I Did It! I am Now DEBT FREE!

My goal was to be debt free by April 2009, but I beat my own goal! Today I just sent off my very last debt payment of $2,420.68 to the last credit card I will ever have. Good bye American Express!

I did not think i’d be THIS excited, but I feel like I just got let out of prison. No more will the chains of debt be wrapped around my ankles.

Getting out of debt has been my sole focus for the past 21 months. I am very excited to say that I did it! I am finally debt free!

I cannot even begin to describe how different I feel now. It is like a big boulder has been lifted off my shoulders.

It all started in May 2007 when I decided it was time to do something about my debt. I did not know much of anything about internet marketing.

I decided that if I put my goal “out there” to the world that somehow I would meet it. I started my blog here.

At first I was involved in Get Paid To programs, but switched over to blogging and niche websites for more passive income.

I literally worked my behind off working 12 – 18 hour days 6 or 7 days a week. I was determined that I would meet my goal even if it killed me.

My family and friends thought I was crazy. They told me to file for bankruptcy and that I needed to get a “real” job. It just made me work harder and longer.

Blogging is NOT the quickest way to paying off debt. I could have done more things for active income along the way that could have increased my cash flow considerably, but I had a bigger picture in mind…

I wanted to eventually be able to get to a point that I would have enough passive income that it would in effect be a “retirement” for me. So instead of making a few hundred here or there in active income I was fine building up my passive income by small increments because I knew it was long lasting.

So now I am debt free AND I have passive income to boot! Not to mention a great portfolio of virtual real estate if I ever needed to sell them.

So what is the point of all my ramblings?

1. Set a financial goal and focus on it with great intensity. Don’t give up even when things get hard.

2. Build up some passive income that will bring you in money day after day long after the work is completed.

3. You CAN become debt free!

70 Comments so far

  1. Carrie on January 4th, 2009

    Congratulations!I am sure it feels really good to have paid your debt off.It is good to pay for a house with cash as when you pay the house off with cash you then have no mortage and therefore more money instead of a monthly mortage. :)

  2. Laurie on January 4th, 2009

    Congrats Amy! I wish I could follow your lead but unfortunately I don’t have the extra cash to invest in your teachings…wish I did. Maybe someday…

  3. scott on January 4th, 2009

    Congratulations AMY!

  4. D on January 4th, 2009

    That is soooo awesome! What a way to ring in the new year!

  5. Wendy Hanson on January 4th, 2009

    Congratulations Amy! That is so awesome. Your Mom is always bragging about how smart you are with money. Way to go. I’m proud of you too.

  6. Tracy on January 5th, 2009

    Congrats Amy! I have been following your blog since you started and am amazed at how quickly you did it. You obviously worked very hard and are very dedicated and determined.

  7. Jason on January 5th, 2009

    Well done Amy! I can only imagine what a huge relief it would be. :-) I’m looking forward to the same situation (albeit in a few years time).

  8. Debt Free Hispanic on January 5th, 2009

    WELCOME to the other side…I can say that I know how you feel.

  9. Katherine on January 5th, 2009

    Awesome! I read Ramsey’s book – you should be one of those stories to give others motivation.

  10. […] a longtime follower of the blog My Debt Free Goal and was thrilled for Amy when I read her post I am now debt free. She is such an inspiration. She made extra money online to pay off her debt. Reading this makes me […]

  11. syd on January 5th, 2009

    Wow! I remember back when you started at AC and I thought, ‘this will never happen’, but you really put your nose to the grindstone. I’m in awe.

    Congratulations, really.

  12. Kelvin N on January 6th, 2009

    That is FANTASTIC Amy! Congratulations!!

    I am a member of your Niche Blogger program and can honestly say that it is GREAT!

    I have a similar goal in that I have a 25k debt which I am looking to clear up before the end of 2009, the end of November 2009 to be exact. I have to get back to my wife in Thailand as soon as possible.

    If anyone wants to follow my progress, you can do so at Steps to be Debt Free.

  13. Amicus on January 6th, 2009

    Congratulations, Amy! I am so happy for you!

  14. Tim Rosanelli on January 7th, 2009

    Wow Incredible! I am so happy for you!

    Now, you’ll have to change the name of your blog from “My Debt Free Goal” to “My Debt Free LIFE”.

    Tim Rosanelli

  15. Erv on January 7th, 2009

    Hi Amy,

    God Bless You! I am sooooo proud of you! I’ve followed your exploits for over a year and a half now. In fact, you are the person who motivated me into getting into Internet Marketing.

    I’ve thought of you as a close friend I never met :) I’ve cheered you all the way and you rewarded me by proving that passion provides the motivation, never saying “quit” overcomes the obstacles, and the rewards for your efforts are beyond words.

    Many more blessing to you in the future!

    You “friend”,


    P.S. And I just KNOW you will have that paid-for house before you know it.

  16. Ian on January 7th, 2009

    Congrats Amy. We are all so proud of you. I can only hope to be in your situation myself soon.

  17. Krystal on January 7th, 2009

    Good job Amy. You truly are an inspiration, and I love reading you posts about your progress. I hope that you continue to be blessed and an inspiration to others. Keep it up! Lord Bless You and yours!

  18. Joy Smith on January 7th, 2009

    Congrats! I am working my way to paying off debt as well. I really haven’t set a goal, but I’m down to two credit cards unless I count the house payment! What will you do now that you’re out of debt? Will you still continue to update here?? I hope so. I love being able to see what’s new with you and your family!

  19. Joy on January 7th, 2009

    Congratulations Amy! Did you call Dave and holler “I’m debt free!” If you haven’t, you most definitely should and maybe you could even post the audio here. I would love to hear that phone call! Dave would be so proud of you!


  20. Kimberly Boman on January 7th, 2009

    Congratulations!!!! You truly are inspriation to me and so many of people. I discovered mydebtfreegoal in February 2008 and visited it frequently, you and your sites are truly amazing…keep up the great work!!!

  21. admin on January 7th, 2009

    Joy – I am now building up an emergency fund. Yes I will still post here. :)

  22. Annette Jensen on January 7th, 2009

    That’s My Girl!!!! I knew you would do it! I am so proud of you!

    love, mom

  23. Russ on January 7th, 2009

    That is great. I have gained inspiration from reading your blog and like many others have learned alot from your persistance. I am currently gaining traction with my plan. I look forward to reading more of your posts.

  24. Stacey on January 7th, 2009

    Congrats Amy!

    Wow, you’re truly an inspiration…you’ve given me hope! God bless!

  25. dyamondrose on January 7th, 2009

    You go girl! I am so happy for you!



  26. Leslie on January 8th, 2009

    Amy, that is so great, I’m so happy for you. I bet that you will save the money you need for a house in no time, just like you paid of your debt. I’m so proud of you. I’m working at eliminating the only debt we have: our mortgage. I hope to be able to do that in a couple of years too.


  27. Deano on January 8th, 2009

    Congrats, I’ve been reading your blog for a while (on RSS) and it is nice to see that you have acheived your goals.

    Not sure if I would call a mortgage a bad thing (see that as being different from a loan, as you need to pay rent anyway).

    That said if you can save up the money and buy a house for cash then good luck to you :)

  28. Jeff on January 8th, 2009


    Sincere congrats. If ever a person deserved this, it is you.


  29. Dee Foster on January 8th, 2009

    Amy this is so inspiring.. this is awesome. May God continue to bless you

  30. Debt Free or Bust - Sherri on January 8th, 2009

    WOO HOO!!! Pop the champagne and it’s time to celebrate! Congratulations, Amy!

    I’ve been following your story since the beginning and I can’t believe it’s already been nearly 2 years.

    I know you will have the money together to pay cash for a house really soon. Now that you owe no one for anything, you can sock that money away and have the house you want in a relatively short period of time.

    I do encourage you to save up money fast while housing prices are in the pits, even if you have to get a mortgage and then snowball it. You could save tens of thousands of dollars getting the right house for your family by taking on a small mortgage for a few years and paying it off early.

    A big down payment and a mortgage is different than unsecured debt. You have to pay rent to live where you’re living now, so if you had a mortgage payment that was the same or lower, and that payment could be made to go away pretty soon, it makes sense to switch the rent payment for the mortgage payment.

    I know Dave Ramsey doesn’t go into debt period, but with the housing bubble burst, foreclosures at a high and having plenty of cash for the down payment, moving and redecorating (painting, wall-paper and drapes), if you find the right house before you can pay cash and it’s at a lower price than you know it’s worth, I would take on the mortgage. But that’s just me. You have to do what is right for you.

    Congratulations, Amy. All our best,

  31. admin on January 8th, 2009

    Sherri – I have been wondering if I should try and find a foreclosure deal. If one pops up I may spring on it. ;)

  32. Zane S. on January 8th, 2009

    That is the most awesome news!

    You are a living example for us to follow…!


  33. Clefty on January 8th, 2009

    Congrats amy! What a huge accomplishment!

  34. Julie @ Write for eHow on January 8th, 2009

    Congratulations! That is an amazing accomplishment!

  35. Jen on January 8th, 2009

    Congrats Amy!!

    I remember your first couple posts over on the warrior forum!

    Something made me come over to see how you are doing.

    You are true testimony that it can be done and it’s great your teaching others!

    I still don’t know how you did this with 4 kids?!

    Great Job Girl!!!

  36. Jcp on January 9th, 2009

    Congratulations!!! I have been reading your blog for awhile now and what a way to start the new year!!!

  37. Denise G. on January 9th, 2009

    Hey Amy!!

    Congrats again–I’ve been following your progress pretty regularly for a year or so and have SO enjoyed being one of your students at NicheBlogger!

    You deserve this girl! Enjoy your new found freedom!

    Also, just for the record, Dave Ramsey doesn’t have a problem with taking on mortgages as long as they’re 15 year mortgages, with 10-20% down, and aren’t ARMS or interest only mortgages. :)

    All the best!

  38. Darrell Hagan on January 9th, 2009

    You’re a rock star kiddo!! Way to go!! Congratulations are certainly in order, and may the years to come be just as good for you and your loved ones. Gud Jawb!!!

  39. Frugal Dad on January 9th, 2009

    Congratulations! I’ve been following you for nearly two years now (since the days of the My TMMO boards). I know what you’ve gone through to get this debt off of your family, and it is truly inspiring. Incredible job!

    What will you now do with all this cash flowing in? Must be a great feeling not to send it to credit card companies, huh? I can’t wait–we should be debt free in 2009!

  40. admin on January 9th, 2009

    Frugal Dad – I am now moving on to baby step 3. ;)

  41. Katherine on January 10th, 2009

    Dave Ramsey also says to make sure you have your emergency fund built up and to start with your retiring savings before you think about buying a house, right? If Amy just got out of debt, that means the next step is to build up the emergency fund in its entirety. I’d definitely do that before worrying about a house.

  42. Kristi on January 10th, 2009

    Congratulations Amy. I am very proud of you. Way to inspire and motivate. Can’t wait to hear your “I’m Debt Free” call on Dave’s show. Have a blessed day and Congrats once again. : )


  43. […] past week she announced that she met her goal by several months and is now a debt free mom. I cannot tell you how hard it is to make money online but you really have to put a lot of time and […]

  44. My Crazy Debt on January 11th, 2009

    Congrats AMY! I knew you’d pay off the debt ahead of time! :-D

  45. Laura on January 12th, 2009

    Congratulations!! I’ve been following your progress since August, 2008 and I’m so impressed with your dedication and quick learning skills about all things earning online. Is your next step savings? Please keep posting your new projects on the blog.

  46. Amanda on January 13th, 2009

    Congrats, Amy! I’ve been following your blog for awhile now and I’m glad to see you’ve hit your goal already. You’ve really been a big inspiration to me and your success is well deserved. Have a great 2009!

  47. Michelle Adams on January 13th, 2009

    Congratulations Amy! You’ve certainly proven the saying “Where there’s a will there’s a way!”. I’m almost debt free but don’t own a house. You’ve inspired me to not only believe I can earn money online but enough to one day pay MOSTLY CASH for a house, what a feeling that would be!

    Thanks for the inspiration.

    Enjoy your new found freedom, it’s well deserved.

  48. Geekmom on January 13th, 2009

    That’s great! I hope to be debt free one day. It’s going to take awhile, but you’ve given me inspiration.

  49. Michael on January 13th, 2009

    You truly are an inspiration Amy, I am so glad for you and your family. There is no limit what you can do.

    Bless you and your family.


  50. Julie on January 13th, 2009

    Congratulation Amy! I have reading you since your started. Back than, it was throught My Lot I read about you. And now, just a couple a months later, you debt free! You are very courageous and I hope all your wishes will come true.


  51. E on January 15th, 2009

    Congratulations! What an inspiration!

  52. Eric on January 15th, 2009

    Congratulations! You are an inspiration!

  53. Brian on January 15th, 2009

    You were one of the key people that got me involved in internet marketing. I am so happy that you have been able to reach your goal – now reach for the stars!

  54. Tracy on January 18th, 2009

    Congratulations Amy! I’m so happy for you!
    Thank you for your continuing inspiration.
    All the best to you, Tracy

  55. Giz on January 19th, 2009

    Hey Amy, you look like a really fit bird (now that you’re debt free ;) Shame you’re already taken, I’d sure love to have had a personal lesson from you :)

  56. JW Thornhill on January 23rd, 2009

    You are AMAZING!!

    I have been following your blog since it started and closely observing your progress. Through Internet Marketing and niche blogging you have done what I haven’t seen anyone else do. If I had the time I would love to learn how you did it. Congratulations :)

  57. Carol Larson on January 28th, 2009

    Congratulations, Amy! I have been watching your progress from the beginning-WELL DONE! I would like to ask, where have you managed to earn the bulk of your income? Are you seeing any effect in your income from the economy? I have $191,000 of debt to pay off, myself, and although I am a full-time student, I am looking for a way to start putting a dent in this (what seems to be) insurmountable MOUNTAIN of debt working from home. I have subscribed to the Niche Blogger, but have not had time to take a look until now. I would appreciate any guidance and insight you could give. Thank you.

  58. cybercesz on February 4th, 2009

    you’re totally amazing AMY! Congratulations!

  59. Laura @ no more spennding on February 5th, 2009

    Congratulations Amy, you’ve worked so hard you deserve your success
    Laura x

  60. Iowa Freelance Writer on February 16th, 2009

    Great job! The fact that you managed so much in a relatively short time is nothing short of astounding, as is your dedication to your goals. Hopefully this will be an inspiration for others to do the same!

  61. Matt on February 27th, 2009

    Congrats! I hope to be able to have the same freedom you do! I just wish I could do it as quickly as you! I have to remind myself one step at a time.

  62. louise on March 12th, 2009

    congrats way to go

  63. Sheryl on March 15th, 2009

    Congrats Amy! I’m just now getting back on the bandwagon to becoming debt free!

  64. Jim on March 16th, 2009

    Congratulations Amy – You are an inspiration to MANY!

  65. Alan Oliver on March 30th, 2009

    I’ve only come across your post today, accidently. It’s great that you had such focus and determination. More power to you!

  66. Ethan Womack on April 4th, 2009

    Haven’t been back to this site in quite a long time. I read this post, and just had to comment again, saying congrats.

  67. RachelB on April 9th, 2009

    That is so cool. Great job!

  68. Tuttle on May 4th, 2009

    Is this site over? What other sites are you at? I would like to track your post debt goals, or, if your goal is to make $72,000 in 2 years now that you are debt free. UPDATES -gotta have’em.

  69. Guy Smith (AzSno) on May 17th, 2009

    Very nice Amy, it truly is “FREEDOM” to be debt FREE…

    Welcome to the “Club”


  70. Make Money Online To Be Debt Free on December 18th, 2009

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