I Vowed to Write to You Once We Were Debt Free

Dear Scott,

Ten years ago, my wife and I were drowning in debt, with a big mortgage and maxed-out credit cards. I came across a copy of your (first) Barefoot Investor book and vowed to change our circumstances and write to you once we were debt free. Well, this week, 10 years on, in our early 40s, we paid the final instalment on our home loan. We have also built a healthy share portfolio and have not used a credit card in 10 years. It is the most amazing feeling to get there. We are debt free, and we sincerely thank you.

Dom

That has made my week.

But let me tell you: it has nothing to do with me (well, apart from a little at the start).

It’s you who did it, internalised it, lived it. You are freaking amazing.

Most people don’t stick to anything, ever. The fact that you were able to do this for 10 years … that’s incredible.

You pulled yourself out of a pit for 10 years!

Now, here is my prediction: if you can stick to something for 10 long years, the next 10 years are going to be really exciting for you. Because, if you continue doing what you’re doing, you’re going to build serious wealth for yourselves (rather than the bank).

With the dedication you’ve shown, I want you to email me in another 10 years’ time and tell me you’re millionaires. You deserve all the success in the world. I’m really proud of you.

Scott