What Could I Sell For Debt Freedom?

Here’s an interesting question for you.  Would you sell all of your material possessions to become debt free (excluding things like family heirlooms, pictures, etc. that could not one day be replaced)?  If someone knocked on your door today and said, “I’ll write a check for you to be debt free in exchange for every piece of furniture, all of your clothing, electronics, etc,” could you do it? And then ask yourself, what could I sell of enough value to pay off debts?

I know it is a crazy idea, but it is something my wife and I were discussing the other day as we begin the long and painful journey of cleaning out some of our clutter, putting away Christmas decorations and beginning to think long term about how to downsize to a smaller home.  I told my wife at some point that I wish we could simply “start over; with a clean slate,” and that I would be willing to give away just about everything we’ve ever bought to get there.  She agreed, to a point.

For those of you like us still clawing your way towards debt freedom, imagine how it would feel to be debt free before your went to sleep tonight?  Feel lighter?  Sure, you would be sleeping on the floor, or on an old mattress, but you wouldn’t owe anyone a dime. Tomorrow you could venture out and buy a small bed with cash, and maybe a card table and a few pots and pans to cook.  With your next paycheck you could pick up a used sofa, and maybe a small television.  You would literally be starting again from scratch.

Unfortunately, it is nearly impossible to go back and get a “do-over” when it comes to wiping away debt (excluding options such as bankruptcy).  The goodies we bought years ago on credit are no where near the amount we paid for them thanks to depreciation, so even if we sold everything we ever bought on credit cards we likely could not get back to zero.

However, many of you do have large assets that you could sell and be debt free.  To you I ask, have you ever considered selling that boat, or that paid-for car, or that vacation home, and walking away debt free?  What’s stopping you?  Many would point to low-interest loans used to acquire things, and point out that they get enjoyment from such items and would miss them.  I get that.  But for me the idea of becoming debt free overrides any attachment to things.

So, to answer my own question, yes, I could sell everything to become debt free. I would start over paying cash for everything I purchased, the way it ought to be done.  We would search yard sales and Craigslist for used appliances, furniture, etc. and simply “make do” until we could slowly upgrade our stuff.  Before the days of credit cards, this is how people accumulated things.  But somewhere along the way we all got sold on the idea that we can have everything we want now.  And so we’ve traded debt freedom for stuff.

Interested to hear your feedback on this question:  Would you sell all material possessions for debt freedom?


  1. Interesting question. It constantly amazes me how much money I spend on things that seem like they are worth it at the time only to regret it later. The transformation from desired, valued item to clutter happens very suddenly.

  2. I’m well over student age and I regularly get rid of things, but I wouldn’t sell everything. There are many things I own that help my life a lot, like my laptop, that are much cheaper to own this old one than buy a new one.

    It’s a good idea, though, to get rid of as much as you possibly can. Anything that’s not helping your life right now can be ditched.

  3. We don’t have any consumer debt – it would weigh too heavily on my mind. If we did have consumer debt, I would say yes, I would sit on milk crates and sleep on the floor to make it go away and get my peace of mind back (if not for the kids – they require a minimum level of comfort). My husband says no way, he would not do it. He would find a second job first.

  4. In 2003 I had a great house, promising career, gadgets, car, life and everything a person could want. On my birthday in January 2004 my career ended when the layoff notice came.

    Being in my late 30s and having a corporate title that nobody could figure out, I went looking for a job. A year later the money was running out and the house had to be sold, including the contents. No one would hire me, not even at the grocery store or gas station.

    The car was packed with a laptop and a few personal things before a move cross country in search of employment.

    Eight months later and still no job I started to sell what was of any value just to survive. Nevermind the monthly bills for the debt that followed me. Jewelry, personal items, everything, just to get back across country.

    Again no jobs because “I might find something better and move on”. Something better? Friends wired me money for gas to get back home and to be able to eat every few days. The depression of going from the top to below zero was mind numbing.

    My best friends took me in, penniless, literally unable to buy food. Three months later and completely destitute from using all savings, retirement, 401(k), etc a job finally came along. At half the pay of the previous one.

    Over the next two years $40,000 in remaining debt was paid off, my credit scores went from high 700s to mid 400s, and everything I ever had was gone. Although prompted by countless people, bankruptcy was out of the question for me. My grandfather raised me to be honest, upstanding and responsible for my own condition. “You dug your own hole, now figure out how to get your butt out of it” he would have said.

    I am rebuilding my life, but know for certain that things would have been easier if I had saved more, spent less, and had accelerated my 2002 plan to be debt free.

    My advice? GET RID OF DEBT. SAVE. BE FRUGAL. CUT COUPONS. And sleep at night. You don’t want to go through what I did and start over in middle age with nothing. Take action now.

  5. Being able to graduate college as 22 year old with no debt is quite an accomplishment for myself. I understand exactly what you mean when you say, not owing anyone a dime. I sleep well at night, just knowing that I can chart my life in any direction that I want to. That is why I am so passionate about teaching people the importance of becoming debt free at an early age (20’s).

  6. As someone that has downsized and decluttered, my answer is an unequivocal yes.

    I recently relocated for a new job, and spent a couple of months in residence hotels and furnished studios that were incredibly affordable. If I could get debt-free by giving up my acquisitions, I know my family could be safe and reasonably comfortable for the short time it would take to convert those monthly payments into the savings needed for a proper apartment/home and furnishings.

    As for the computer and blogs, many libraries have free public computers available. Not ideal, but someone with the proper motivation can still get it done.

  7. I would sell everything but my house and something to wrap up in so that I could get to the store and buy some clothes. 🙂 If we had no debt what so ever and a place to live it wouldn’t take long to replace everything.

  8. I don’t think I could let the house go but probably everything else. Most of our debt comes from a business venture though so my things aren’t tied in my mind to the debt. Also, we owe WAY more than all of our stuff (including the house) is worth…

  9. In a heartbeat! Most of our debt is from educational loans, and I’m not very attached to our “stuff” (it’s pretty crappy student “stuff”). I’d love to start over, and know how little I need to get by. 🙂 My life would be much more clutter-free.

  10. I have considered that question repeatedly, yet still accumulate more “stuff”. Why do I need 3 computers, 5 TV sets, etc., etc.?

    You’ve provided me with a premise for an excellent New Year’s Resolution. “downsize” and sell off. And, hopefully get out of debt.

  11. As a recent college graduate, I would have to agree with neimanmarxist. Most of my stuff is “cheap” and does not have that much meaning to me. Being able to get rid of my debt and start over has been a recurring dream of mine. I know it will not happen, so I just need to stick with my “get out of debt” plan I currently have in place.

  12. I would definitely sell anything that wasn’t nailed down. We have sold many things this past year in an effort to keep life simply.

    This has generated new streams of income and helped us to pay down debt.

  13. You have asked the big question here. It gets to the heart of how attached we are to things, as compared to relationships, freedom, simplicity and other intangibles. Yes, we would sell everything, with the exceptions you mentioned. The results would be debt-free, maybe a few thousand in our pocket depending on how much the house sold for. It’s a very attractive thought! Of course the other angle to consider is: What next? What do we do with our new-found freedom? Start over doing the same things? Live differently, maybe working to help others somehow?

  14. I think Ron hit the nail on the head. Sure most of us would sell our clothes, furniture and electronics for our debt because they aren’t worth much! A great deal for us!

    Would you really sell your laptop/computer? How would you run the blog?

    I think a more realistic question is would you sell your house (and rent), your car (and go without one). Things like that.

  15. this would of course be situation dependent.

    If I’m almost done with med school, and own practically nothing, sure I’d give up what I own for the debt I’ve got.

    From the most pure perspective, if what you own is worth more than the debt you have, it would be stupid to give it up for debt freedom. Just sell what you need to in order to clear the debt.

  16. I believe it is possible to live well with practically nothing, only a small set of clothes (enough to fit into small backpack) and a few personal care items. And a passport! This is precisely my dream.

    House/Furniture: rent a room somewhere

    TV: go to movie theater, bar, etc.

    Computer: go to Internet cafe. Put your data on USB stick or online data storage center.

    Food/Utensils/Appliances: eat out. In places where labor is cheap it is barely more expensive to eat out than cost of raw food.

    Phone: go to public phone center

    Vehicle: take public transportation, taxis, etc.

  17. I wouldn’t. We could be debt free today if we sold our car (it’s our one debt) and got a cheaper model.

    Maybe I’m being foolish by hanging on to the thing. It’s a 2006 model, is almost to 25,000 miles, is still under manuf. warranty, and is quite reliable to me and my family. We owe about $8k on it and Kelly Blue Book thinks its worth around $9,500 or so.

    We intend to pay it off as fast as we can, which will be sometime this year.

    As much as I’m looking forward to being debt free, I’m not willing to get rid of that car.

  18. Absolutely not. I didn’t even have to ponder this question. If our debt were astronomical and our financial situation worse, I’d probably think about it. But we don’t owe so much money that we can’t easily see a point at which it will be gone. Our mortgage is our only debt, and depending on the stability of my husband’s employment, we may have it paid off as soon as four years from now.

    Don’t get me wrong, there are plenty of things I would happily part with to lower our debt. But there are many others with huge sentimental value to us that we would not willingly give up in our present circumstances. Plus, it’s taken me decades to assemble just the right collection of kitchen equipment.

  19. I don’t think I could get rid of my books, at least not the French ones. It took years to accumulate so many. But I could get rid of everything else, even if it would sting to lose the shoes, clothes, and computer. I’m not all that attached to the big green couch and bed I got from my sister or the dressers I got from my mom (although the price was right – free!).

  20. Yes, I would, and in a heartbeat. Some of us allow our egos to get in our own way to justify our high-end stuff, while for others, their very sense of identity is wrapped up in what they own. But I’ve never seen a U-haul truck attached to a hearse, have you? If you have, give me a picture! Less truly is more, but because we all are on different paths in our lives, we arrive at this conclusion at different times.

  21. I don’t think we would. Of course, part of that is because we’re home so often (he’s on unemployment, I’m on disability) that things like Xbox keep us sane.

    Part of it is that we simply don’t have enough things to completely eradicate our debt. We don’t have a car. (It’ll be what we save for first, once we’re debt free.) We don’t have many toys.

    I think if we sold everything that actually belongs to us (a couple things are on loan) excluding some clothes, we might be able to pay off $4,000? That including some things like my husband’s Magic cards (he sells/trades to keep playing) and my selling some collectible items I am very very attached to.

    We just passed the $10,000 mark on our credit card debt. In the last six months, we managed — despite reduced circumstances — to pay down $4,000 of various debts. So I think we’ll do okay without resorting to selling off things we use each day.

    That said, if it came down to selling or going into serious debt/not affording a place to live, he and I have both agreed the cards and my collectibles would be on eBay faster than you can blink.

  22. We’re actually doing that. Not every cotton-picking thing, but a great deal of our stuff is being sold on craigslist, eBay, or at a yard sale. We’re also selling hubby’s ’65 Mustang. He hates to part with it, but we’d rather be debt-free. Once our finances are in order, he can buy another one.

  23. @Frugal Bachelor: Now that’s the life! Unfortunately, I probably don’t have a shot at that lifestyle as a frugal “dad,” but as a frugal “bachelor” I say go for it!

    @Abigail: “In the last six months, we managed…to pay down $4,000 of various debts.” That’s quite an accomplishment, in any circumstances! Great job–keep it up and soon you will reach debt freedom.

  24. Brilliant question! I love stuff like this! Nope, I’d not sell it all because a few items I have are priceless. Photos of my daughter, my scout badges and my dog would not be parted with. My wife, now there’s another story….make me an offer.

  25. I presently have $18K in credit card debt and another $14K in car loan debt. Would I trade everything I own to be debt free? No. Would I get rid of over 90% of the things I own to be debt free? Yes. In fact, this is what I am presently doing, using eBay, Craig’s List, and garage sales to liquidate possessions I can live without. I’ve been doing this for over a year now and the more things I sell, the more things I realize I can do without. This is why I now believe that I could easily part with about 90% of my belongings for the sake of eliminating my debt and I would not feel badly about it at all. Most of the things I own were acquired at a time when I still had an over-consumption mentality. I now have a simple-living mindset and value simple, low-cost, debt-free living over being a mindless consumer robot. The more things I sell and the more my debt shrinks, the happier I get. My stress level seems to incrementally decrease with every passing week as I travel down this road of “downsizing” my lifestyle. I heartily recommend it to others.

  26. I just owe a couple of grand and which is mainly related to my wife’s university and a car that should be paid off next month. So, no I would not even consider it. However, I am currently selling things on eBay to reduce clutter and raise some money to purchase a few new things that I would like to have.

    During college, I used to have only the number of possessions that would fit in the car so I could move across the country during the summers. Looking at my office, I probably now have enough items in my office alone to fill a car. 🙂

  27. I donated our second tv and unused entertainment stuff along with a lot of clothing, 20 years worth. It felt good to have closets with only what was wearable/would fit. I can take money from savings and pay off remaining CC debt but I would rather pay 2.99% interest on the debt than pay it off since it is way below inflation, hence the money I owe is worth less and less each day in relation to the cost of things. So, no, I wouldn’t give away everything to be debt free. As a sailor I lived for years with only what world fit in my seabag. That sucked. I am working on downsizing everything and told the wife that if anything ever happened to her I would get rid of 3/4 of the household items and really simplify.

  28. Nope. It is not that I have tons of fancy clothes or electronics that I would miss. I would love new furniture too BUT I am living debt free except my mortgage by doing without these things until I have hit my financial goals. Working towards these goals I think my family’s frugality is at just the right level now. If I had much debt, I would sell off some posessions but I doubt I would start from scratch. But all this is in theory. Put to the test, I could do without almost everything to keep my family safe and healthy.

  29. I would say yes. It would be hard to part with all my possessions, but I look back and think about HOW INCREDIBLY STUPID we were with our credit cards and what we put on it. Unfortunately a lot of that stuff, we don’t have any more….old or we didn’t want it and couldn’t sell it, so we got rid of clutter and junk. So, yes, to be able to start from scratch- I think we’d value the stuff we actually did have. Great post.

  30. I have been on a crusade for the past few months to reduce the number of my possessions. Having said that, I would not sell everything I own to be debt free. If I did that, I’d just have to buy new stuff, which makes no sense. I would think that most people who have a lot of debt don’t have a lot of savings with which to purchase that new stuff so, right back into debt they’d be. Also, selling your boat or vacation home is not the same thing as selling the bed upon which you sleep. Interesting question!

  31. We have never had debt but we had a lot of stuff. A LOT OF STUFF!!. We sold the acreage and everything we owned. We live in an RV and travel North America and have everything we need or want plus total freedom. Our cost of living (even when fuel was stupid) is considerably less than owning a home with all the costs associated with it. We now only have one vehicle. Amazing how much lighter we feel now that we aren’t responsible for all the things.

  32. Interesting… I’ll always remember that when we moved into our current house (1000 sq. feet – a very small cottage), I thought we would never fill it. Now, two kids later, we feel bursting at the seams but I still don’t think we need more room, just a better use of it.

    So as long as I could keep my house, which I love, free and clear, I think I could part with almost everything – except for a selection of books and art objects made by both us, relatives and renowned artists.

    (BTW – We have no intention of leaving our tiny ‘starter’ home, we would just like to renovate to better fit our lives with kids – aka a second bathroom and more privacy for our bedroom.)

  33. We had a fire in our RV while we were living in it for a year. It was a nice, expensive rig, but all I could think was how grateful I was that we happened to be in it when it started – otherwise our pets would have been toast. I didn’t give any of the “prized” possessions it held or the rig itself a second thought. That’s when I started realizing that everyTHING is replaceable, and not even that important. That fire is part of what helped us decide to downsize more permanently. So, yes, I would give up everything to be debt free – and that’s actually what we’re in the process of doing.

  34. Selling luxuries like a vacation home or a boat is one thing.

    But there are some things that are more important than money. I would never sell my wedding ring.

  35. I am in the lucky situation of not having any debts. Our rather small house is paid, and everything else we own was paid in cash. We are old-fashioned like that. Besides, here in Germany, it is not so usual to pay with credit cards, so credit card debts are not such a huge problem as in the US.
    But I nevertheless thought about your question and yes, I would give up everything to be free of debts. I never forget the wonderful liberated feeling when we paid the last amont for our house and it was finally really “ours”!

  36. I’d do it in a minute. The things that are important in my life are memories, pictures, and the like, not sofas, tables, and televisions.

    I’m downsizing to a small apartment closer to work and friends and I am in the midst of the process of deciding what to keep and what to give away/sell. If someone would take it all and clear off my debt in the process….it wouldn’t even take a minute.

    Any offers? My sofa is very comfy!!

  37. Good question and interesting responses. I can’t think of a single thing I wouldn’t sell to be debt free but I guess that is why I am already 😉 Last summer I started worrying about the economy so we sold our (too big) house and became totally debt free. We are currently renting but have enough cash now to build a sensible house if we can find a cheap enough piece of land.

  38. I would be willing to sell things I don’t want/need to pay off debt – I’ve been selling things for years and I’m about to start on a new round of sales – things we don’t need or want now.

    But not everything! My photos and personal items are valuable to ME and not worth enough to sell them. So I guess it depends on the value to you vs the sale value. Why sell my used furniture to buy more used furniture??

    I have a reliable paid-for 2006 vehicle with 50,000 miles and a house I owe $46K on that’s worth about $165K.

    I also have less than $1200 in credit card debt, which includes a new laptop I just purchased for my son in high school – $850 @ 0% interest for 18 months.

    I’m close enough to being debt-free to be able to sleep at night without debt worries. My focus is building the emergency fund further because that DOES worry me.

  39. I was forced to give up my possessions when I became unemployed and had to move in with friends. During this unemployment period I have committed to seriously saving money once I have a job again, and to being creative with the few items I own so that I can live with as few items as possible.

    For example, my laptop and internet connection bring me my daily news and “lifestyle” articles, so I don’t purchase newspapers and buy few magazines. I don’t own a radio because I listen to internet radio and podcasts. I don’t need stamps and envelopes because I bank online. I use various social networking media to meet people and make connections- don’t need to “do lunch” with people the way we used to.

    My cell phone is also my alarm clock and GPS device (I have no sense of direction). I have my eye on a device that allows cable/satellite TV on my laptop so I don’t have to purchase a television to catch my favorite shows. My iPod and a portable backup hardrive contain my music collection, photographs, videos and many documents, making the amount of paperwork and CDs I carry around miniscule. I find that paying for monthly internet, cable and a cell phone are worth the expense when I wring every bit of use I can out of these services.

    I have long yearned for the simpler life and had already adopted a “less is more” philosophy before losing my job. Although owning only enough to fit into my car took quite an adjustment, I now know that I can live with fewer material objects than I used to imagine.

  40. I once read we should imagine each possession has a string attached to it that leads from the item to us. Feeling cobwebbish? Get rid of stuff.
    Feng Shui describes moving or removing 27 items from your surroundings. Each month I aim for 27 things to get rid of, donate or sell.

    Jake, what a story!

    FD- great job as always!

  41. Here’s a question for you all related to this topic: My home is worth about $200,000 more than I paid for it. I have about $70,000 in student loans – no other debt. The plan is to sell the home when the market rebounds and buy a farm outright so no mortgage. But this topic has gotten me thinking that would it be better to pay off the loans and then finance a small amount of the farm or buy the farm outright then because I have no bills tackle the student loans?

  42. Hell ya!
    Actually, I kind of did that 4 years ago – I sold my beloved condo because I was tired of being house poor. (then, the real estate went crazy … doh!)
    There’s not much else I can sell off now – most of the stuff I have is used or hand-me-downs.
    It would be tough to give up my 1994 Tempo, though.

  43. @Kimberly: Personally, I would pay off the student loans and finance a portion of the farm. Interest on both loans is tax deductible, and right now you can probably get real estate/farm loans at interest rates competitive with student loans, so the math is pretty even.

    I would rather owe money on an appreciating asset, such as a home and farm, than student loans. Besides, something about paying off those past loan bills just feels right! Good luck to you–let us know how it plays out.

  44. Great Article, I just have to get my wife to buy into it. Some of our stuff has even sat in storage! Im paying $150 a month on stuff I don,t even use. Im good with selling or just plain giving most of it away.

  45. We don’t have any credit card debt, but we do have a few thousand dollars left on our car loan, plus more than a few thousand left in student loans, but I would sell everything we had in a heartbeat. But that may be more to do with my burning desire to FINALLY get rid of all this clutter! If someone came to my door and offerred to take it all away for me, and give me a few dollars in return, I would be over the moon!

  46. I could in a blink of an eye (As long as I could keep my memorabilia and photos from my two sons childhood.)
    My husband Craig … I don’t think so! He would never be able to give up his Harley (Which is basically his mistress.)
    Ultimately we balance each other quite nicely and have eliminated all our debt, except our mortgage. Which will be paid off in seven years (Hopefully quicker!)
    Terrific post ~ It’s a great concept to initiate a financial conversation between spouses (Which can sometimes be difficult.)

  47. I would prefer not to get into debt to start with, except as in the past for a house.

    I have only bought one piece of furniture new ever – and only one auto new – ever! Everything else has come from garage sales and used sales, etc. It’s the only way to go!

    Being debt-free is just too precious to ever go into debt again. Peace of mind, sleeping at night, prepared for the future knowing I will have a paid for roof over my head as long as needed – that is security! So, I guess I can’t answer that question, as I’m not in that boat.

  48. I think it comes down to ‘needs’ and ‘wants’. What would be the point of selling the stuff you ‘need’, if you had to go and buy them again. Particularly when I dislike going shopping 🙂

    I think it would be rather cool if you could send back your ‘wants’, you know that stuff which seemed a really good idea at the time, but after two weeks it just sits in the closet.

  49. This would only work for someone with assets; it wouldn’t work for someone with tons of credit card debt and nothing of value.

    But it’s a tempting thought 😉

    Do you know of anyone who has done this, Frugal Dad et al?

  50. I would definitely do this. My wife and I moved two years ago, I can’t believe how much stuff we have that is still in boxes. I have been trying to get her to help me clean house and get rid of stuff for a year now. I just can’t seem to get her to get rid of the attachment on things like that Juicer that hasn’t been used in the 6 years we have been together.

  51. After thinking about this for about 20 seconds. Yes.
    Debt is like carrying a heavy backpack, and we don’t have a lot of debt, just a mortgage and a car payment. However, if someone knocked on the door tomorrow, and would swap it out, I would.

  52. I think some debt is healthy. I don’t mind having a mortgage (tax deductions) and debt isn’t bad when you’re paying towards something like a house.

    Of course I am glad to be done with my “bad” debt. At our worst, my wife and I were over $12,000 in debt and paid it all down in the last 2 years. We’re at zero on the credit cards and have vowed never to go back.

    Now we don’t buy anything that we don’t have cash for.

  53. In a heartbeat, or faster. Anyone who says otherwise is simply not ready to be debt free. If you have your mind and your health, you can always, always earn more, and buy more later.

  54. This question might not concern me because Im not in debt, but if I was, I would just do it the old fashion way and pay it off via cash flow not selling

  55. I think that I would do it. Except for a drawer full of clothes, necessary hygiene products, a table, chair, bare bones sheets and towel set, cot or bed, basic kitchen appliances/tools and food stuffs, you could have all the rest in exchange for complete debt freedom.

  56. We’ve actually been doing it. The problem is, as someone mentioned above, it’s about 3 cents on the dollar for things like a well-worn sofa and that’s the majority of what we have. But my husband sold an amplifier I bought him less than a year ago – I think he used it once or twice – and got about 50 or percent of what we paid. This was done only after we considered, balked at, and rejected the idea several times due to the differential in price paid and price received. Unfortunately, that’s how fast even top-notch goods depreciate because people would buy them from the store if they were going to pay full price. But for the $350 we got, we paid off 3/4 of a credit card and rustled up the money to pay the rest and that’s one card gone.

  57. if you start over from scratch, you’d be homeless, tim.

    you could buy a new bed, but would have to sleep on that nice, clean, new mattress… on the sidewalk. and that tv? you ain’t plugging it in anywhere. obviously this illustration can only go so far.

    (and renting sucks. trust me, i live in manhattan–no saving money there.)

    now aside from that caveat, this is a nice idea on living simply. i think it’s an interesting reaction to the us economic/cultural system that’s been working itself out for a long time now.

    also, more importantly: talk to a financial adviser. THOSE guys actually know how money does/n’t work in our system.

    debt free is a great concept. paying only with cash is just as great. actually you can do that, and my wife and i do, even though we pay with our debit cards. we buy a few things on credit, but promptly pay them off.

    nothing major though, just our college educations (we both have master’s degrees, and are both considering phds).

    the realistic form of what you’re talking about, is trimming down (most americans need to do this in more than one way), and not purchasing unnecessary things.

    too often, people just don’t simply think about what their hands are doing.

  58. I searched the internet trying to find an article to help me come to terms with selling most all of my worldly possessions. It is a very humbling experience and an experience that makes you come to terms with yourself and why you spent money and threw money away on all of those expensive things. I would be lying if I said I still am having to come to terms with why I needed expensive things–was it an ego need–or just because I like nice things–Regardless, I am selling most all of my things–someone said once–be grateful you have things to sell and I am. My next decision is whether to sell my car-and literally not have one. Selling my things is not getting me totally out of debt -it is somewhat making it possible for us to live. Won’t keep going on but thinks for your article and it helped me so much as I was sitting here packing to move to a 875 square ft place–but YES if someone would knock on my door and say you are debtfree if you give me all your things–I would say have at it because the stress is killing me.