Comments on: What Could I Sell For Debt Freedom? http://frugaldad.com/2009/01/03/sell-all-material-possessions/ Money Saving Insights: Coupons, Smart Spending and Promotional Codes Sun, 12 Feb 2012 17:23:02 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Jane Brooks http://frugaldad.com/2009/01/03/sell-all-material-possessions/#comment-33714 Jane Brooks Sat, 14 Nov 2009 04:16:02 +0000 http://frugaldad.com/?p=1115#comment-33714 I searched the internet trying to find an article to help me come to terms with selling most all of my worldly possessions. It is a very humbling experience and an experience that makes you come to terms with yourself and why you spent money and threw money away on all of those expensive things. I would be lying if I said I still am having to come to terms with why I needed expensive things--was it an ego need--or just because I like nice things--Regardless, I am selling most all of my things--someone said once--be grateful you have things to sell and I am. My next decision is whether to sell my car-and literally not have one. Selling my things is not getting me totally out of debt -it is somewhat making it possible for us to live. Won't keep going on but thinks for your article and it helped me so much as I was sitting here packing to move to a 875 square ft place--but YES if someone would knock on my door and say you are debtfree if you give me all your things--I would say have at it because the stress is killing me. I searched the internet trying to find an article to help me come to terms with selling most all of my worldly possessions. It is a very humbling experience and an experience that makes you come to terms with yourself and why you spent money and threw money away on all of those expensive things. I would be lying if I said I still am having to come to terms with why I needed expensive things–was it an ego need–or just because I like nice things–Regardless, I am selling most all of my things–someone said once–be grateful you have things to sell and I am. My next decision is whether to sell my car-and literally not have one. Selling my things is not getting me totally out of debt -it is somewhat making it possible for us to live. Won’t keep going on but thinks for your article and it helped me so much as I was sitting here packing to move to a 875 square ft place–but YES if someone would knock on my door and say you are debtfree if you give me all your things–I would say have at it because the stress is killing me.

]]> By: david http://frugaldad.com/2009/01/03/sell-all-material-possessions/#comment-23287 david Wed, 22 Apr 2009 11:03:02 +0000 http://frugaldad.com/?p=1115#comment-23287 if you start over from scratch, you'd be homeless, tim. you could buy a new bed, but would have to sleep on that nice, clean, new mattress... on the sidewalk. and that tv? you ain't plugging it in anywhere. obviously this illustration can only go so far. (and renting sucks. trust me, i live in manhattan--no saving money there.) now aside from that caveat, this is a nice idea on living simply. i think it's an interesting reaction to the us economic/cultural system that's been working itself out for a long time now. also, more importantly: talk to a financial adviser. THOSE guys actually know how money does/n't work in our system. debt free is a great concept. paying only with cash is just as great. actually you can do that, and my wife and i do, even though we pay with our debit cards. we buy a few things on credit, but promptly pay them off. nothing major though, just our college educations (we both have master's degrees, and are both considering phds). the realistic form of what you're talking about, is trimming down (most americans need to do this in more than one way), and not purchasing unnecessary things. too often, people just don't simply think about what their hands are doing. if you start over from scratch, you’d be homeless, tim.

you could buy a new bed, but would have to sleep on that nice, clean, new mattress… on the sidewalk. and that tv? you ain’t plugging it in anywhere. obviously this illustration can only go so far.

(and renting sucks. trust me, i live in manhattan–no saving money there.)

now aside from that caveat, this is a nice idea on living simply. i think it’s an interesting reaction to the us economic/cultural system that’s been working itself out for a long time now.

also, more importantly: talk to a financial adviser. THOSE guys actually know how money does/n’t work in our system.

debt free is a great concept. paying only with cash is just as great. actually you can do that, and my wife and i do, even though we pay with our debit cards. we buy a few things on credit, but promptly pay them off.

nothing major though, just our college educations (we both have master’s degrees, and are both considering phds).

the realistic form of what you’re talking about, is trimming down (most americans need to do this in more than one way), and not purchasing unnecessary things.

too often, people just don’t simply think about what their hands are doing.

]]> By: 444 http://frugaldad.com/2009/01/03/sell-all-material-possessions/#comment-15708 444 Mon, 12 Jan 2009 18:24:07 +0000 http://frugaldad.com/?p=1115#comment-15708 We've actually been doing it. The problem is, as someone mentioned above, it's about 3 cents on the dollar for things like a well-worn sofa and that's the majority of what we have. But my husband sold an amplifier I bought him less than a year ago - I think he used it once or twice - and got about 50 or percent of what we paid. This was done only after we considered, balked at, and rejected the idea several times due to the differential in price paid and price received. Unfortunately, that's how fast even top-notch goods depreciate because people would buy them from the store if they were going to pay full price. But for the $350 we got, we paid off 3/4 of a credit card and rustled up the money to pay the rest and that's one card gone. We’ve actually been doing it. The problem is, as someone mentioned above, it’s about 3 cents on the dollar for things like a well-worn sofa and that’s the majority of what we have. But my husband sold an amplifier I bought him less than a year ago – I think he used it once or twice – and got about 50 or percent of what we paid. This was done only after we considered, balked at, and rejected the idea several times due to the differential in price paid and price received. Unfortunately, that’s how fast even top-notch goods depreciate because people would buy them from the store if they were going to pay full price. But for the $350 we got, we paid off 3/4 of a credit card and rustled up the money to pay the rest and that’s one card gone.

]]> By: How Far Would You Go To Pay Off Debt | artofthecoupon.com http://frugaldad.com/2009/01/03/sell-all-material-possessions/#comment-15493 How Far Would You Go To Pay Off Debt | artofthecoupon.com Fri, 09 Jan 2009 13:00:27 +0000 http://frugaldad.com/?p=1115#comment-15493 [...] you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!Frugal Dad asked his readers whether we would sell all of our stuff to be debt free.  My assets don’t [...] [...] you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Frugal Dad asked his readers whether we would sell all of our stuff to be debt free.  My assets don’t [...]

]]> By: Eric http://frugaldad.com/2009/01/03/sell-all-material-possessions/#comment-15434 Eric Thu, 08 Jan 2009 17:16:41 +0000 http://frugaldad.com/?p=1115#comment-15434 I think that I would do it. Except for a drawer full of clothes, necessary hygiene products, a table, chair, bare bones sheets and towel set, cot or bed, basic kitchen appliances/tools and food stuffs, you could have all the rest in exchange for complete debt freedom. I think that I would do it. Except for a drawer full of clothes, necessary hygiene products, a table, chair, bare bones sheets and towel set, cot or bed, basic kitchen appliances/tools and food stuffs, you could have all the rest in exchange for complete debt freedom.

]]> By: Jesse Bouche http://frugaldad.com/2009/01/03/sell-all-material-possessions/#comment-15385 Jesse Bouche Thu, 08 Jan 2009 05:54:40 +0000 http://frugaldad.com/?p=1115#comment-15385 Great question! I'd do it in a heartbeat, except I stupidly spent my debt on school, restaurants and travel, not stuff. Great question! I’d do it in a heartbeat, except I stupidly spent my debt on school, restaurants and travel, not stuff.

]]> By: Moneymonk http://frugaldad.com/2009/01/03/sell-all-material-possessions/#comment-15374 Moneymonk Thu, 08 Jan 2009 00:14:40 +0000 http://frugaldad.com/?p=1115#comment-15374 This question might not concern me because Im not in debt, but if I was, I would just do it the old fashion way and pay it off via cash flow not selling This question might not concern me because Im not in debt, but if I was, I would just do it the old fashion way and pay it off via cash flow not selling

]]> By: Jordan http://frugaldad.com/2009/01/03/sell-all-material-possessions/#comment-15359 Jordan Wed, 07 Jan 2009 19:10:12 +0000 http://frugaldad.com/?p=1115#comment-15359 In a heartbeat, or faster. Anyone who says otherwise is simply not ready to be debt free. If you have your mind and your health, you can always, always earn more, and buy more later. In a heartbeat, or faster. Anyone who says otherwise is simply not ready to be debt free. If you have your mind and your health, you can always, always earn more, and buy more later.

]]> By: Jason from MoneyTheory http://frugaldad.com/2009/01/03/sell-all-material-possessions/#comment-15248 Jason from MoneyTheory Tue, 06 Jan 2009 09:25:32 +0000 http://frugaldad.com/?p=1115#comment-15248 I think that in many ways, having little or no debt can make a person feel much more comfortable and content than the feeling that having the nicest material possessions may make some feel. Personally, I feel much better putting money into my savings account than I would feel if I went out and bought something nice for myself. I have been in credit card debt before, paid it all off long ago, and would never want to go back to that point, even for all the nicest possessions in the world. I think that in many ways, having little or no debt can make a person feel much more comfortable and content than the feeling that having the nicest material possessions may make some feel. Personally, I feel much better putting money into my savings account than I would feel if I went out and bought something nice for myself. I have been in credit card debt before, paid it all off long ago, and would never want to go back to that point, even for all the nicest possessions in the world.

]]> By: Rick http://frugaldad.com/2009/01/03/sell-all-material-possessions/#comment-15220 Rick Mon, 05 Jan 2009 22:56:55 +0000 http://frugaldad.com/?p=1115#comment-15220 Where would you like it sent? Where would you like it sent?

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