
his talk show. This has opened my eyes on how easy it is to drown in debt. Mr. Ramsey has expunged that getting a
credit card guarantees debt and that is something I do not wish to deal with in
life.
Along with not having a credit card I would like to pay
for my future home with cash only. Instead of needing a down payment and having
to worry about paying off my house debt for several years I’d rather cut a check
to the seller. By doing this I would own the house and not have to ration my
money.
The final item on my bucket list would be to provide for
my family as they have provided for me. My parents have spent thousands of
dollars on my wellbeing and happiness over the past 18 years. I know I cannot
teach them how to cut a steak or how to play golf, but I can use my financial
success to help pay for things they need and surprise them with things they
want.
Living a life where I am smart with money is something
that I aim for every day. I never want to worry about feeding my future family
or have to deny myself from occasional wants due to having numerous debts. I
plan to follow my bucket list to the T.
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