Move over house with a white picket fence, the new American dream is being debt free.

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According to a recent study by FGK Custom Research for Credit.com, about a fifth (23%) of American’s say the American dream is being debt free.  According to GFK’s analysis of 1,000 respondents, most (27.9%) said the American Dream is retiring financially secure at 65. The other options were owning a home (18.2%), graduating from college or paying off your student loans (6.6%) and joining the 1% (4.3%). The responses were rounded out by: other (11.4%), none (0.2%) and don’t know/no response (8.5%).

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Avatar photo About James Hendrickson

James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.

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MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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