Debt Free!

[mac]

Congratulations to you and also to your wife. It takes a two person team to do this.

Now save and save and save. The power of your own money is unbelievable.

Now repeat after me. "The banker is not your friend, the banker is not your friend" He is like a drug dealer who wants to get you hooked on things you can't afford. Expect the same advice from your trained professional drug dealer as your banker.

[grizzley]

! crazy way to say it: but how true!!!
glad I'm not alone in the way I think!

[T Mac]

Congratulations, Seedtree.
Nice to not have the wolves snapping at your azz after all these years...hey?

[LOW1]

Congratulations on your success. You obviously made a plan which was right for you and then through hard work made it work. Others may not agree with your plan, but it's working for you and that is the important thing.

[Rapscallion]

Good job Seedtree. I was so close to that goal I could taste it. House & vacation home, boat, vehicles, etc. all paid off. Divorce did me in. Back to a mortgage again. It was worth it though, I still have my sanity (kind of).

[eriksat1]

I doubt if I will ever be totally out of debt, but at least I'm happy. I have a good family life, a house 2 boats a decent truck, and except for work I can pretty much go fishing whenever I like. You could be debt free and have all the money in the world but can't buy happiness.

[Seedtree]

Thanks for the fine words. Still a bit overextended before the next paycheck (given a long term 2 year fully funded emergency fund), but hey, what is cheaper than going fishing? LOL. Especially after I've been doing it since I was a kid. Hardly need to go on a buying spree there. Same if I want to go hunting, camping, ATVing, etc.

For other posters, I'm not dropping the belief in the wise use of leverage. With 0.0% interest and 10K/day boomers retiring (and going to join the big Santa in the sky at that same rate soon), there will be plenty of low-hanging fruit. The tough thing will be jumping in too soon. I expect a negative rate soon. Much like our treasuries.

I posted as mainly debt has been a mental and psychological issue for over 30 years in my life, and I'm not much beyond that. It's like chains falling off of me. Your spin on my deal is irrelevant.

[Wade B AKA: Ruger2506]

I think the days of early retirement are all but gone. They were short lived as it were. Started with my great grandparents and looks like it may end with my parents generations. Pensions are all but gone. Investments and savings are pitiful and dwindling.

I was doing well and on track but the economy finally got me as well. Thankfully my layoff wasn't as bad as it could have been. At least there is locum market for my profession. However eight months later and I still don't have full/long term employment. At 36 with a new son I am starting over after being close to paying off all my debt.

Oh well, good thing I enjoy a good challange.

[Weezy]

Seedtree- Awesome work paying off your last loan. Break out the funny hats and noise makers! way to go! Your diligence and thirft is to be commended.

[eriksat1]

I wish I knew what I know now, about 30 years ago about debt and credit. How does the saying go, live and learn. I think other than a house everything else should be saved for and bought with cash. I would be a rich man if I had all the money I have paid in interest payments in the last 30 years.