That's terrific, Swamp! Good for you. That's the best investment you could have made by far. The "return" youre getting from eliminating all of that interest is a lot more than you'd be getting had you been putting all of that into the stock market. That's for sure.

Thanks, Dee! But think of the buying opportunities! :D

Swamp! You're my hero, man! And an example for those who think they can't get out of that kind of rut without those credit card debt assistance companies!

You said it plain and simple...time, sacrifice, and even taking on additional work!

I'm slowly working on mine as well, (aside from all of those darned projects), and maybe can post the same before my kid goes off to college!

Just in time for you! Who knows? If things get REALLY bad, banks may start calling in their loans!!! :eek:

Swamp! Old Buddy! Old Pal. Lend me some money then :D:D

You da man! I make it a point to never have a car payment. Seems to work well.

That's the way I look at down markets. I don't put money into equities that I know I'll need anytime soon. When everything goes the way it's been going lately, I buy the stuff that I've been watching for a while at bargain prices. The market always overreacts. When it does, I try to be there with cash in hand. It's like a giant fire sale.

No small accomplishment for a man with all the cars you have . . . .

Awesome Swamp, absolutely awesome. I remember about a year ago talking about debt and you weighing in on it. Way to go!

I have payed off 15k in the last 10 months and I have about 19k to go then I will be 100% debt free. My goal is 1 year from now. One credit card and one loan...I can see the light!

Nice work.

Thats sometimes a very good idea, a local bank is doing them for 4.5%. Use the HELOC to pay off all the high interest debt, and now you have just one payment, with less interest, so if you keep paying what you were it eats the principal fast! Just can't go rack up the debt again.

Good to hear Swamp!:cool:

I will owe just under $20G's when I get out of school. If I can still sell houses I'll have to sacrifice one deal to kill it.

Well done!

I would pay off the 10% car loan rather than putting extra
payments on the mortgage. Mortgage interest should be lower
plus a tax deduction.

Save emergency money.

401K vs mortgage: I would add more $ to the 401K than mortgage, after
paying off the car and emergency savings.

Well done. Nothing like being debt free. It's liberating not to have a lease on your future labor.

Thanks, G! I also came to the realization that I'm "only" 7 years away from kid #1 ostensibly going to college :eek: and I'd better get myself out of the hole before I started digging that one. Then #2, don't know what the future holds for #3 but won't rule out anything, then #4. :eek::eek::eek: It feels good even if only temporary. :)

Our house will see some long-delayed attention, too.

Aklim, you're a sweetheart. No. :D

Thanks, pp! That is a short-term goal of mine which I hope to continue indefinitely. I can't promise to execute it to the level, or abundance, that you have. ;)