Cold Pizza Ohio State Fan Member since Sep 2011 7639 posts
re: In debt to well off in 1 year (Posted on 1/1/13 at 9:55 pm to Danchase)
You don't have to stop being a tightass once you're out of debt. Keep the hammer down. In time your investment returns will be enough to support the lifestyle of an OT Baller. Like me.
LSUGUMBO New Orleans Saints Fan Shreveport, LA Member since Sep 2005 3804 posts
re: In debt to well off in 1 year (Posted on 1/1/13 at 10:28 pm to Danchase)
When my wife and I moved in together, she was about $20K in Credit card debt. We committed every spare dollar we had and paid it all off plus some in just over a year. It was a very gratifying feeling. Congrats to you, man.
fishfighter LSU Fan Baton Rouge Member since Apr 2008 11142 posts
re: In debt to well off in 1 year (Posted on 1/2/13 at 7:02 am to Danchase)
quote: At this point it's conceivable for me to save upwards of 50% down payment on a home depending on how the market does in the next 5-15 year. I'd like to not buy a home at all while I'm in the military but that can change depending on several factors
With intrest rates were they are at, one would be crazy NOT to buy a house now. The future will show that rates will be going back up in the 7% range in the next 3-4 years.
