I was listening to the Financial Independence Podcast recently and one of the people being interviewed said something that made me stop and think.  “The less you buy, the less you need.”  This struck me because it’s so simple. It’s so simple and 100% true.


The less you buy, the less you have to maintain. The less you buy, the less you need the money to pay for it.  When you’re not using credit cards, you don’t need the income to make the payment every month.  Pretty straightforward.


I’ve noticed this to be very true in my own life.  After paying off my credit cards, car loan, student loans, and after getting rid of 50% of my stuff, it’s taught me that I can live an abundant life with very little.


I give this lifestyle shift most of the credit for giving me the ability to leave my 9-5.


There were many reasons I was able to leave my job to freelance, but a big reason was that I didn’t have debt and my expenses were LOW.  I don’t need a giant income to pay the bills, save for the future, and have some fun.  That alone takes away a lot of the worry that comes with quitting your day job.


My husband and I live 100% debt free.  Our cars are paid for, there are no student loans, and I haven’t paid interest on a credit card in well over 5 years.   If there is something we want but don’t have the money for, we don’t buy it.  If it’s a necessary thing, we either find an alternative that costs less or start saving for it.


Here are a few things we do in order to make sure we never need to go into debt to live our lives.


  • Built a substantial savings account: at least 6 months of expenses
  • Set money aside for things you know you’ll need in the future- insurance, car maintenance, travel, dogs (vet visits and grooming is expensive!)
  • Make a budget so you know where your money is going
  • Be grateful for what you currently have
  • Be resourceful- use the library, walk when you can, DIY things.


Living debt free has completely changed my perspective on how I want to spend my time and what I’m willing to sacrifice in exchange for money.


Trust me, I still enjoy the finer things.  I like a nice pair of jeans, I enjoy a nice dinner out, and I want to travel the world!  The list goes on.  There are boundaries that you have to make with yourself  that will allow you to buy the things that bring value into your life.


We don’t own a home yet, but it’s something we are interested in perusing in the future.  Considering we just paid off Steve’s student loans this past January, we are going to wait and save up more before considering such a big purchase.  Home buying freaks me out because I am so debt-averse.  I have a hard time wrapping my head around how this will make me feel, but we’ll save that for a separate post!


“A wise person has money in their head, but not in their heart” – Jonathan Swift


Are you thinking about leaving your job to run a business?  How will your finances be affected? Comment below =)


Thanks for Reading,