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Paid off my house yesterday.

Posted on 8/14/21 at 9:51 pm
Posted by LatinTiger30
New Orleans
Member since Oct 2007
4428 posts
Posted on 8/14/21 at 9:51 pm
I'm officially debt-free. I owe nothing to anyone. I'm going all-cash from here on out. I'm also going to invest like a wild man.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72674 posts
Posted on 8/14/21 at 10:00 pm to
congrats. welcome to club. paid mine off 10 years ago.

Posted by wiltznucs
Apollo Beach, FL
Member since Sep 2005
8967 posts
Posted on 8/14/21 at 10:04 pm to
Congrats on a huge step towards financial freedom!
Posted by LSUTOM07
Baton Rouge
Member since Dec 2011
765 posts
Posted on 8/14/21 at 10:06 pm to
With interest rates at all time lows, at least you have peace of mind.
Posted by kaaj24
Dallas
Member since Jan 2010
608 posts
Posted on 8/14/21 at 10:07 pm to
Congratulations
Posted by Hickok
Htown
Member since Jan 2013
2868 posts
Posted on 8/14/21 at 10:37 pm to
quote:

I'm officially debt-free

I’m jealous!!
quote:

I owe nothing to anyone.

Uncle Sam laughs, don’t forget those taxes.
Posted by Turf Taint
New Orleans
Member since Jun 2021
6010 posts
Posted on 8/14/21 at 10:37 pm to
Congratulations!

Gave up investment time for peace of mind, and I salute you!

However, I am about the investment time > peace of mind.

Any regrets for choosing to pay off sooner than investment growth?

Hope not! Congratulations to you!!
Posted by AUCE05
Member since Dec 2009
42568 posts
Posted on 8/14/21 at 10:59 pm to
Congrats
Posted by 98eagle
Member since Sep 2020
1964 posts
Posted on 8/14/21 at 11:51 pm to
Congrats. Huge milestone to becoming wealthy as you are now exclusively an interest earner and no longer paying interest.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72674 posts
Posted on 8/15/21 at 12:20 am to
real simple. all situations are not alike.

i had a high rate and did not owe alot so it did NOT pay to refi. i paid it off. now had i had a huge mortgage and low rate of course i would milk low rate and pay everything else off instead.
Posted by I Love Bama
Alabama
Member since Nov 2007
37715 posts
Posted on 8/15/21 at 6:33 am to
Not many people truly experience what real freedom is. You are experiencing that now.


Congrats!
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2132 posts
Posted on 8/15/21 at 6:55 am to
Congrats! Invest like wild and you'll be set. Don't slow the pace now. Get to building that army of $ bills to work for you.
Posted by cadillacattack
the ATL
Member since May 2020
4392 posts
Posted on 8/15/21 at 6:59 am to
Feels great , doesn’t it?
Posted by Popths
Baton Rouge
Member since Aug 2016
3965 posts
Posted on 8/15/21 at 7:49 am to
Welcome to the club. No better feeling.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119181 posts
Posted on 8/15/21 at 7:54 am to
Congrats. I did that, then built a house and have a mortgage again. I hate it.
Posted by RoyalWe
Prairieville, LA
Member since Mar 2018
3118 posts
Posted on 8/15/21 at 8:03 am to
Congratulations -- I'm envious. This is the one area of my financial life that I wish had been managed better (not for lack of trying, but for lack of spousal alignment).
Posted by nEVERhappy
Geismar
Member since Sep 2009
351 posts
Posted on 8/15/21 at 8:37 am to
Congrats! Great feeling and GOAL you achieved. Just don't invest so heavily until maybe another bubble burst. The markets are still at an all time high right now...
Posted by St. Pete Tiger
"Shaqapulco"
Member since Feb 2005
2387 posts
Posted on 8/15/21 at 9:52 am to
Congrats, did mine last in the spring. Yes, very personal math on investing vs. house.

Geaux Tigers.
Posted by ItzMe1972
Member since Dec 2013
9802 posts
Posted on 8/15/21 at 10:06 am to
In the Old Days this would result in a mortgage burning party!

Make a copy and torch it.

Congrats.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72674 posts
Posted on 8/15/21 at 10:06 am to
quote:

Congrats. I did that, then built a house and have a mortgage again. I hate it.




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