Hey debt fighters! Today we get to share in a celebration as Steve Stewart writes a Dear Debt letter to his mortgage. Steve is a fellow debt hater turned Financial Coach over at SteveStewart.me and is about to launch a new podcast about how to have “No Debt, No Credit, and No Problems”.
I remember meeting you in September 1999. I thought I understood you and all your tricks. What I didn’t understand was what you would become when you matured: Part of the 5/1 ARM Club.
It wasn’t until 2003 that I woke up and learned what was going on. The 5/1 ARM Club was a temporary thing, a fad – wasn’t it? That’s why my wife and I worked so hard to convert you into something more traditional – a fixed rate mortgage. BTW: Thanks for losing rate! It helped a lot!
As I learned more and more about money, I realized your friends were thieves! The car loan and credit cards were stealing our wealth. It was too easy to swipe for anything I wanted without stopping to think if it was actually in our budget. And the car loan never made sense to me either. I was just so stupid back then and thought debt was the only way to buy a car. #dumb
You weren’t happy when we banished them from our lives, especially since it allowed us to pay cash for the kitchen remodel and new windows instead of getting you a life partner: the HELOC and I just couldn’t hit it off!
Now it’s time for us to say goodbye. I know you didn’t do anything wrong – you stayed predictable and dependable the entire time. But the house will be so much brighter without a cloud of debt hanging over it. You want the best for us, right?
What? Wait. Hold on…stop it…STOP IT! I won’t listen to your excuses anymore!
Look, nobody is blaming you – it’s me.
I think I told you: I’m a saver, not a debtor.
The house is mine
The doggone house is mine
Don’t waste your time
Because the doggone house is mine