Eighteen months ago Morris and I embarked on a journey to become debt free. As a couple, we had acquired $58,000 worth of debt in student/car loans. Someone told us about the perils of debt, and how it enslaves you and prevents you from building wealth. The someone was Dave Ramsey.
Dave says that if you’ve gone into debt, you need to work as hard to get out of debt as a gazelle works to run from a cheetah. He references Proverbs 6, it says:
My child, if you have put up security for a friend’s debt
or agreed to guarantee the debt of a stranger—
2 if you have trapped yourself by your agreement
and are caught by what you said—
3 follow my advice and save yourself,
for you have placed yourself at your friend’s mercy.
Now swallow your pride;
go and beg to have your name erased.
4 Don’t put it off; do it now!
Don’t rest until you do.
5 Save yourself like a gazelle escaping from a hunter,
like a bird fleeing from a net.
So, we got gazelle intense.
We stuck to a budget. We downgraded our dates to Chipotle, Chick-fil-A, and Subway. We sacrificed trips. We checked out movies at the library, lived in a studio apartment, we made our lunches for work…and this week made our final student loan payment. And, now we are debt-free! Here is a video of Dave explaining Gazelle Intensity.