Debt free
This morning I paid the remaining balance on my ONE credit card.............down to zero.
Feels good to be debt free from the increasing interest rates.
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Good going, congrats.
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good for you .
it is a good feeling but not like it was some years ago .
at one time debt free was a real thing owning your home ,car, no one with a hand out wanting money or at least the lions share
but no such thing any more
sure you could do with out all the things like electric, phones , and so on if pressed hard enough
however Taxes insure we will never be debt free, good old uncle sam will see to that
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As of Tuesday, I am debt free. No mortgage. Nothing. It feels good.
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Mr. Perfect: 30432628506011/comments/30432613936283
As of Tuesday, I am debt free. No mortgage. Nothing. It feels good.
Congrats, walked out of Waterfield Mortgage in Ft. Wayne Indiana in 1986 and paid off the mortgage.. was a few minutes late for work... but high as a kite... No mortgage or car payment since.
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I don't mind being in debt. It's paying interest that I hate.
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If I was debt free I would not get any phone calls every month. Don
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When I bought the last two new vehicles, I thought the salesman was going to faint when I said I was going to pay cash. Debt free is the only way to be. Thinking about trading in Judy's 2018 Equinox next year. It has been a good vehicle and she loves it, but I want to make sure I can still get one that isn't electric. The way the inflation is skyrocketing and the market is tanking, I hope I'll be able to just write a check for that one too but who knows. Bob
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Congratulations ! No debt means no interest.
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It is truly liberating
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Being debt free is a super good feeling, always remember the the weight you shouldered and NEVER go there again.....even for the convenience many think it carries, it's a trap. Congratulations to you 👍️
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30 years ago, I asked my father in law at what point did he feel financially comfortable. He said when he paid his house off. I paid off a 15 year mortgage in 7 years by working all the overtime I could get and by doing without.
In 2007, I moved my 401k into a fixed interest fund.
Then the crash of 2008. My co workers lost thousands and I made 4% per year.
I'm not smart with money, just lucky.
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We worked hard to live within our means through out our marriage..Some hard times came and went over the years but we worked together and weathered them....We got the boys through college and off on their own...When retirement time rolled around, we had been debt free for five or so years prior to that. Nine years into our retirement, we remain debt free and have been able to live the life we dreamed of all those years....I am grateful for the blessings in our lives...
Congrats Mohawk....and Mr. P
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Good for you!
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@...: https://forums.gunbroker.com/discussion/1908429/debt-free
This morning I paid the remaining balance on my ONE credit card.............down to zero.
Feels good to be debt free from the increasing interest rates.
It's a good feeling ain't it?
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Mr. Perfect: 30432628506011/comments/30432615588507
https://forums.gunbroker.com/discussion/1908429/debt-free
It's a good feeling ain't it?
Mr. P.......It sure is........
And.......thanks to the rest of you guys for the congrats.
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I am debt free. I got my house, not with a mortgage, but with 2 years of sweat equity.
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Congrats to all who live this way. I haven't had an unpaid bill/debt in over a decade. Stress levels lower and options are greater. It's what allowed me to retire in my 50s and still afford the craziness of college bills and Bidenflation. Now that cheap money is gone, most debt makes even less financial sense.
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scooterdriver: 30432628506011/comments/30432662179739
Congrats to all who live this way. I haven't had an unpaid bill/debt in over a decade. Stress levels lower and options are greater. It's what allowed me to retire in my 50s and still afford the craziness of college bills and Bidenflation. Now that cheap money is gone, most debt makes even less financial sense.
It is also good for your credit score.........whatever that is good for.
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Bu but but it's un-American to be debt free.🤑
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Ditch-Runner: 30432628506011/comments/30432628961563
good for you .
it is a good feeling but not like it was some years ago .
at one time debt free was a real thing owning your home ,car, no one with a hand out wanting money or at least the lions share
but no such thing any more
sure you could do with out all the things like electric, phones , and so on if pressed hard enough
however Taxes insure we will never be debt free, good old uncle sam will see to that
Gotta wonder what a half full glass looks like for you.
congrats @mohawk600 it is a big achievement!
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Warbirds: 30432628506011/comments/30432645652635
https://forums.gunbroker.com/discussion/comment/11356033#Comment_11356033
Gotta wonder what a half full glass looks like for you.
congrats @mohawk600 it is a big achievement!
A half full glass to me has beer in it. Except for every thirty minutes or so, I don't worry about the other half that use to be there.
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Warbirds: 30432628506011/comments/30432645652635
https://forums.gunbroker.com/discussion/comment/11356033#Comment_11356033
Gotta wonder what a half full glass looks like for you.
congrats @mohawk600 it is a big achievement!
just stating the facts about we never debt free . if you had a billion dollars you would still be paying some one LOL
I am truly happy for any one who has achieved winning the battle of paying interest rates to a bank or loan company
its a great feeling and congrats to every one who has reached that goal , I know it was a good feeling for us to make the last payment on our house as it should be
sorry if what I posted came across as being negative It was just a bad bit of being sarcastic
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I've been 'debt free' for the last 7-8 years. This doesn't mean I don't owe something---just that the monthly expenditures can be paid in full on demand.
A couple years ago, I went to a dealer 100 miles away to buy a baler. He asked if I was financing the purchase (which was MORE than my yearly income at one time) and I replied "No" pulling out a large wad of cash and two checkbooks. He was surprised but I'm not very trusting of banks and follow the old saying about 'not putting all your eggs in one basket'.
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There is no such thing a being debt free in this country if you have a job or own property.
Exception: Parasites, leeches, homeless, and illegal aliens.... and the ones with jobs and property are in debt partially because of them..
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Did any of y'all follow the advice of Dave Ramsey to become debt free? He is pretty sharp, I used to listen to his show on the radio.
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I made the decision to put every extra dollar toward paying it off until I did.......Took a few months. I also have no car payment so that helped. Cut back on some "wants".
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That is awesome! We are close. We'll have the house paid off next year......hopefully if we stay on track we will have the smaller things all paid off before that as well. If I can keep doubling down on my car payments I'll have it paid off this year. Once the kids got older and less "surprises" came along it became easier to plan to be debt free. For a while there it seemed we had a $5000 event of some kind every six months or so. Roof damage, new A/C for the house, car issues, funeral expenses, business nonsense. Its nearly impossible to be totally debt free when you have a wide circle of things affecting your finances unless you make a fortune. Its nice to see a light at the end of the tunnel though.
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Congrats!
We have been for about 10 years.
Not being a slave to the lender is a great feeling.
Now, if only I'd save my money instead of buying guns, I could retire. 😉
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"There is no such thing a being debt free in this country if you have a job or own property."
Maybe a matter of perception. To me, a 'debt' is a financial commitment that can't be immediately paid upon demand. Being 'debt free' indicates the person has liquid assets with which to cover any expenditures made.
I've paid cash out of pocket for the last 3 vehicles I bought and could probably dig up a couple of old fruit jars and go buy a brand new one today(not a chance in hades I'd spend that much for a new vehicle but it's there).
When I was working full time, I made it a point to end every year broke since the next paycheck was no more than 2 weeks away and any actual profit I showed would be taxed.
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My idea of being debt free is not having outstanding loans on which I pay interest and at the same time being able to cover my monthly expenses while being able to bank some "discretionary" dollars.
I have achieved that.
Of course...........I pay rent and utilities every month.............but I don't have "interest accruing payments" any more.
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