Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 02-23-2013, 07:15 PM   #21
Full time employment: Posting here.
nvestysly's Avatar
Join Date: Feb 2007
Posts: 571
Originally Posted by Bretttd View Post
This is actually the plan. We've talked about it and my paycheck will go strictly to loans and mortgage.
Several years ago, with a little motivation after reading Your Money Or Your Life, DW and decided to live on much less than one income. We both maxed out the 401k's, contributed to Roth back when we could still qualify, paid off the house, saved in I-Bonds (still doing that for the emergency fund), and invested as much as possible. Boy did that ever pay off!

Good Luck in your endeavors. You are so far ahead of most people there's no reason you will not be financially successful.
Dreamin' of Streamin'
FIRE'd at 52 on 7/8/11
nvestysly 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 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!

Old 02-24-2013, 05:51 AM   #22
Thinks s/he gets paid by the post
Join Date: Apr 2005
Location: Duesseldorf, Germany
Posts: 1,138
IMO the benefit of inflation on debt is overvalued.
Only if your income rises more than inflation (or the value of the house that you purchased with debt) you will have a benefit at all.
If your income does not, you will still have to repay the same nominal volume of debt with same interest rates from the same volume of salaries. But you will see price increase of all the goods that you need.
chris2008 is offline   Reply With Quote

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

» Quick Links

All times are GMT -6. The time now is 01:08 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.