“To free yourself from worries, free yourself from debt.” – the Wealthy Gardener
LESSON 5-4 REMINDER: DEBT
Video transcript: It has been said that the only reason a great many American families don’t own an elephant is because they’ve never been offered an elephant for a dollar down and a number of low monthly payments.
Earl Wilson observed, “Today, there are three kinds of people: the haves, the have-nots, and the have-not-paid-for-what-they-haves.”
These are funny quotes, but the subject of debt is not funny to anyone who is shackled by it. In fact, debt is a master that chains the workers to the wages.
Too many people take on personal debt based solely on monthly payments. It is an especially dangerous practice in the purchase of an education, home, vehicle, and even furniture. The payment system is the devil in disguise.
Debt robs the future of time and money. It chains the worker to the wages. But you can wage a war––a five-year crusade––to regain your freedom.
Imagine being debt free in five years. Now see yourself paying an extreme sacrifice of time during these years. You work like a maniac. Imagine yourself cutting your expenses, living below your means––living to gain freedom.
At the end of these five years, you’re debt-free. How would you feel? Would you feel like the sacrifice was worth it? Or do you think you’d look back, debt-free, and regret all the television, golfing, and relaxing you missed?
The way to gain freedom is to temporarily give up all freedom. Use each day’s waking hours to pay the price for debt reduction.
Debtors suffer the pain of sacrifice or the pain of slavery. To free yourself from worries, free yourself from debt.
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