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re: Anybody here completely debt free?
Posted on 1/13/15 at 2:01 pm to Tiger Ryno
Posted on 1/13/15 at 2:01 pm to Tiger Ryno
close. I carry monthly balances on credit cards... convenience and online shopping.
1
Posted on 1/13/15 at 2:02 pm to Tiger Ryno
Yes
Posted on 1/13/15 at 2:02 pm to Tiger Ryno
Just have the house left as far as debt. Cars and student loans paid off last year. Mortgage still has about $550k left on it though. 
At just 4% interest along with the mortgage interest deduction on taxes - in no real hurry to pay if off.
At just 4% interest along with the mortgage interest deduction on taxes - in no real hurry to pay if off. This post was edited on 1/13/15 at 2:06 pm
Posted on 1/13/15 at 2:03 pm to ccomeaux
quote:
close. I carry monthly balances on credit cards... convenience and online shopping.
I wouldn't really consider that debt if you're using it like a debit card and paying it off every month.
It would be dumb not to get those points. Hell, I just got a companion pass out of it
Posted on 1/13/15 at 2:03 pm to yellowfin
quote:
I'd rather be cash heavy than house heavy
Yeah, but I envision the current place as a future rental property, so the faster it's paid for, the faster it's straight profit.
And we're not hurting in either department anyway.
Posted on 1/13/15 at 2:05 pm to TigerBait1127
Just being precise 1127. But yeah, Im practically debt free @ 47. Life is good.
Posted on 1/13/15 at 2:06 pm to LSUBoo
I go back and forth on buying rentals, I really do want to frick with it
Posted on 1/13/15 at 2:07 pm to Tigerlaff
quote:
(read: lightly used) car sometime around 2019. Until then, stack paper.
Need to be investing that paper
Posted on 1/13/15 at 2:08 pm to yellowfin
quote:
I go back and forth on buying rentals, I really do want to frick with it
I do frick with it.
Stay out of my game son
Posted on 1/13/15 at 2:09 pm to yellowfin
You think you can get me one of them low cost houses for rent
Posted on 1/13/15 at 2:09 pm to Tiger Ryno
Only mortgage. Never had any other form of debt. Not a $0.01.
Posted on 1/13/15 at 2:11 pm to DirtyMikeandtheBoys
I'd rather do something like my own mini private equity firm
Posted on 1/13/15 at 2:11 pm to DirtyMikeandtheBoys
Yes, I am, but thinking of buying a new car this year. 10X better to take a loan out then use my monies to pay cash.
Posted on 1/13/15 at 2:11 pm to Tiger Ryno
Mortgage and thats it. Fortunately, I owe less than 100k on my house.
Posted on 1/13/15 at 2:11 pm to SoDakHawk
quote:
Yeah, and people like that are called deadbeats.
Your mom's a fricking deadbeat. Quit hatin'.
Posted on 1/13/15 at 2:11 pm to yellowfin
quote:
I go back and forth on buying rentals, I really do want to frick with it
it can be a big pain in the arse, I just had to put a new roof on a place of mine in FL, probably because the tenant(s) failed to mention that there was some water getting in in an obvious location over a period of time, on the other hand I have a friend that retired pretty young after acquiring about 40-50 low income homes in foreclosure, fixing them up and collecting rent from the government, he did have an insider at the bank helping him get the properties though
Posted on 1/13/15 at 2:13 pm to yellowfin
quote:
I'd rather do something like my own mini private equity firm
Yes, I have put thought into this as well,
I just can't quite figure out how to make it work yet. You need a partner?
Posted on 1/13/15 at 2:14 pm to 777Tiger
i'd do something similar cause thankfully family owns a bank
Posted on 1/13/15 at 2:14 pm to Tiger Ryno
quote:
Anybody here completely debt free?
Used to be just mortgage.
Now it's mortgage and a pool.
Posted on 1/13/15 at 2:14 pm to fishfighter
quote:
Yes, I am, but thinking of buying a new car this year. 10X better to take a loan out then use my monies to pay cash.
I'm getting close to figuring out how I can get rid of my truck and cash flow in the black btw payments and gas by getting a Tesla
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