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#3551617 - 04/06/12 01:38 AM Re: I've got to scream: We Are Debt Free!!!!!!! [Re: Airdrop01]
wheelsup_cavu Offline
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Registered: 12/03/08
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Congratulations on making that life changing event happen at such a relatively young age.


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#3551622 - 04/06/12 01:56 AM Re: I've got to scream: We Are Debt Free!!!!!!! [Re: Airdrop01]
Weasel_Keeper Offline
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Registered: 06/28/01
Posts: 9789
Loc: Fort Wayne, Indiana, USA
Originally Posted By: Airdrop01
The kid ship has sailed. They're 13,10 4 and but for three miscarriages we'd be to at least six kids by now. But, we will never owe money again...ever!


Have you seen what college costs nowdays? wink Of course with no mortgage you should be able to bank quite a bit in the next 5 years.

I was getting close to being debt free and then we decided to buy a house in the country. First house still hasn't sold in this economy and my daughter decided to go to one of the most expensive private universities in Indiana. She's still "daddy's little girl" so I can't say no to her...lol. At least my 3 vehicles are paid off...lol. Paid cash for all three (used).

Congrats on buckling down and getting it done!
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#3551637 - 04/06/12 02:53 AM Re: I've got to scream: We Are Debt Free!!!!!!! [Re: Airdrop01]
Airdrop01 Online   grunt
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Registered: 01/07/01
Posts: 3874
Loc: Lenexa, Kansas, USA
Yeah, I've seen your country house pictures up here before. That place is nice.
The college will be costly but we can cash flow it easily as we're already paying for private school (Catholic) for them and believe it or not, that isn't that much different than KU, for example.

It is pretty cool paying cash for cars. I have always loved telling them "I don't want any lease talk and I don't give a crap what the rates are or what the monthly payment would be because there is only one payment and that is the price."
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#3551697 - 04/06/12 08:23 AM Re: I've got to scream: We Are Debt Free!!!!!!! [Re: Airdrop01]
Cat Offline
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Registered: 08/08/00
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I felt like Airdrop when I got out of my student loans last month smile . We're not done with our debt-load yet; still some things from selling our house left over, some money we owe Uncle Sugar, and of course, the vehicle payments. But the Big One is gone now.

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#3552186 - 04/07/12 01:37 AM Re: I've got to scream: We Are Debt Free!!!!!!! [Re: oldgrognard]
Freycinet Offline
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Registered: 04/15/02
Posts: 13361
Originally Posted By: oldgrognard


Debt is poison to both personal and national financial health.


But what would either be without loan instruments? Totally stagnant, as in most of human history...
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#3552257 - 04/07/12 08:01 AM Re: I've got to scream: We Are Debt Free!!!!!!! [Re: Airdrop01]
Wireman Online   content
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Registered: 03/22/03
Posts: 4140
Loc: The First State, USA
True, debt is good as long as it is manageable.

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#3552591 - 04/08/12 12:10 AM Re: I've got to scream: We Are Debt Free!!!!!!! [Re: Airdrop01]
vocatx Online   content
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Registered: 03/29/06
Posts: 1897
Loc: Voca, Texas
No, debt is NOT good. Commerce is good. You can have commerce without debt.

Congrats on paying off the mortgage! Now you can live like no one else!

We should be to that point in just over two years. I don't plan on ever having another payment again. I HATE payments.
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#3552672 - 04/08/12 07:51 AM Re: I've got to scream: We Are Debt Free!!!!!!! [Re: Airdrop01]
Wireman Online   content
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Registered: 03/22/03
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Debt IS good, as long as it is manageable.

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#3552700 - 04/08/12 09:07 AM Re: I've got to scream: We Are Debt Free!!!!!!! [Re: vocatx]
PanzerMeyer Online   centaurian
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Registered: 04/04/01
Posts: 78926
Loc: Miami, FL USA
Originally Posted By: vocatx
No, debt is NOT good. Commerce is good. You can have commerce without debt.

Perhaps commerce at the household or municipla level but do you really believe a modern day economy at national or international level can be run completely debt free?

The vast majority of small businesses get started with loans. That's debt isn't it?
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#3552847 - 04/08/12 03:24 PM Re: I've got to scream: We Are Debt Free!!!!!!! [Re: Airdrop01]
tahoman Offline
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Registered: 10/27/03
Posts: 533
Loc: Spanaway, WA
Congratulations! My wife and I hope to be there soon...

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