9 Characteristics of Debt Free People (How to Become Debt Free)

9 Characteristics of Debt Free People (How to Become Debt Free)

What characteristics make up the debt free community? Those who become and stay debt free aren't your typical people as so many in today's world become consumed by instant gratification and overspending. With debt payments devouring a large chunk of our paychecks, it's incredibly difficult to not only save up for future purchases but set aside money for wealth creation. This video covers some of the traits of people who are debt free and are able to sleep better at night and live a less stressful life because of it.

[JS-bnvx]

Just became debt free this week. It’s such an amazing feeling!

[skoopqueen.]

For years I struggled with outstanding debts, bills and my children's school fees. I was at a point where I wanted to give up. I came across every YouTube channel about how to make and multiply your income through passive income. Fortunately, I had saved some money and decided to start an investment, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t in investing

[qmakesithappen]

You described me to a T my friend! 1 year debt free here and I'm really enjoying the freedom. Great video Chris 💪🏽

[janiceweaver]

Debt free is stress free! Thanks Chris for this, it's good stuff.

[batman]

Having a partner with your same values is important. My wife drives a 25-year-old SUV that has peeling clear coat but still runs well (yes, I drive it on occasion, too 😀). We can afford to buy her another car, but we set a goal a couple years ago to knock out our last debt, which is our mortgage, by next year. We've been so focused on achieving our goal that we don't notice and just plain don't care how we may appear to others.

[nmccw]

Being debt free is greatest feeling ever.

[unorthodoxsavings]

I became debt free in the summer and I’m about to add more debt with my first real estate property😂 but I agree you shouldn’t compare yourself to others especially when it comes to money it’ll drive you insane. Great content as always

[SugarMamma]

great video Chris! Some great tips, I also believe setting goals is crucial in achieving financial security

[Shauneeful]

Working towards becoming debt free. It’s my #1 goal!

[misschanelxxx]

Thank you for this ! I’m 11899 away from being debt free ! However buying a house in 2 years with a 20% down payment

[JessieOpportunityCostInvesting]

Being debt free is worth the opportunity cost IMO. Thanks for sharing Chris, these are very important traits Im always looking to develop.

[Jaguar-lrjq]

Robert kiyosaki has entered the chatroom

[MONEYANDTIME]

Great info in dealing with debt. Like your animations. Supporting your work.

[MoneyWiseMOM]

Chris this is so helpful and inspirational. I am heartbroken by debt still have a little way to go but live for my debt free day!!!! Love supporting a fellow YouTuber keep up the great job!!

[gavinlocke]

Being Debt free is a massive goal of mine. Great video very true the points raised

[OhMyGoals]

Lots of great insight but I can definitely relate to the consequences of unplanned shopping! It took me a long time to get out of that all-too-common habit. I still shop but not mindlessly as I used to. Nice video!

[blahblah]

I'm blown away by this video its finally a youtube video that explains my brain

[GrowthMindsetProductions]

Chris, I think you nailed this right on the head...great job! Now being debt free isnt always a good think, if you own cash flowing real estate, having debt in hand is good for many reasons. First lien on property keeps attorneys away from taking your property because the bank gets the debt first, cash on cash is better, tax write offs for interests paid...and the list goes on. Cheers!

he he he thong bao nhiêu vậy chị cũng có cái này có ai đâu a ạ để

[naveenv]

Good Video on debt free lifestyle, need and luxury, mindset to build a stress free life.
I can personally relate to the video because i have overcome some of the problems like not tempting for temporary happiness which can drag me to debt. And been investing and on the way to pay off the debt, but at the same time not sacrificing all of the needs of the family. Most cases discuss with them and explain the pros and cons. So they can also understand that we can afford but it's not the right time. By this kind of mindset i m able to clear off my 60 percent of debt. Kudos to the video.