Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Debt free at last
Old 10-02-2006, 01:13 AM   #1
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.
__________________

__________________
livnlow is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Debt free at last
Old 10-02-2006, 08:20 AM   #2
Recycles dryer sheets
 
Join Date: Feb 2005
Posts: 260
Re: Debt free at last

Congratulations on the mortgage and welcome to the board!
__________________

__________________
virginia is offline   Reply With Quote
Re: Debt free at last
Old 10-02-2006, 09:03 AM   #3
Full time employment: Posting here.
 
Join Date: Apr 2006
Posts: 940
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
Donzo is offline   Reply With Quote
Re: Debt free at last
Old 10-02-2006, 04:34 PM   #4
Thinks s/he gets paid by the post
Coach's Avatar
 
Join Date: Nov 2005
Location: Colorado, USA
Posts: 1,128
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
__________________
"Comprehensive health insurance is an idea whose time has come in America." President Richard M. Nixon, February 6, 1974
Coach is offline   Reply With Quote
Re: Debt free at last
Old 10-05-2006, 12:23 AM   #5
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.
__________________
livnlow is offline   Reply With Quote
Reply


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

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


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 08:34 AM
Debt Free Helen FIRE and Money 22 06-13-2005 12:00 PM
Being debt free is bad? SAHW Other topics 12 09-12-2003 03:51 AM
mortgage versus debt free? dory36 FIRE and Money 20 06-01-2003 04:11 PM
Paying off Debt vs. 401(k) Contributions BigMoneyJim FIRE and Money 4 02-10-2003 10:06 AM

 

 
All times are GMT -6. The time now is 11:09 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.