Author Topic: Officially debt free!  (Read 8102 times)

lucypie

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Officially debt free!
« on: February 22, 2013, 01:58:45 PM »
Had to register just to share.  I found MMM almost exactly a year ago and decided that this "full time work until I'm 65 thing" just isn't for me.  I'd like to have a life thank you.  I've spent all my time since then learning to cook, deciding what actually makes me happy, getting fit, paying down debt, learning how to invest what I have and generally planning out my future FI.  So as of today, I am officially debt free.  It all goes in to the FI stache from here on out.

So thanks to MMM for making me believe it is possible.  Thanks to the MMM community for keeping me motivated.  Keep up the great ideas!

mustachecat

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Re: Officially debt free!
« Reply #1 on: February 22, 2013, 02:04:07 PM »
High five, lucypie! Way to go!!

Hope you'll keep us apprised of the next stage of your journey.

anastrophe

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Re: Officially debt free!
« Reply #2 on: February 22, 2013, 02:54:43 PM »
Good job. Stick around and tell us how you did and what you'll do with all that freedom!

CeciliaW

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Re: Officially debt free!
« Reply #3 on: February 22, 2013, 03:28:58 PM »
Well Done!

DebtDerp

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Re: Officially debt free!
« Reply #4 on: February 22, 2013, 03:30:02 PM »
Wow, that is pretty awesome! Just curious, how much did you pay off in one year? I am aiming for around $22k this year and hope to be debt free in three. I can't wait to post what you just posted.

unplugged

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Re: Officially debt free!
« Reply #5 on: February 22, 2013, 04:20:45 PM »
Congrats!!!!!!! I can't wait to post what you did either!

lucypie

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Re: Officially debt free!
« Reply #6 on: February 22, 2013, 05:24:29 PM »
I didn't have near the debt some folks have.  I paid off just over $23K in the last year.  More importantly, I realized how much money I was just throwing away.  Prior to February 2012 I was saving about 25% of my gross income.  Over the past year I've raised that to over 50%.  Without all the fancy calculations, I figure every year I live on less than half my income is another year I don't have to work in my current job.  So my 10 year plan just got shorter.

Can't tell you how many folks try to tell me debt is good.  They're all worried about my credit score.


arebelspy

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Re: Officially debt free!
« Reply #7 on: February 22, 2013, 05:25:51 PM »
Congrats, you badass!

Way to set the bar despite those around you.
I am a former teacher who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and am now settled with three kids.
If you want to know more about me, this Business Insider profile tells the story pretty well.
I (rarely) blog at AdventuringAlong.com. Check out the Now page to see what I'm up to currently.

marty998

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Re: Officially debt free!
« Reply #8 on: February 22, 2013, 05:28:28 PM »
Congrats Lucypie.

Credit score? do the parents realise you don't need one now?

James

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Re: Officially debt free!
« Reply #9 on: February 22, 2013, 05:43:14 PM »
That's terrific!


We talk a lot about horrible consumers, but there are a ton of people out there in the middle ground, saving a decent amount consuming less than average.  Sounds like you just needed to kick it up a notch, congrats on doing that!

Honest Abe

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Re: Officially debt free!
« Reply #10 on: February 22, 2013, 05:50:26 PM »
Awesome job, congrats!

crazy jane

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Re: Officially debt free!
« Reply #11 on: February 22, 2013, 06:29:18 PM »
Well done you! I'm inspired. Thanks for sharing.

directionseeker

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Re: Officially debt free!
« Reply #12 on: February 22, 2013, 07:00:52 PM »
Well done!

.22guy

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Re: Officially debt free!
« Reply #13 on: February 22, 2013, 07:28:44 PM »
Congratulations!

clutchy

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Re: Officially debt free!
« Reply #14 on: February 23, 2013, 01:05:37 PM »
nicely done!1

people are WAY too worried about their stupid credit scores.

They're useful in some regards but at some point in your life they just don't matter anymore.

Even when they do matter about 740 is generally not useful.

I see so many younger people looking at personal finance and without fail it's all about the credit score....  really is pretty depressing.

KimPossible

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Re: Officially debt free!
« Reply #15 on: February 24, 2013, 09:52:20 AM »
Awesome!  Way to go!!  I love seeing posts like this--so inspirational!

darkelenchus

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Re: Officially debt free!
« Reply #16 on: February 24, 2013, 11:41:27 AM »
Congrats! You're on your way to greater wealth, I'm sure!

mobilisinmobili

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Re: Officially debt free!
« Reply #17 on: February 24, 2013, 03:45:33 PM »
Congrats!

Can't wait until I'm making the same post.

meadow lark

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Re: Officially debt free!
« Reply #18 on: February 24, 2013, 11:18:11 PM »
Yay!  I can't wait to say the same thing ( my net worth is positive but I still have consumer debt.). Good job.

Honest Bob

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Re: Officially debt free!
« Reply #19 on: February 25, 2013, 08:35:34 AM »
Congrats!

Phoebe

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Re: Officially debt free!
« Reply #20 on: February 25, 2013, 08:42:18 AM »
Congratulations Lucy!!!!!!!  Your hard earned skills will now help you to grow your stache quickly!  Enjoy your new feeling of freedom! Woohooo!!!!!

burly

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Re: Officially debt free!
« Reply #21 on: February 25, 2013, 09:59:16 AM »
Thank you!!! Posts like this keep me motivated to the day I can announce this!!! I have about 1-2yrs to go...

keith

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Re: Officially debt free!
« Reply #22 on: February 25, 2013, 11:01:15 PM »
Congrats! Debt free posts are my favorite :)

ScienceRules

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Re: Officially debt free!
« Reply #23 on: February 26, 2013, 03:10:25 AM »
Way to go! Whoohoo!

SMMcP

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Re: Officially debt free!
« Reply #24 on: February 26, 2013, 01:35:20 PM »
Well done, lucypie!

tfordon

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Re: Officially debt free!
« Reply #25 on: February 26, 2013, 02:32:19 PM »
Great job!

 

Wow, a phone plan for fifteen bucks!