Can anyone give a opinion on my plan to borrow money from my mom and dad to pay of my rediculous 22K credit card debt, the result of a midlife crisis travel binge to Belize, Jamaica, England, Scotland, Northern Ireland, Ireland, Wales, and Cornwall.
I've gotten a late start on getting my shit together. But lately I've cut my land line, direct tv, cut my electric bill nearly 50% using no AC, and I haven't eaten out in two months. Oh, and I ride a bike virtually everywhere, including the grocer today with my trailer I acquired from a cousin for free.
I have ten years left on a fifteen year note @ 4.5%, mortgage is $2100.
Got a late start in the fire service so theoretically I have fifteen years for my 20 year pension which gets me 50%.
With my newfound frugality I think I can cut my FI date to ten years, although I love being a firefighter so I might just keep going!
Almost forgot, I'm 42