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SVTPerformance's Chain of Restaurants
Road Side Pub
Paying off debt
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<blockquote data-quote="aaron97" data-source="post: 16509216" data-attributes="member: 66010"><p>Congrats. I paid off my house last spring. It was a great feeling, to have paid off the 30 year loan in just 10 years. We also paid off the Shelby and the wife's Lincoln last year too. Managed to do all that while packing away the maximum contribution to the company 401k and started a personal IRA 6 years ago too. The nice thing about having so much extra cash on hand from a lack of monthly debt is that it has made it easy to take advantage of the stock market fall earlier this year, so I've been trying to buy up as mush random stocks as I can right now for the long-term payout. This way I'll have 3 avenues for retirement income when the time comes. </p><p></p><p>I guess I am just thankful that my parents were very adamant that I join the military out of high school. After I served two-terms I got out and the GI Bill covered my BS and 2/3s of a MBA, so I have been fortunate enough to not have school debt. </p><p></p><p>The only downside to paying off a house is the realization that you still have to pay on the house... My mortgage was $1,700/mo. and now that I own the house, it still costs me $700/mo. in property tax & insurance. But I cant complain about having an extra $1k in my pocket each month.</p></blockquote><p></p>
[QUOTE="aaron97, post: 16509216, member: 66010"] Congrats. I paid off my house last spring. It was a great feeling, to have paid off the 30 year loan in just 10 years. We also paid off the Shelby and the wife's Lincoln last year too. Managed to do all that while packing away the maximum contribution to the company 401k and started a personal IRA 6 years ago too. The nice thing about having so much extra cash on hand from a lack of monthly debt is that it has made it easy to take advantage of the stock market fall earlier this year, so I've been trying to buy up as mush random stocks as I can right now for the long-term payout. This way I'll have 3 avenues for retirement income when the time comes. I guess I am just thankful that my parents were very adamant that I join the military out of high school. After I served two-terms I got out and the GI Bill covered my BS and 2/3s of a MBA, so I have been fortunate enough to not have school debt. The only downside to paying off a house is the realization that you still have to pay on the house... My mortgage was $1,700/mo. and now that I own the house, it still costs me $700/mo. in property tax & insurance. But I cant complain about having an extra $1k in my pocket each month. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Paying off debt
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