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I am DEBT FREE!

Discussion in 'BBS Hangout' started by Jeremiah, Dec 30, 2008.

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  1. Jeremiah

    Jeremiah Member

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    I used the insurance money I got from Ike to pay off my house in Galveston, car and credit cards. I'm 100% debt free as of today. Whoo-hoo! :D
     
    #1 Jeremiah, Dec 30, 2008
  2. meggoleggo

    meggoleggo Member

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    Congratulations, man! If you have any spare money, please consider giving cash donations to the "meggoleggo needs to be debt free too" cause. :D
     
    #2 meggoleggo, Dec 30, 2008
  3. Yonkers

    Yonkers Member

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    Congrats. Feels good, eh? Make sure you keep it up. It's pretty easy if you put your mind to it. Keep just 1-2 credit cards and make sure to pay them off at the end of each month.
     
    #3 Yonkers, Dec 30, 2008
  4. ima_drummer2k

    ima_drummer2k Member

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    Congrats, man. That's really great. I will be there someday.

    Do you by chance listen to Dave Ramsey?
     
    #4 ima_drummer2k, Dec 30, 2008
  5. Ron from the G

    Ron from the G Member

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    Congrats man. So glad you got that done. Now never ever credit cards again. I'm working on that. Trying at least.
     
    #5 Ron from the G, Dec 30, 2008
  6. rocketsjudoka

    rocketsjudoka Member

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    Congratulations. How did you have your mortgage?
     
    #6 rocketsjudoka, Dec 30, 2008
  7. ndnguy85

    ndnguy85 Contributing Member

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    guess you didnt buy a mac?

    haha
     
    #7 ndnguy85, Dec 30, 2008
  8. The_Yoyo

    The_Yoyo Member

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    awesome i wish to be in your shoes one day in the near future
     
    #8 The_Yoyo, Dec 30, 2008
  9. SwoLy-D

    SwoLy-D Member

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    [​IMG]
    :eek: That's what SHE said.
     
    #9 SwoLy-D, Dec 30, 2008
  10. Jeremiah

    Jeremiah Member

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    I had an 80/20 '100%' fixed mortgage, so it was actually two. The 80 was a low interest rate, the 20 was fairly high, close to 8%. It was one that I was working on paying off anyway. At any rate, I didn't get sucked into the ARM hype when I bought a few years ago.

    Now I just need to sell it. Anyone need a 'fixer-upper' in Galveston? :)
     
    #10 Jeremiah, Dec 30, 2008
  11. Mr. Brightside

    Mr. Brightside Member

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    Congratulations, you just won an Ipod Nano.
     
    #11 Mr. Brightside, Dec 30, 2008
  12. digitalbreach

    digitalbreach Member

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    Congrats. HOpefully not to long from now I will be in the same boat.
     
    #12 digitalbreach, Dec 30, 2008
  13. Dr of Dunk

    Dr of Dunk Clutch Crew

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    Congrats! Now save your money and before you know it, you may be able to retire in comfort, too. :)
     
    #13 Dr of Dunk, Dec 30, 2008
  14. Bag0b0y

    Bag0b0y Member

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    Wow! Super glad for you! I have an 80/20 fixed as well. Just purchased my house last year. I'm hoping to be in the same poisition as you in 5 years. Any advice? Anyways, always really happy to hear news like this.
     
    #14 Bag0b0y, Dec 30, 2008
  15. DFWRocket

    DFWRocket Member

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    What He Said!

    check out the Dave Ramsey show
    Get on a WRITTEN budget*** Most important thing Americans don't do
    Don't use Credit Cards
    Build an emergence fund (money market savings account) with 3-6 months expenses
    Put 15% of your earnings into your 401K or Roth IRA
    Save up to put 20% down on your next mortgage (with a 15yr loan)
    Pay off the morgage early if possible
    Retire with dignity
     
    #15 DFWRocket, Dec 30, 2008
  16. JuanValdez

    JuanValdez Member

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    Meanwhile, I've been working out payment terms for my shiny new MBA education loans. There goes the extra salary.

    But, congrats to you.
     
    #16 JuanValdez, Dec 30, 2008
  17. Rule0001

    Rule0001 Contributing Member

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    Congratulations man. I would imagine it's a pretty damn good feeling.
     
    #17 Rule0001, Dec 30, 2008
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