Debt-free living. That has a pleasant ring to it, doesn’t it. Those three simple words have a way of invoking a sense of freedom. They clash with today’s norms of mortgages, high interest rates, credit card and consumer debt - where we spend, spend, spend on someone else’s dime in a thrillingly euphoric (and often expensive) period of grace.
But that grace period ends when the creditors come to call. Ultimately, we are brought to account for our indebtedness. The time comes to pay back (with interest). We become enslaved to paying for our playing. At the least, debt can be a burden, but when i...