What motivates you to become debt free?

HairyHandofDartmoor

spud30 wrote: »

I would love to go on our first family holiday, before the kids are too old to want to come with us

I hope you get to have that holiday before too long Spud!

kristianwilliams

Oh yea, and I also want to go to Japan, has been my dream since a child. If I can pay off all my debts, it will take me only a year to go there for two weeks and really see everything. Thats my main goal. :j

blackangeluk

What motivates me.....

First of all, when we are CC and loan free, I will be £1000 a month better off to do with what I wish - actually come next Sept we will be throwing an addition an extra £500 at the debt - so long term we will be £1500 a month better off.

I want to be able to take our kids on holiday twice a year and show them places I never got to see. To buy things without feeling guilty, to have savings, to pay my mortgage off early, to say to my mum "why don't we go away for the weekend - my treat!"

I think most importantly to go to sleep at night not having to worry about sorting out the budget and making sure we have enough to last the month.

Peace of mind!

GreenNinja

TS_777 wrote: »

My biggest dream is to travel around the world on a boat. 99.999% that it will never happen, and there are so many reasons why: I don't have a boat, I never sailed in my life and my husband doesn't like it, but for some reason I keep dreaming of it. I close my eyes and feel the breeze and smell the seaweed and hear the waves..

I would like to live in a cottage or a farm and have a dog (like my youngest child asked me so many tomes) somewhere in Cumbria or other hilly place. Just to look at the sunset and listen to the birds... But if you live in a wild place how you survive if you are not rich? I guess you have to work then. But if it is a wild place than there is no jobs I presume? So it feels like another unrealistic dream so far.

I agree with Protector, you can learn! My brother in law recently has been down to Southampton to do a sailing course, he is now able to take the family out on a boat for a holiday or whatever, they are all good swimmers as well.

I think your dream and Protectors dream are fantastic and I truly truly believe that if you want something badly enough you can get it!!

Go for it! both of you. X

:beer:

protector

Haha - nice one Ninja.
Just make sure he's SUPER careful. One of the most dangerous things one can have is a bit of knowledge. Add that to a non-sailing crew (wife and kids) and you're potentially in a life changing (/ending) situation.

Get your sister to learn to sail to at least the same standard as him - if they ever get caught out in bad weather (and that will happen eventually) the ability to take turns on the helm could be the difference between being rested enough to think straight - and making the bad decision that turns a rough day into a living nightmare.
Sailing is serious business - pure freedom (subject to wind - haha) but not to be taken lightly.

As for the dreams...
Going for it as we speak (well, I'm skiving to type but aside from that) once this debt is cleared (in short order I hope) I'm saving for my first boat.
Most likely I'll get a Newbridge Corribee. It's a 7m (21ft) boat that can be towed on a trailer behind a car - though I'll probably have it in a marina as I have nowhere to store a boat here.
Nicely affordable and proven seaworthiness. I plan a circumnavigation (single handed) of Britain and Ireland to raise money for the RNLI. After that I work my way up to a real ocean cruiser and set sail for the horizon.



This is my immediate motivation. I'd buy this particular boat in a second if it was for sale as I know it has been WELL looked after (and has already been around Britain once) but I doubt it will be for sale any time soon - something just like it will do me nicely though.

Move_To_Portugal

I want to pay off my mortgage in the next five years and move to Portugal.

Good luck to every one else with their dreams

pinkkat8910

Just to have control of my own finances again and being able to treat myself to things and holidays without feeling guilty for 2 weeks afterwards - bliss

Gemmzie

I don't want to start my "adult life" in loads of debt, I want to be able to buy a house where I've grown up, I want to buy and do-up property as a hobbie.

For my parents, I want them to be able to retire comfortably, I don't want us to be on edge twice a month when the mortgage and secured loans go out because there might not be money to cover it.

SAFC73_2

nickiboop wrote: »

I want to pay off all debts and mortgage by the time I am 45 so that there is a possibility of one day retiring!

Like your sig, nickiboop. Have you been reading "how to be free" by Tom Hodgkinson????

To anyone else I would thoroughly recommend it. The book has helped me analyse what and where I want to go next in life. Which is, in essence, a reply to this thread

SarahNeedle1872

I want to be debt free because...

• I want my son to have a secure future, and I want him to have some money to buy a house/go to uni etc...
• I want to be able to afford to buy a house instead of rent, then concentrate on clearing tha as soon as possible. (I really wanna be a MFW )
• As someone else above said, I wan't my disposable income to actually be disposable (altho, I only wanna dispose of it into a savings account!)
• I want to be safe in the knowledge that if anything drastic happens to our family, there is some money that can be used for an emergency.

I'll add more as I think of them, its late now and I need my bed!