Debt-Free!

Have you paid off your debt? Managed to save for your dream home? Had an awesome investment pan out? Share your personal finance success stories here.

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jdroth
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Debt-Free!

Postby jdroth » Mon Dec 03, 2007 3:56 pm

Twenty years after I took on my first debt, I've finally managed to rid myself of it. Well, I <i>do</i> still have a Very Big Mortgage, and that's one of my next targets, but I've eliminated everything else. It feels awesome!

Anne
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Postby Anne » Mon Dec 03, 2007 4:58 pm

:D :D :D :D :D :D :D

Congratulations! 8) You are really an inspiration. Any (frugal, of course) plans to celebrate the occasion?

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jdroth
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Postby jdroth » Mon Dec 03, 2007 6:08 pm

It's so crazy, but no. Even just a month ago, I thought I was going to buy myself a nice Stickley chair. But now I'd rather tuck that $2,000 into my IRA and bolster my savings for my upcoming move to working from home. I'm sure I'll find some little thing to celebrate with, but I don't know what just yet. (Actually, there was something I was looking at earlier today, but I can no longer recall what it was. Must not have been that important, eh?)

So, debt is gone. Next on the agenda: getting rid of the fat, and finding time to write more consistently.

brad
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Postby brad » Mon Dec 03, 2007 6:49 pm

WOW!!

Congratulations, you did it!

floppel
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Postby floppel » Mon Dec 03, 2007 11:37 pm

Congratulations!

jdroth wrote:It's so crazy, but no. Even just a month ago, I thought I was going to buy myself a nice Stickley chair. But now I'd rather tuck that $2,000 into my IRA and bolster my savings for my upcoming move to working from home.

That's a paradoxon I've observed with myself, as well: The more money you save, the less you want to spend it. Strange!

Patrick
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Postby Patrick » Tue Dec 04, 2007 12:08 pm

floppel wrote:Congratulations!

jdroth wrote:It's so crazy, but no. Even just a month ago, I thought I was going to buy myself a nice Stickley chair. But now I'd rather tuck that $2,000 into my IRA and bolster my savings for my upcoming move to working from home.

That's a paradoxon I've observed with myself, as well: The more money you save, the less you want to spend it. Strange!


I've noticed the same thing, but I actually like it! Less clutter, guilt, etc. More savings, better feelings... It's nice! Congrats JD.
Patrick
Cash Money Life :: Your Money. Your Career. Your Life.

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kmull
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Postby kmull » Tue Dec 04, 2007 12:23 pm

Congrats, JD... a big step toward financial freedom. Keep it up!
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Rain
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Postby Rain » Tue Dec 04, 2007 2:38 pm

Congratulations JD! I am becoming debt free at the end of this month as well. This site has been tremendously helpful in providing information to help me thru the 'getting out of debt' and into the next phase of life.. Thanks and keep up the great work!

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jwthornhill
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Postby jwthornhill » Thu Jan 24, 2008 3:07 pm

That's got to be a fantastic feeling. We are in our forties and can't wait to scream the same thing.

Congratulations!
<a href='http://needtobedebtfree.blogspot.com'>We Need To Be Debt Free</a>

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Postby Bearcat fan » Fri Jan 25, 2008 4:19 pm

That is great news. My hat is off to you and yours.

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Postby fast2transact » Sat Jan 26, 2008 4:33 am

Congratulations on that!! I think you are feeling as if a thorn is pulled out from your chest.. :D I'm really happy for you. Why not celebrate with Mcdonalds or ice cream??

airsickness
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Postby airsickness » Sat Jan 26, 2008 6:48 am

floppel wrote:Congratulations!

jdroth wrote:It's so crazy, but no. Even just a month ago, I thought I was going to buy myself a nice Stickley chair. But now I'd rather tuck that $2,000 into my IRA and bolster my savings for my upcoming move to working from home.

That's a paradoxon I've observed with myself, as well: The more money you save, the less you want to spend it. Strange!


When you first begin trying to get out of debt there seem to be so little progress that, paying down debt (instead of the instant gratification of spending) seems hopeless. Thats why it take quite a commitment to stay the course. But when you see progress it really excites you to do more.
“If you want to feel rich, just count the things you have that money can't buy”

fred333
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Postby fred333 » Thu Mar 06, 2008 9:06 am

Congrats on getting to that point. It is a very good feeling to have no debt.
Trying to find some debt settlement.

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Postby racheldarcy » Sun Mar 09, 2008 4:20 am

That is fantastic, well done. I always find it very inspiring when I read suces stories - I am trying hard to pay off my mortgage and when I hear of other people paying off debts quickly it makes me realise that I can do it too.
<a href="http://www.masteryourcard.com/blog">Master Your Card</a> - Making Your Credit Cards Work For You : <b>Priceless</b>.


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