Friday, 10 November 2017

Actual Debt Freedom Day!

Today is the actual day that a dream that I have been working towards for years now has truly been realized.

My last payment on my last debt (credit card) has gone through and been posted. I am now, as of this morning, officially debt free.

It is a relief, yet I am not celebrating. No, this is not due to the fact that I am overly goal oriented. 

Sure, I am looking to my next goal, but that is not the reason. I am debt free, sure, but I have no cash reserves. 

At this moment, if some large fiscal calamity were to happen or if I were suddenly unemployed, I would be at risk of starting this cycle of debt again.

I would have no choice but to live on my credit cards again, as I have no other option.

That is why I am living as frugally as I can (within reason) and put as much cash into my savings account as I can. 

I want, no I need, to break the cycle of money and never-ending debt. I will continue to move forward and build my savings for myself and my future (and future family). 

I do this to not only prevent myself from falling into the trap of never-ending debt again, but so I can truly move forward towards my next dream: 

Founding a self-sufficient, off-the-grid, town, whose overarching goal will be to further: science, technology, knowledge and understanding.

First things first, break the cycle of never-ending debt (then build the future).

As always: Keep your head up, your attitude positive, and keep moving forward!

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