Debt free at last

livnlow · 10-02-2006, 02:13 AM

Hi all,
I have lurked here on and off for a few months. I just fired my mortgage company after 14 years, and I'm hoping to be able to FIRE myself in another 14 years @ 55. I've been working at my present job for 19 years, and am considering tapering off into part-time, or possibly self employment. I'm sure I'll come up with lots of ignorant questions later. Thanks everyone for such a great forum.

virginia · 10-02-2006, 09:20 AM

Congratulations on the mortgage and welcome to the board!

Donzo · 10-02-2006, 10:03 AM

It feels great to pay off the house - congrats! You have set a nice long term plan to ER - maybe you will reach that goal earlier - is the 14 years at 55 to get bennies or time needed to save?

good luck!

Coach · 10-02-2006, 05:34 PM

Awesome, livnlow! I bet you beat 55. You've got LBYM down and it's amazing how much that compounds year after year.

Coach

livnlow · 10-05-2006, 01:23 AM

Thanks for the welcome and the positive comments.

Yes it does feel great to be rid of a mortgage. I have read some threads on the forum regarding whether to payoff early or not. I happen to be one of those people who absolutely hates to have a large long term loan, so I made it a priority to pay it off as quickly as I could.

Donzo, the 14 years is to save. No bennies when I leave. Medical insurance will probably end up being my biggest expense.

Thanks again, and hope to see ya'll around the forum.

10-02-2006, 02:13 AM	#1
livnlow Dryer sheet aficionado Join Date: Oct 2006 Posts: 27	Debt free at last Hi all, I have lurked here on and off for a few months. I just fired my mortgage company after 14 years, and I'm hoping to be able to FIRE myself in another 14 years @ 55. I've been working at my present job for 19 years, and am considering tapering off into part-time, or possibly self employment. I'm sure I'll come up with lots of ignorant questions later. Thanks everyone for such a great forum.

10-02-2006, 09:20 AM	#2
virginia Recycles dryer sheets Join Date: Feb 2005 Posts: 220	Re: Debt free at last Congratulations on the mortgage and welcome to the board!

10-02-2006, 10:03 AM	#3
Donzo Full time employment: Posting here. Join Date: Apr 2006 Posts: 525	Re: Debt free at last It feels great to pay off the house - congrats! You have set a nice long term plan to ER - maybe you will reach that goal earlier - is the 14 years at 55 to get bennies or time needed to save? good luck! __________________ Freed at 49. You only live once - live it

10-02-2006, 05:34 PM	#4
Coach Full time employment: Posting here. Join Date: Nov 2005 Location: Colorado, USA Posts: 681	Re: Debt free at last Awesome, livnlow! I bet you beat 55. You've got LBYM down and it's amazing how much that compounds year after year. Coach

10-05-2006, 01:23 AM	#5
livnlow Dryer sheet aficionado Join Date: Oct 2006 Posts: 27	Re: Debt free at last Thanks for the welcome and the positive comments. Yes it does feel great to be rid of a mortgage. I have read some threads on the forum regarding whether to payoff early or not. I happen to be one of those people who absolutely hates to have a large long term loan, so I made it a priority to pay it off as quickly as I could. Donzo, the 14 years is to save. No bennies when I leave. Medical insurance will probably end up being my biggest expense. Thanks again, and hope to see ya'll around the forum.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Debtors' Prisons- Free Marlet Solution to Debt Strapped US Households	haha	FIRE and Money	8	09-20-2006 09:34 AM
Debt Free	Helen	FIRE and Money	22	06-13-2005 01:00 PM
Being debt free is bad?	SAHW	Other topics	12	09-12-2003 04:51 AM
mortgage versus debt free?	dory36	FIRE and Money	20	06-01-2003 05:11 PM
Paying off Debt vs. 401(k) Contributions	BigMoneyJim	FIRE and Money	4	02-10-2003 11:06 AM