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.

4 comments:

  1. Congrats on getting these debts paid off. That's $300 a month extra to help accelerate the payoff of your mortgage.

    ReplyDelete
  2. Awesome IE. Very happy to hear about your progress.

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  3. Good 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!

    Ravi Agarwal @ MEDIQ Financial Services

    ReplyDelete
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