Wednesday, June 18, 2008

Article of the Week: 10 families no credit card debt

I found a very interesting photo gallery-article on CNNMoney.com today. It features 10 families without any debt.

http://money.cnn.com/galleries/2008/pf/0806/gallery.sans_plastic.moneymag/index.html

Most impressive to me was the last family:


"The Moment: Two years ago, the Lees were $270,000 in debt. Then one day at a flea market they saw a sign that read, "Live Simply." They bought it, hung it inside above the front door of their house and decided to drastically change their lives.

They sold just about everything they owned - including their house - paid off all their debt and now have a net worth over $100,000. "We look at [the sign] as a reminder every time we leave the house," says Chris. "


It was also very cool to see fellow blogger - Leo Babauta (the Author of Zen Habits ) - be featured as well.

If you need some inspiration on getting out of debt, definitely check out this article.

3 comments:

Andrea Smith said...

No matter what type of debt you have accumulated, there are debt consolidation management programs out there that will provide solutions. Thanks for the article!

Sofia Kim said...

Credit card debt is on its all time high with today's economy. Hopefully people can obtain the help they need to get out of debt. Thanks for the article!

Reggie said...

NO problem Andrea & Kim. Thank You for reading!