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Debt free at last
Old 10-02-2006, 01:13 AM   #1
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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.
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Re: Debt free at last
Old 10-02-2006, 08:20 AM   #2
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Re: Debt free at last

Congratulations on the mortgage and welcome to the board!
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Re: Debt free at last
Old 10-02-2006, 09:03 AM   #3
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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
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Re: Debt free at last
Old 10-02-2006, 04:34 PM   #4
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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.

"Comprehensive health insurance is an idea whose time has come in America." President Richard M. Nixon, February 6, 1974
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Re: Debt free at last
Old 10-05-2006, 12:23 AM   #5
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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.
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