Comments on: We’re Free of Consumer Debt!!!!!!

By: Clever Dude

Clever Dude — Sat, 02 Jan 2010 20:53:02 +0000

@Rachel, I consolidated my loans into 2 loans and Stacie’s into 1 loan shortly after I graduated college. It only marginally lowered my interest rate, but it made repayment much more manageable.

By: Rachel

Rachel — Sat, 02 Jan 2010 17:22:46 +0000

Congratulations!

You are such an inspration to us! My husband will graduate from medical school in May and will leave with just under $115,00 in student loan debt. We don’t have any other debts but let’s be honest….how could we with that much student loan debt?! I was intrigued by the format your loan tracking was in…how did you track all of them down? My husband has a combination of federal and private loans from undergrad and med school and it seems like the hardest part is keeping track with who owns them now. Any advice you would have for us would be much appreciated. And again, congratulations on your awesome accomplishment!

By: Ryan

Ryan — Sun, 20 Dec 2009 02:03:23 +0000

Congratulations, that’s gotta be such a huge weight off your shoulders!

Ryan @ Plantingdollars

By: AJC @ 7million7years

AJC @ 7million7years — Tue, 08 Dec 2009 01:16:26 +0000

Sorry, final question: what return do you expect to get on your investments over the long-haul?

By: Clever Dude

Clever Dude — Thu, 03 Dec 2009 00:48:07 +0000

@AJC. Good question. Don’t mind the math as I rounded:

Cash: 17%
Investments: 37%
Home Equity: 6%
Autos: 17%
Personal Property: 12% (if I could sell it all right now)
Whole Life Insurance: 5% (yep, I got it, it’s expensive, but I’m not giving it up!)

Investing and savings are next up in our planning. Honestly, we’ve spent so much time just thinking about debt, we haven’t spent much time on the future. Now is the time.

By: AJC @ 7million7years

AJC @ 7million7years — Thu, 03 Dec 2009 00:23:11 +0000

Sounds great!

What’s the breakup, now, between the % of your net worth in your house v in other investments (e.g. 50% house, 40% invested, 10% ‘stuff’ like cars/furniture, etc.)?

And, what return do you expect to get on your investments over the long-haul?

By: Stephen S

Stephen S — Fri, 27 Nov 2009 22:09:04 +0000

Very Nice! Looking forward to reading more details!

By: Roger

Roger — Wed, 25 Nov 2009 16:31:24 +0000

Congratulations! That’s a tremendous accomplishment, and you’re a role model for those of us who still have debt to handle. Keep up the good work, and be sure to share your progress in building up your net worth from here on out. Congratulations, again!

By: FinanciallySmart

FinanciallySmart — Wed, 25 Nov 2009 16:02:39 +0000

Congratulation! You must feel a big relief now moving in the future you stick to being debt free and aim for financial freedom. All the best.

By: Money Funk

Money Funk — Fri, 20 Nov 2009 21:11:27 +0000

Freaking CONGRATULATIONS! I can’t wait until I hear the remaining of the story. My family and I are paying of $85K and we are no where close to the meeting the speed you’ve made your progress. Would love to catch up!

Totally – Congratulations!