Saturday, March 22, 2014
Milestone Reached: Student Loan and Medical Debt paid Off!
Things have been slow and steady lately. I've been focusing on paying off debt while I work on things around the house. This month I finally made the last payment on my student loan and medical debts. This is a huge accomplishment. Saving me about 300 bucks a month!
I will now focus on paying off "Victorian House 1." Luckily this has the lowest balance and highest interest rate. I plan on having this done by mid 2015. Whats exciting here is my passive income by then will outweigh my bills and I could retire if I choose.
As it stands, 89% of my monthly expenses are covered by passive investing activities. This is a very good situation to be in my late 20s.
I appreciate everyone's support with this blog, and want to the everyone for following up on my comments that I throw on other blogs =P. The online savvy investor community has been a great motivator for me, and a great way for me to engage other people with the common interest of being financially independent. Most folks I run into on a daily basis don't have the same financial goals.
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Congrats on getting these debts paid off. That's $300 a month extra to help accelerate the payoff of your mortgage.
ReplyDeleteAwesome IE. Very happy to hear about your progress.
ReplyDeleteGood news, indeed! At least you’re now free from the stress when that time of the month when you have to pay for it. I must say, it's amazing that you managed to give your last payment in your 20’s. And saving up to three-hundred dollars at a time is a big thing. Congrats!
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