I use coupons whenever I see one. Does that make me evil? I'm only 25 and someday I might need that extra money.

Im sure you are right but this is just the easiest way for me to see how I can stop working by 40. Im a live to play person, not work to live. If I can make 75k a yr and not really have to "work" based off of the common definition then i will be much happier. If I pay off 4 properties and own them then I can make residual rent out of them at almost 100% profit after maintenance, insurance, taxes, etc. If I dont do that then I won't have a consistent form of steady income without working

Okay Man, but at least look into a tax-free Money Market account. You can write checks and withdrawal money, just as you can with a normal account.

I'm obviously not privy to your finances but it may help you out in the short and long run.

If it is something you buy anyway....
Coupons = Free Money

Would you borrow 5k more to put in the bank? Then why would you hold a 5k debt when you have triple that in cash to pay it off?

Pay off that student loan and get it out of your life...

Mortgage, you make the call on that, thats a personal choice,My personal choice was to pay it off in full and kick wells fargo to the curb.

By next Friday I will not owe anyone a penny. I'm so looking forward to it.

I don't know why it even matters when the world is going to end in 1.5 years

You're an odd cookie, R8ers. I've never seen someone so in need of justifying his financial decisions to others.

Congrats!!

We just paid off our car 3 years early so we officially only have mortgage debt.

That's just stupid and myopic. If the $5K loan is accruing interest at 4% and the money market is making money at 10% then you've just lost 6% by paying off the loan instead of investing it.

Same goes for the home mortgage. Sure, if you're just going to stuff the cash in a mattress then pay off the debt. But if your rate is 5% and your ROI in the market is 20% /yr averaged over the life of the loan well you just earned a nifty 15% on money that otherwise would have gone in the can.

The only debt one should rush in an "at all costs" fashion to pay off is credit card debt. Christ, right now if got an ARM home loan your rate is actually lower than it was 3 years ago.

I know you like to fellate yourself from atop your high horse for your financial "savvy" but stop being a dick about it because the bottom line is throwing money out the window because you've assigned some misguided evil to debt is reeruned.

I work for my money then I make my money work for me. Bam.

My guitar still costs more than your car and I've still got more cabbage in the couch cushions than you earn in 2 years.

oh and it will feel so good.... Congrats to you and your family :thumb:

Why would you pay someone 4% interest when you have cash money sitting there?

Keep thinking like that and you too will be broke all your life depending on someone else to decide if you will or will not have any money...

Damn right I am odd, as a matter of fact odd enough that I live financially the way 98% of America does not....

I would much rather be "Odd" than up to my ass in debt and trying to justify spending money I don't have.

P.S. you are not making 10% in a money market account, YOU may be making 10% in a ponzi scheme called a money market account.

Give me the name of that bank and a phone number, I will call them Monday