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.