posted by jmog

Did you use any particular method, like Dave Ramsey, snow ball, another called the annihilation method or something?

My goal is 7-8 years, no debt. I have no CC debt (use some but pay off each month just to keep credit score going up), no student loan debt, etc,  so I have 2 cars and house. Wife's car will be paid off next year, my truck and house both in 6-7 years is the goal. That will put me right around 50 maybe 52 and debt free.

If I can do that, then my wife's next car will be paid for with saved up cash from said debt removals.

Basically the Ramsey philosophy.  We do use a credit card  I put all expenses I can on it, pay it off monthly and collect Marriott points that way.  

Debt stressed me out - unreasonably.  I think I must be pretty risk averse.  I may not maximize every arbitrage opportunity that’s out there.  But I sleep better.  

On top of that, I was an alcoholic.  So there were a lot of poor financial decisions made for bad reasons.  But that’s in the past too.

posted by Dr Winston O'Boogie

Basically the Ramsey philosophy.  We do use a credit card  I put all expenses I can on it, pay it off monthly and collect Marriott points that way.  

Debt stressed me out - unreasonably.  I think I must be pretty risk averse.  I may not maximize every arbitrage opportunity that’s out there.  But I sleep better.  

On top of that, I was an alcoholic.  So there were a lot of poor financial decisions made for bad reasons.  But that’s in the past too.

Nice job, not only on the debt but on beating alcoholism as well.

I have a very addictive personality, easily get stuck on things. Used to be video games, has been books (read whole books in 1 day), porn years ago, etc. I would be petrified of being addicted to drugs or alcohol, so I have never even smoked weed, and truthfully only been drunk MAYBE 3 times in my whole life because it worries me. I will only have 1 drink in a dinner or night out being worried about that or driving with any in me, even when we are at our camper, 1 single of my scotch pretty much for the whole weekend.

So I commend you for that, truely do.  

I am currently juggling two houses.  Finishing some remodeling on our 130 yr old house and the local market currently is bank.  Solid updates to a 4 bedroom 2 bath house walking distance from town, restaurants, and the elementary school.  It will draw the appeal of a young family.  Likely the extra effort I am putting in will pay off.

Our new house needed some remodeling as well.  Most is done.  Bought it from an old widow that lived there 40yrs.  Its a beautiful property in the country near I77.  Closer to my grandchildren up north and a peaceful commute to my office.  Commuting through amish country is a pain in the ass especially in the fall.  Concorde grape vine and lots of wild raspberry bushes.  Curious deer watching me mow from my woods. Reminds me of my grandparents property.  Its where my wife and I will enjoy outdoor living and fade away.

Those of you that mentioned being free from the burden of auto loans.  You do well and enjoy the release of those shackles.  If you can cash off the automobile you need over going into debt over the automobile you want, choose the former.  Its not a bad thing to go into debt for a vehicle you want and may not need to.  But if its possible financially to do so my advice is to take it.  For me I have found it quite liberating.