• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Camp FIRE Finance

Camp FIRE Finance

A personal finance community for those seeking FIRE, by those seeking FIRE

  • What is FIRE?
    • The FIRE Movement
    • A Newbies Guide to FIRE
    • The Rule of 25
    • The 4 Percent Rule
  • FIRE Blog
  • FIRE Newsletter
  • FIRE Feed
  • FIRE Directory
    • Add Your Site to the Directory
  • FIRE Calculators
    • FIRE Calculator
    • Retirement Costs Calculator
    • Break Even Point Calculator
    • Time Currency Calculator
  • Show Search
Hide Search
You are here: Home / Archives for Debt Elimination

Debt Elimination

Debt Elimination

ELIMINATE AND AVOID DEBT

One of the most important things you can do in your journey to reach financial independence is to eliminate and avoid debt.

ELIMINATE DEBT

If you're like nearly every other American (and Canadian), then you're in debt - and that means that a portion of every single dollar you earn belongs to someone else. The more debt you have, the more your money belongs to someone else.

So you go to work to earn money to pay back your debts - it's a vicious cycle and you end up getting worked to death.

Forget that! Pick a debt elimination strategy, even if it's a different kind of plan, and eliminate your debt ASAP.

AVOID DEBT

Once you've eliminated your debt you should avoid debt like the plague. Debt is the great killer of wealth. Think for just one second how great life would be if you could just keep the money you make?!

Cash would start to pile up faster than you realize! In fact, when you get to keep the money you make it's possible to thrive on a single income (even if you're in an expensive city).

In your quest to reach FIRE it is vital that you eliminate and avoid debt! So click through some of the posts and articles below to find more useful information that can help you eliminate and avoid debt!

5 Awesome Ideas for Building Long Term Wealth

June 17, 2019 By Amy Beardsley   1 Comment

Building long term wealth is the cornerstone of the FIRE movement, but it takes more than cutting back how much you spend on groceries to get there. While watching your budget and keeping your expenses down help, you need lasting wealth if you hope to achieve financial independence.

So, what’s the secret to lasting wealth? Unfortunately, if you’re searching for the mystic yellow brick road leading to success, you’ll be disappointed.

Building Long Term Wealth

[Read more…] about 5 Awesome Ideas for Building Long Term Wealth

The Basics Steps I Used to Reach Financial Freedom

May 15, 2019 By Inna Rosputnia   Leave a Comment

They say money doesn’t make you happy, but I can’t fully agree. Who doesn’t want to reach financial freedom? I love money, and I believe it’s normal. We all work to earn. How else can you achieve financial freedom? However, money is not a goal; its an instrument to make your dreams come true, to live a fulfilled life, travel, be able to pay kids education and finally retire.

Money is simply a necessity like food or water, it helps you buy the things you need.

[Read more…] about The Basics Steps I Used to Reach Financial Freedom

5 Simple Tips to Fix Your Finances

April 16, 2019 By Lucas H. Parker   Leave a Comment

If you’re like most people, financial independence is your ultimate financial goal.  The road to a financially care-free lifestyle requires planning and dedication and even a bit of luck.  But you may need to fix your finances today, before you can plan for a financially secure tomorrow.

Fix Your Finances

[Read more…] about 5 Simple Tips to Fix Your Finances

5 Outdated Financial Rules that Need to be Broken

March 24, 2019 By Ty Roberts   1 Comment

These outdated financial rules were created by previous generations, but no longer hold true in today’s world.If you’re interested in achieving financial independence and early retirement then you need to consider breaking these 5 outdated financial rules.

outdated financial rules you should be breaking

[Read more…] about 5 Outdated Financial Rules that Need to be Broken

From Overburdened with Debt to Debt Free Within 3 Years

March 12, 2019 By Good Nelly   1 Comment

Debt Payoff Journey

Today, I am going to share with you a story from our financial journey.  It’s about our debt payoff journey and how we overcome financial struggles that shaped the financial life we have today.

If you think that our financial lives were a smooth ride, you’re wrong. In spite of being a personal financial adviser now, once we struggled to repay debt.

This is our story.

[Read more…] about From Overburdened with Debt to Debt Free Within 3 Years

  • Page 1
  • Page 2
  • Page 3
  • …
  • Page 8
  • Next Page »

Primary Sidebar

Kindling – our weekday email

Random FIRE Articles

My 10 Step Plan to Get Rich Quick’ish and Retire Early

Who doesn't want to get rich quick then ride off into the sunset to live the life of their dreams? I do - that would be awesome! And based …

How To Get A Bigger Raise at Work

How To Effectively Double Your Next Raise At Work

Want to get a bigger raise at work?  Ever since I started pursuing FIRE I've done one little thing that's helped me to effectively DOUBLE …

If You’re Blogging For Money, Get The Money Part Right

Blogging for money is a popular side hustle. That's because a blog can be up and running, with ads, is under an hour. And because the …

Camp FIRE Finance

© 2019 Camp FIRE Finance. All rights reserved.

Terms of Service · Privacy Policy · Do Not Sell My Personal Information · Contact

  • About Camp FIRE Finance
  • FIRE Newsletter
  • Camp FIRE Finance Badges and Logos