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livnlow 10-02-2006 01:13 AM

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.

virginia 10-02-2006 08:20 AM

Re: Debt free at last
 
Congratulations on the mortgage and welcome to the board!

Donzo 10-02-2006 09:03 AM

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!

Coach 10-02-2006 04:34 PM

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

livnlow 10-05-2006 12:23 AM

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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