Author Topic: Debt Free!  (Read 1804 times)

OneCoolCat

  • Bristles
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Debt Free!
« on: April 26, 2017, 12:24:43 PM »
I just submitted my last student loan payment and am officially debt free!  Just under three years ago I graduated law school with $50k in student loans and $14k in a 0% personal loan to my brother.  My net worth was ($64k).  As of 10 minutes ago, everything has been paid back in full!  I was making calculated minimum payments on my student loans since I had refinanced them to a much lower variable rate.  As rates began to grow I adjusted my plan and attacked the loans.  In hindsight I probably would be wealthier had I continued making minimum payments but I'm not going to beat myself up over it.  Glad to be 100% debt free.

Onward to growing the stash!

SingleMomDebt

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Re: Debt Free!
« Reply #1 on: April 26, 2017, 12:34:10 PM »
A huge congratulations. I bet the weight off the shoulders is a beautiful feeling.

Optimiser

  • Pencil Stache
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  • Age: 37
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Re: Debt Free!
« Reply #2 on: April 26, 2017, 01:52:35 PM »
Congrats! I'm looking forward to being free of my business school loans someday. For now I'm going the minimum payment route and investing instead.

Bateaux

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Re: Debt Free!
« Reply #3 on: April 26, 2017, 04:52:38 PM »
You geaux!

SwordGuy

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Re: Debt Free!
« Reply #4 on: April 26, 2017, 05:34:12 PM »
Congrats!

Brother Esau

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Re: Debt Free!
« Reply #5 on: April 26, 2017, 06:17:08 PM »
Nice!

Riff

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Re: Debt Free!
« Reply #6 on: April 26, 2017, 06:51:32 PM »
What an awesome feeling that is!  Congrats.

Greenback Reproduction Specialist

  • Bristles
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Re: Debt Free!
« Reply #7 on: May 02, 2017, 01:56:36 PM »
That's awesome! Congrats!

We kept the letter from the last lender(which was also a student loan) confirming our complete repayment, it is framed in our home office : )

No better feeling than being debt free!