Anyone know how to live debt free?

Is it really possible for a glutenous American who wants everything now with no consequences later able to turn the tide? Ok, let me explain... First of all, have you ever heard of the Duggar family? http://www.duggarfamily.com/ I think the family is incredible and has something really special going on. For... show more Is it really possible for a glutenous American who wants everything now with no consequences later able to turn the tide?

Ok, let me explain...
First of all, have you ever heard of the Duggar family? http://www.duggarfamily.com/ I think the family is incredible and has something really special going on. For one thing, they made a commitment to live debt-free.

What exactly does that mean? Everything they own is bought and paid for, including a 7000 sq.ft. home. WOW. o_O That blew my mind. I would so love to have that kind of discipline. I can't tell you how sick I am of the whole credit "game".

I mean, do you realize how long it would take me to save 150,000 to pay for a house living off of 60,000/yr combined income? The most I could save annually is about 20K. That would take me roughly 8 years living meagerly, no vacations, no extras. ...but then again, I would OWN my home outright. I dunno...

Is there anyone out there that lives by these principles (that isn't wealthy...just average) that could give some insight into this lifestyle?
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