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Thanks Ben. Part of the reason for blogging my journey
is to show that it can be done.
posted by
SuccessWarrior
on January 4, 2007 at 2:32 PM
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Success
There, I'll agree - paying off a thirty-year note in five years really is an accomplishment. It takes hard work and some sacrifice, but your steps are valid ways of doing that.
posted by
kidnykid
on January 4, 2007 at 2:04 PM
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Ben, according to our calculations
We will have the house paid off in the year 2010. A 30 year loan paid in 5 years will be a great feeling. Actually we will aim for quicker than 2010. We'll see how well everything works out.
posted by
SuccessWarrior
on January 4, 2007 at 1:53 PM
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It sounds as if you're on the right track!
It also sounds as if you're well on your way to being debt-free by 2010 (if I'm reading this blog correctly - I could be wrong).
posted by
kidnykid
on January 4, 2007 at 1:36 PM
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Or credit card purchases which have no value
You're paying interest on something that has no value.
Or if you bought food, either by dining out or by getting groceries, you're paying interest on something that you have flushed down the toilet.
posted by
SuccessWarrior
on January 4, 2007 at 11:12 AM
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Success…truly, so many people are an outright slave to interest...
It is the modern method for securing servitude and serfdom. I’ve been there. Saving for what you want is harder but it doesn’t take as long as you might think because you are receiving, not paying, compound interest by so doing. Paying interest is sort of like burning money and its all the worst if your paying it on depreciating assets, like an automobiles.
posted by
telemachus
on January 4, 2007 at 10:55 AM
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