pushbutton Posted October 15, 2013 Share Posted October 15, 2013 Just made my last payment on a huge assessment levy on my property a few minutes ago, and am finally free of debt burden and interest payments. House, small business, property, vehicles....all clear. Am worn out, aged beyond my years, losing whats left of my grey hair, flat arse broke, credit rating tore up, and the business is in shambles....but am finally debt free. Hey, did I mention I am debt free Quote Link to comment Share on other sites More sharing options...
Getanet Posted October 15, 2013 Share Posted October 15, 2013 So what big purchase are you going to make next? Time's ticking, gotta keep our economy moving you know! Quote Link to comment Share on other sites More sharing options...
pushbutton Posted October 15, 2013 Author Share Posted October 15, 2013 Suppose your right. Maybe should invest in a mid life crisis, where I can get a fancy sports car, hair plugs and dye, gold eagle chain, and trade in my 49 year old model for a 30 something one.....at least it wouldn't be going through menopause. Have fun while ya can young fellars....thats some crazy stuff!!! Quote Link to comment Share on other sites More sharing options...
Mr.Seaguar Posted October 15, 2013 Share Posted October 15, 2013 Congratulations! I tried to talk my wife into paying off the house but I didn't get anywhere. Quote Link to comment Share on other sites More sharing options...
pushbutton Posted October 15, 2013 Author Share Posted October 15, 2013 Just do an exterior remodel to make it look like an expensive purse.....then she will understand Quote Link to comment Share on other sites More sharing options...
delcecchi Posted October 15, 2013 Share Posted October 15, 2013 Congratulations! I tried to talk my wife into paying off the house but I didn't get anywhere. If you have one of those 30 year fixed mortgages at 3 percent I'm on her side. Quote Link to comment Share on other sites More sharing options...
pushbutton Posted October 15, 2013 Author Share Posted October 15, 2013 Thanks for coming to my party Del Yep, there are a few ways to looks at it. Could have reinvested and gained more...but could have also not gained more and still be saddled with debt. My magic fortune ball was unclear, so opted for this..... Quote Link to comment Share on other sites More sharing options...
delcecchi Posted October 15, 2013 Share Posted October 15, 2013 Thanks for coming to my party Del Yep, there are a few ways to looks at it. Could have reinvested and gained more...but could have also not gained more and still be saddled with debt. My fortune ball was unclear, so opted for this..... Peace of mind is worth a lot. And assessments usually have interest rates that are high by today's standards, so that can be a good thing to pay off. On the other hand,... Having debt at a low cost also feels different if you have plenty of assets that could pay it off that are making more than the rate on the loan. That's how many of those rich guys got rich. (I paid my house off some years ago, but I had an 8% mortgage) Quote Link to comment Share on other sites More sharing options...
mattpaumen Posted October 15, 2013 Share Posted October 15, 2013 Congrats to you! I hope to someday know the feeling, but it won't be for a LONG time! Quote Link to comment Share on other sites More sharing options...
leech~~ Posted October 15, 2013 Share Posted October 15, 2013 Hey, did I mention I am debt free Well, there goes your tax breaks! Sucker! Quote Link to comment Share on other sites More sharing options...
pushbutton Posted October 15, 2013 Author Share Posted October 15, 2013 Lol...got that one covered though. After quarterly corporate, state, city, sales, Fica and unemployment for the employees.....there is nothing left to tax Edit: Forgot about use tax...got to love that one! Quote Link to comment Share on other sites More sharing options...
Eric Wettschreck Posted October 25, 2013 Share Posted October 25, 2013 I'm jealous dude. I'm getting there but not quite. I still make a monthly payment for my little house on the prairie. Some day....................BTW- grey hair falling out isn't that bad. Chicks dig the bald man. Quote Link to comment Share on other sites More sharing options...
harvey lee Posted October 25, 2013 Share Posted October 25, 2013 Nothing better than being debt free. Quote Link to comment Share on other sites More sharing options...
Northlander Posted November 9, 2013 Share Posted November 9, 2013 We are always in debt to someone. Congrats PB. Quote Link to comment Share on other sites More sharing options...
MN Shutterbug Posted December 14, 2013 Share Posted December 14, 2013 Way to go. It's a great feeling. My wife just bought living room furniture she didn't have the money for and I told her it is totally her debt. My plan is to never owe anyone money again. So far, so good. Quote Link to comment Share on other sites More sharing options...
UKCM Posted December 15, 2013 Share Posted December 15, 2013 Congrats! I love the 'you lost your tax break' comments. Really, Pay a dollar in interest, write it off on your return. It reduces your income, it is not a credit, so you spend a dollar to save 35 cents (assuming you are paying 35% out in taxes) It is a great feeling to wake up in the middle of the night and know you own what you have. Oh and does your credit rating matter if you do not need to borrow money? Quote Link to comment Share on other sites More sharing options...
Gordie Posted December 15, 2013 Share Posted December 15, 2013 Congrats PB must be great knowing that. All you owe is TAXES, but that debt can wait Quote Link to comment Share on other sites More sharing options...
LightningBG Posted December 19, 2013 Share Posted December 19, 2013 Dont forget that if you fail to pay your property taxes, they'll take your house. Unfortunately, you dont own that house, just renting from the government. Quote Link to comment Share on other sites More sharing options...
pushbutton Posted December 20, 2013 Author Share Posted December 20, 2013 Yeah, a thousand years from now the history books are going to lump us schmucks in with the serfs and indentured servants....... Quote Link to comment Share on other sites More sharing options...
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