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re: Credit card and bullshite debt??

Posted on 7/24/13 at 8:53 am to
Posted by Martini
Near Athens
Member since Mar 2005
48878 posts
Posted on 7/24/13 at 8:53 am to
I don't think they are serious about it or he wouldn't be joking about badass tv and bed.

I owe ZERO. I hunkered down, listened to Dave Ramsey, ate beans and baloney, didn't go to sports bars and paid off $200,000.00 in three years including mortgage.

It helps to have a motivated spouse as well as yourself. Get rid of all cards except one. Bow your head and get to work. Pay cash and only keep a card for emergency use.

I haven't owed a dime in six or seven years and what I was dumping on debt is being dumped into building wealth. It's the greatest feeling in the world. Do it and do it now.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 7/24/13 at 8:57 am to
Wife and I are about to start this since she graduates in a month and will (likely) have a job in September.
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38656 posts
Posted on 7/24/13 at 10:00 am to
quote:

It's the greatest feeling in the world. Do it and do it now.




Only thing we owe is the house. Have just under 14 years left at 2.875 %. Still in our 30's.

Our goal is to be able to retire early in our 50's.

"If you live like no one else, then later you can live like no one else." - Dave Ramsey - this finally struck home with me after I realized that I was sick and tired of being sick and tired.
Posted by Oenophile Brah
The Edge of Sanity
Member since Jan 2013
7544 posts
Posted on 7/26/13 at 9:14 am to
quote:

paid off $200,000.00 in three years including mortgage.

You paid off $200k in 3 years? That is impressive.

Were you active in balance transfers? I know that can be a good way to take advantage of short term offers to lower rates(mini arbitrage).


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