In the process of making out my Christmas card list for the year, I was struck by how many of our close friends are also debt free. I've never given it much thought, but there it was. We didn't plan it this way, it just sort of evolved over the years. Like any sort of friendship, we share a common bond with these people. We understand each other's goals and the things we have to do to make those goals happen. It's much harder to bond with someone who shops a lot and lives well above their means. As a result, over the years many people that we were "friends" with earlier in our lives have fallen by the wayside because it just got harder and harder to find common ground as they upgraded to bigger homes, ate at pricier restaurants, drove fancier cars, and generally moved into a life of debt that we weren't willing to engage in.

If you're living the debt free life (or are working toward it), debt free friends are invaluable. These a...

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