Comments on: A Great Way to Think About Paying Off Debt! https://eliteedgemoney.com/great-way-pay-off-debt/ Money | Minimalism | Mohawks Wed, 02 Dec 2015 12:07:41 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: J. Money https://eliteedgemoney.com/great-way-pay-off-debt/#comment-213188 Wed, 02 Dec 2015 12:07:41 +0000 https://staging.eliteedgemoney.com/?p=46555#comment-213188 In reply to Adam.

Ooooh that’s not morbid, that’s beautiful! And totally going to start thinking the same now too – thanks :)

That’s the main reason we got life insurance back in the day before kids – to cover the entire house and not have to worry about mortgages any more in the unlikely event. The last thing you want to be worrying about is your money when you lose a loved one!

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By: Adam https://eliteedgemoney.com/great-way-pay-off-debt/#comment-213121 Tue, 01 Dec 2015 16:52:09 +0000 https://staging.eliteedgemoney.com/?p=46555#comment-213121 Its morbid but I’ve always used my life insurance as my motivation. Every payment I make on my house is $XXX.XX amount that my wife and kids don’t have to use my life insurance proceeds for if something untimely should happen to me.

I just consider it a gift to them and it feels a little better each time.

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By: Stockbeard https://eliteedgemoney.com/great-way-pay-off-debt/#comment-213051 Mon, 30 Nov 2015 20:19:31 +0000 https://staging.eliteedgemoney.com/?p=46555#comment-213051 In reply to MrRicket.

Yeah, I love the “color a circle” idea :)

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By: J. Money https://eliteedgemoney.com/great-way-pay-off-debt/#comment-213046 Mon, 30 Nov 2015 19:49:11 +0000 https://staging.eliteedgemoney.com/?p=46555#comment-213046 In reply to Roy Largo @ Band of Savers.

BOOM!!!

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By: J. Money https://eliteedgemoney.com/great-way-pay-off-debt/#comment-213045 Mon, 30 Nov 2015 19:48:15 +0000 https://staging.eliteedgemoney.com/?p=46555#comment-213045 In reply to Tiffany.

hell yeah!

I’ve seen that done a few times before – absolutely love it. Our landlords wouldn’t, but the next time I go and buy a house you can bet this will bubble up in discussions with my wife :)

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By: J. Money https://eliteedgemoney.com/great-way-pay-off-debt/#comment-213044 Mon, 30 Nov 2015 19:44:04 +0000 https://staging.eliteedgemoney.com/?p=46555#comment-213044 In reply to Sandy.

I’m so glad!! Thank you so much for inspiring the post and giving me something juicy to write about :) It was really fun to put together.

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By: J. Money https://eliteedgemoney.com/great-way-pay-off-debt/#comment-213043 Mon, 30 Nov 2015 19:41:47 +0000 https://staging.eliteedgemoney.com/?p=46555#comment-213043 In reply to Freedom 40 Guy.

There’s no rules with this stuff at all, so i say go with whatever’s going to get you to actually DO IT and not burn out in the process :) More important to me is staying passionate and keeping down a posting schedule.

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By: J. Money https://eliteedgemoney.com/great-way-pay-off-debt/#comment-213042 Mon, 30 Nov 2015 19:39:24 +0000 https://staging.eliteedgemoney.com/?p=46555#comment-213042 In reply to InsiderAccountant.

Maybe she likes to feel the sting? That’s why I manually pay some of my bills like my mortgages… when it’s automated I don’t notice or feel anything (though I suppose you can still pay online vs sending in a check…)

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By: J. Money https://eliteedgemoney.com/great-way-pay-off-debt/#comment-213041 Mon, 30 Nov 2015 19:36:02 +0000 https://staging.eliteedgemoney.com/?p=46555#comment-213041 In reply to katherine.

Then I could actually make it = a million dollars too vs just $1 bills :)

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By: J. Money https://eliteedgemoney.com/great-way-pay-off-debt/#comment-213040 Mon, 30 Nov 2015 19:34:54 +0000 https://staging.eliteedgemoney.com/?p=46555#comment-213040 In reply to Maggie @ Northern Expenditure.

Haha good point!

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