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I'm going to claim success

InsultComicDog

By InsultComicDog
in Credit Forum

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The last post in this topic was posted 6560 days ago. 

 

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InsultComicDog

InsultComicDog

Posted
Posted

I have scheduled a payment to Citi tomorrow for $1000.

 

This is the last payment on my BT from my Home Equity Line of Credit which in turn served as a refinancing for the mortgage on my house.

 

So now I consider the house to be paid off in reality - not just as a result of borrowing money to pay it off.

 

The cars are paid for, and my other CCs (aside from the Citi) are pay-off-each month.

 

So, for the first time since I was in my teens, I am "out of debt"!

 

:P:rofl::angel:

 

When I turned 40, and was about 40K in credit card debt and owed almost 100K on the mortgage, it was my goal to accomplish this before my 50th birthday. It seemed like an almost impossible goal at that time. Now at the age of 49, it's almost anticlimactic.

 

But still worth a couple of emoticons!

 

:beee:

 

149847.gif

 

bounce.gif

 

jump.gif

 

ShowLetter-30.gif


chicane

chicane

Posted
Posted (edited)

OMG, 49 years old, debt free with an 835 FICO!

 

You are an inspiration to us all!

 

Congratulations! :grin:

 

 

eta: cool Beavis & Butthead emoticon, heh-heh

Edited by chicane
InsultComicDog

InsultComicDog

Posted
  • Author
Posted
2 things one no more interest deduction on your taxes

and 2 how did you do it

great job.

 

Well, it's been about five years since I had enough deductions to itemize, so that's nothing new... and I've not escrowed since 2002 either, so I'm used to paying the tax bills rather than sending them to the mortgage co.

 

I didn't do anything particularly brilliant... cut back on expenses, sure, but also started earning more income. Took advantage of very low interest rates when they became available. Mostly, just remained relentless in making sure I didn't slack off in paying things off. Drove older cars long after paying off. Still, it's not as if I've ever really deprived myself or my wife of anything we really needed or wanted.

t8rtot

t8rtot

Posted
Posted (edited)

Fabulous Job and Congrats!

 

Yeah -what screwed said- I too want to know how did you do it?

 

Eta: Nevermind- you posted while I was typing.

Edited by t8rtot
InsultComicDog

InsultComicDog

Posted
  • Author
Posted
Wow thats an incredible accomplishment. Congrats x 1000

 

Couple questions if you don't mind? Kids? Line of work?

 

Married, no kids, 3 cats :dntknw: (it helps not to have kids, too)

 

I am an architect (software)

Sultan

Sultan

Posted
Posted
I have scheduled a payment to Citi tomorrow for $1000.

 

This is the last payment on my BT from my Home Equity Line of Credit which in turn served as a refinancing for the mortgage on my house.

 

So now I consider the house to be paid off in reality - not just as a result of borrowing money to pay it off.

 

The cars are paid for, and my other CCs (aside from the Citi) are pay-off-each month.

 

So, for the first time since I was in my teens, I am "out of debt"!

 

:angel::blink::angel:

 

When I turned 40, and was about 40K in credit card debt and owed almost 100K on the mortgage, it was my goal to accomplish this before my 50th birthday. It seemed like an almost impossible goal at that time. Now at the age of 49, it's almost anticlimactic.

That is completely awesome! Sounds like a celebration is in order. Good for you, I'm happy that you accomplished what was important to you. It's really awesome that you reached your goal, I see and hear about too many people who give up. (on their dreams, themselves, etc.)

 

Solid brother.

zachzchw

zachzchw

Posted
Posted

What, just an 835? Couldnt get the other 15 points? I wouldnt loan you a dime.

 

Check out First Premier, they are great, I think they even offer a nice 9.9% APR on purchases!!!

 

 

Just kidding, your story is inspirational. Major congrats to you!!!

How does it feel to be debt free?

InsultComicDog

InsultComicDog

Posted
  • Author
Posted
What, just an 835? Couldnt get the other 15 points? I wouldnt loan you a dime.

 

Check out First Premier, they are great, I think they even offer a nice 9.9% APR on purchases!!!

 

 

Just kidding, your story is inspirational. Major congrats to you!!!

How does it feel to be debt free?

 

It feels good... but as I said before, somewhat anti-climactic. I could have told you six months ago the exact date - today - that I was going to be "out of debt"... having scheduled the payments that long ago on Bill Pay. (I canceled one of the payments, but made up for it later, evening the schedule out.) Kind of a boring way of doing it, wasn't it?

 

I didn't mention it until now, for irrationally superstitious reasons (didn't want to "jinx" it) - but it all happened "according to schedule".

Why Chat

Why Chat

Posted
Posted

CONGRATULATIONS !!!

 

It is a real pleasure to see someone who equates success with being debt free and who accomplished that goal the old fashioned way by frugal living, hard work and not giving into the temptations of our "throwaway" society.

 

Keep up the good work, you have not only made yourself debt free, but in the proccess you have helped conserve natural resources.

InsultComicDog

InsultComicDog

Posted
  • Author
Posted
CONGRATULATIONS !!!

 

It is a real pleasure to see someone who equates success with being debt free and who accomplished that goal the old fashioned way by frugal living, hard work and not giving into the temptations of our "throwaway" society.

 

Keep up the good work, you have not only made yourself debt free, but in the proccess you have helped conserve natural resources.

 

Thanks Why Chat!

 

My next goal (and one I've been working on for a while as well) is related to retirement savings.

carriesue

carriesue

Posted
Posted

HUGE Congratulations to you!

 

That is the goal we are working towards. We do have 3 children, and that does make a difference. Our youngest was born with serious and numerous health & developmental problems that we are still paying for today. (Sometimes we had to chose between his medical needs and paying the mortgage...)

But we are living way UNDER budget right now to get to the point you are at.

 

Thank you for the inspiration!!!!

:dntknw::grin::lol:

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