Author Topic: Goodbye Student Loans Forever!!!!  (Read 2451 times)

Dragonstrike

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Goodbye Student Loans Forever!!!!
« on: February 03, 2016, 12:31:35 AM »
Today, I have made a milestone.

8 years ago, I entered college and lived an experience.  Sadly, I wish I could have done things differently with the financial knowledge I have now.

4 years ago, I was a degree holder with no job for the 6 months after graduation.  With no luck in my favor, I joined the US Army to serve my country, better myself, and to pay back my debts to society.

3 years ago, I realized the horror of letting a family member with whom I thought had financial knowledge delve me into a year's loss of paying principle back on these loans.

Those same 3 years ago, I started what was a long battle with fighting off over $40,000 in debt from student loans.

Today, after 3 years, I made my last payment of $3,300 from a month of gains including tax returns, added income from bonus, and returned payments for trip expenses a few months prior.

Today, I am officially debt free!!!

11ducks

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Re: Goodbye Student Loans Forever!!!!
« Reply #1 on: February 03, 2016, 01:09:10 AM »
Congratulations, that must feel amazing!!!!

dude

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Re: Goodbye Student Loans Forever!!!!
« Reply #2 on: February 03, 2016, 06:53:33 AM »
Well done!!!  Now start investing the money you were using to pay off those loans!

Fishindude

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Re: Goodbye Student Loans Forever!!!!
« Reply #3 on: February 03, 2016, 06:56:03 AM »
Great job, congratulations !

Nickels Dimes Quarters

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Re: Goodbye Student Loans Forever!!!!
« Reply #4 on: February 03, 2016, 06:57:25 AM »
Amazing! Congratulations.

Start investing that same amount each month and you will be FIRE before you know it!

NDQ

Suit

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Re: Goodbye Student Loans Forever!!!!
« Reply #5 on: February 03, 2016, 06:57:59 AM »
Well done!

Steve Rogers

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Re: Goodbye Student Loans Forever!!!!
« Reply #6 on: February 03, 2016, 07:55:45 AM »
Congrats!

Dragonstrike

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Re: Goodbye Student Loans Forever!!!!
« Reply #7 on: February 04, 2016, 09:12:18 AM »
My next plan is to open my Vanguard funds, VTSAX I believe first, and eventually VTSMX or VTTSX right?

And to be more specific on the student loans, my monthly payment was $500 a month.  So that money will be going straight to investments now, on top of the $200/month going into my TSP and another $200 towards my Roth IRA with ICMARC.

big_slacker

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Re: Goodbye Student Loans Forever!!!!
« Reply #8 on: February 04, 2016, 09:36:31 AM »
Congrats, that's an awesome milestone!

lunahsol

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Re: Goodbye Student Loans Forever!!!!
« Reply #9 on: February 04, 2016, 10:31:28 AM »
Well done!!!!

coolistdude

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Re: Goodbye Student Loans Forever!!!!
« Reply #10 on: February 05, 2016, 08:58:31 AM »
Congrats! Enjoy that breath of fresh air. It only gets better!