A lot of people think it’s normal to have a couple of car payments, a mortgage payment and credit card payments. They just assume that’s part of the price for the “American Dream.” When you start talking to those people about the possibility of life without debt – even house debt – they’ll often look at you like you’ve got 3 heads or something.

But this clip from the Dave Ramsey show underscores why it is so important to not be a slave to the lenders. You never know what might happen in your life that could make things difficult, and being debt free when that happens is quite a blessing. Listen and learn from this caller in Dallas, Texas.