Debt free.

Discussion in 'Off-Topic' started by MSP, Aug 5, 2012.

  1. Chainblade

    Chainblade Junior Member

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    thanks for the welcome :) haven't been here for quite a long time. I think I got mad at someone and left lol. Been busy too. I'll try to post from time to time...

    back on topic though, i think about just cancelling all my credit cards. it sure would make my life easier. only problem is then my credit score would tank. unfortunately, auto insurance rates and even some jobs care about your credit so i haven't done it. god, credit is one of the biggest scams in the industry...so sad.
  2. mistawiskas

    mistawiskas kik n a and takin names

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    I paid all mine off and my score is now OK. All this just in time for major medical to put me back in debt again. It's like we're locked into this
    servitude shit whether we want to be or not.
  3. mistawiskas

    mistawiskas kik n a and takin names

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    BUMP!!!
    As of 10 minutes ago......the very last penny of debt (car payment to Ally Bank) has been totally paid off!!! I am totally, down to the penny, debt free.
    The crash of '07/'08, being mostly unemployed for '08 -'10 and still managed to pay every last single bit of debt off: CC payments, medical, personal loans, child support, two vehicle payments, everything......gone!
    There has been an urge to get a new truck for work, but with the insane prices and the pussification of the pick up trucks on the market, I believe I'll just bank my dollars
    and make due with what I have for now and pay cash when the time comes.
    In the last 7 years, I have (by necessity) learned to want my needs, rather than need my wants. This has the neat side benefit of having more income than outgo enen
    if what I make is considered low income. I have more coming in than it takes to live for probably the first time in my life. My business is growing and things look rosier for now.
    Just had to share this. I thought the day would never get here.
    Sparky, Commissar Smersh and 86mcss said thanks for this.
  4. Lord Kain

    Lord Kain Keeper of the Timeline Staff Member

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    Damn congrats! That's awesome to read.

    Now all your money can go through savings or projects to improve your everyday life.

    These are really good news. I'm happy for you!
  5. mistawiskas

    mistawiskas kik n a and takin names

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    Immediately after making my last post, I walked outside. for the first time, my mind was free of that debt burden and the clouds parted (we've been having a summer rain storm).
    All I could hear was the birds chirping. It sounded like one of those jungle documentaries. There wasn't any of that: "how much should I rob from peter to pay paul" going on in my head.
    I haven't walked in the forest without my brains feeding me a bunch of self talk for a long time. It's sure going to be nice to really be able to 100% concentrate on my surroundings.
    now I get to save money and watch my balances grow upwards, instead of pay money to watch my outstanding balances grow downwards. :D
  6. 86mcss

    86mcss Devouring your Soul

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    now all you need is a haircut and you will be a new man! ;)
    Commissar Smersh says thanks for this.
  7. mistawiskas

    mistawiskas kik n a and takin names

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    The thought crossed my mind for at least 2 milliseconds. ;)
    no kidding though. I have scrapped, went without luxuries and saved for 7 years for this day.
    Most of that 7 years it seemed as though this day would never happen.
    One of the biggest freedoms is: For 37 out of the last 55 years, I had child support dogging me.
    Enough was paid to buy two houses and now it's all behind me, every last penny!
    Our two vehicles were paid off at least a year before the contract maturity and now I get to LOL
    at all those credit card offers (at least three a day) that show up in the mail box.
    The main thing I learned by stepping away from the credit/capitalism world is how much a scam everything is.
    Every word, every image is designed to separate us from our money. I don't want to play that game any more.
    Needing my wants got me into a world of hurt and made some fat cat richer in the process.
    Life is much more enjoyable when I want my needs.
  8. MSP

    MSP Haunting a dead forum...

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    Congrats!

    A year later, and with an unemployed wife, we're still in the black and actually generating a small surplus. We're living well, having fun, bought a convertible, etc. Just makes you wonder what I was doing with all of that money before.
  9. mistawiskas

    mistawiskas kik n a and takin names

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    paying interest probably.
    So glad to hear everything is well at the Ryan household.:cool:
  10. El_Presidente_Pufferfish

    El_Presidente_Pufferfish I grew up here

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    In a thread about being debt free, doesn't buying a convertible when only generating a small surplus seem...iffy?

    I imagine something is being lost on the internet about the relative size of this small surplus
  11. MSP

    MSP Haunting a dead forum...

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    Well yeah, I guess "small" is relative. I paid cash for a '96 Miata, which was less than 5 grand.
  12. Steve Juneau

    Steve Juneau I am teh em0z LULZ

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    I am waiting for that day. Practically aching for it. To finish a month with money left in the bank, rather than empty the bank a week before payday. I have 2.5 years left to pay on my car, then 2 credits cards and an overdraft to clear. About £8,000 in total. Which isn't a huge amount for a 28yr old, but I could certainly do without it.

    Congrats Wiskas and MSP, I am insanely jealous of you both :)
  13. mistawiskas

    mistawiskas kik n a and takin names

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    The feeling of total freedom that comes with being out from under the hand of financial institutions is equally, if not more, overwhelming. but in a totally good way.
    It's well worth investing the time and resources to achieve. In 2005, everything was going great guns and money/work was plentiful. then, nearly overnight, all
    that changed. My debts were in excess of 80 thousand. it's still hard to believe that it's all gone without a bankruptcy filing. The first step was to get all those insane interest rates
    reversed and put back where they were pre-financial meltdown. Then and only then, were the balances able to go down. I still resent the financial institutions for pulling that shit.
    but, if you read the terms of service for any professional debtors, they pretty much demand that you write them a blank check in order to borrow a single penny from them.
    "Morals have nothing to do with the debt industry" is what I was told by American Express and almost verbatim from Capital One. o_O That all sure sounds different than anything you'll hear in a TV ad.
  14. ThatHideousStrength

    ThatHideousStrength Junior Member

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    I remember paying the final 11,000 in one fell swoop to just get rid of my student loans. I've been debt free for like 3 years now and it's awesome.
  15. mistawiskas

    mistawiskas kik n a and takin names

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  16. gB dAvId x

    gB dAvId x thats what she said

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    I don't owe more than 35% on one of my card (it will be paid down to under 30% next month) - should be paid off by end of the year, my credit is above 750 :D
  17. Sparky

    Sparky ¿sdooɥʍ

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    ZOMG, I'm down to $40k to Wells Fargo and $20k to Fedloan. SO CLOSE 2 DEBT FREEE ;)
    czechrboard tassia says thanks for this.
  18. mistawiskas

    mistawiskas kik n a and takin names

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    I sure hope that the student loan (sharks) don't stay double as they are right now. Those poor kids won't stand a chance of paying off those kinds of debts unless they can get
    full time jobs and live with their parents until they are in their late thirties. Something needs to be done because the loan sharks are now writing the rules and it doesn't benefit
    anyone but stockholders in a totally unsustainable way. The American Dream has turned to a policy of who can take the most money and run.
  19. MSP

    MSP Haunting a dead forum...

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    On a related note, how's the job search going?
  20. gB dAvId x

    gB dAvId x thats what she said

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    He did major in English - couldn't be going that great...
  21. Sparky

    Sparky ¿sdooɥʍ

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    Hurhurhurhurhur. . . .

    Actually, MSP, it's going alright. I've had several promising interviews in the past few months and I was even comped on a night in a Vermont B&B by a prospective company. That didn't pan out, but I'm doing just fine. I'm catching interviews here and there, each one helping me build up my chops. I have a pretty good prospect in NYC through a friend, position just opened up but I'm hoping to have an interview down there in a week or two.

    In the meantime, masonry labor and freelance web design jobs are paying my bills, and sometimes they afford me a night of drinking with my friends. My girlfriend (who graduated with the same degree) just started working full time at a bank. It's not what she envisioned herself doing obviously, but she enjoys it, it pays quite well, it gives her a routine with plenty of hours, and it's helping us save up for that deluxe studio apartment in the sky Brooklyn. It could definitely be worse. It's just tough because there's so much more competition for these jobs since nobody wants to work trades anymore. ;)

    Edit: The most frustrating part of it all though is how long it takes for a company to get back to me, if they actually get back to me at all. On average it takes 1.5-2 months to hear back. . . negatively. :p
  22. mistawiskas

    mistawiskas kik n a and takin names

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    It's true, nobody wants to work the trades anymore. Couple that with the journeymen that just got plain sick and tired of the feast-or-famine nature of working with hands, and there's suddenly nobody left to build for the future. What's that mean? Not enough structures to meet the demand and huge assed price increases as a result.
  23. bigwill51534

    bigwill51534 Saint, Church of Ryanism

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    I've noticed that trend as well. There aren't many skilled tradesmen around anymore. Look at the small auto mechanic shops, plumbing shops, electrician shops, and even general contractors. They don't really exist anymore. The only companies that seem to thrive anymore are the insanely huge companies that can provide a poor quality product, but make their money back by pure quantity. A majority of these businesses hire drug addicts, drunks, or men straight out of the correctional facilities because nobody else wants to do physical labor. There isn't a pride in doing a job with your hands anymore. Nobody really sees a job as a roofer, plumber, or electrician as being rewarding. Myself, I love seeing something be built out of a pile of raw materials. I love taking something that might seem worthless and create something of it that is of use to others.

    The issue seems to be that everyone nowadays feels entitled to immediately fill a management or supervisory position. We are taught all throughout school that if we go to college we will immediately be given a job that pays six figures. We are also taught to go to college for what we enjoy, vice what we will be able to survive on. Now, I'm not saying that we should be working at jobs we hate and be miserable. But, our colleges need to start teaching people how to use their own personal skills and interests to earn a living and survive in the outside world. Also, colleges need to be much more selective and quit granting degrees to people who honestly have no clue what they are doing. I've met many people with degrees that are far more inept than you guys can even imagine. Degrees don't honestly have much meaning anymore. We need to get back to the level where colleges and universities selected specific people to earn degrees and make them earn it. Quit admitting everyone and trying to just collect more money from tuition.

    ~Will Courtier~
    mistawiskas and 86mcss said thanks for this.
  24. mistawiskas

    mistawiskas kik n a and takin names

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    Sadly, the odds of anything changing is very slim. There's huge profits to be made the way things are now. This horse will be ridden into the ground, a lot of pretty words will be spewed forth after it collapses, there'll be brief recovery and then the cycle will repeat itself. Nothing changes for real until there's no more insane profits to be derived from whatever the industry. We got locked into this
    way of life when we went from a manufacturing economy to a debt based economy. There will soon be only two classes: upper and lower. Middle class won't exist except only in words.
  25. czechrboard tassia

    czechrboard tassia Likes gay people.

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    I'm finally under the $150K mark. Just keep chipping away every month.

    Good news is that my position at work is shifting and I see potential for a title change/pay increase by the end of the year. Fingers crossed!