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Old 05-27-2022, 05:57 PM   #1
Black-N-Red
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Default The day has come….

Everything inside my fence is pay for!!! Sold my house in Willis & closed today. Cash deal put the money in the bank & paid off my 30 acres here in Weldon now the debt free life begins. Never really realized how much of a weight 2 mortgages was but today I FEEL GOOD!! God is good, I was able to retire 4yrs ago at 41 & today we’re debt free.


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Old 05-27-2022, 06:05 PM   #2
RR 314
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In all seriousness, how were you comfortable retiring at 41 years of age with two mortgages/debt? I take it cash greatly outweighed liabilities? Congrats either way.
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Old 05-27-2022, 06:14 PM   #3
Gumbo Man
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Congrats.
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Old 05-27-2022, 06:18 PM   #4
Texas Grown
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Congrats!
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Old 05-27-2022, 06:33 PM   #5
ctom87
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That is fantastic, congrats!
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Old 05-27-2022, 07:28 PM   #6
Big Lee
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Best feeling in the world!

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Old 05-27-2022, 07:39 PM   #7
Jon B
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Someday
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Old 05-27-2022, 07:42 PM   #8
easeup
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Oh Happy Day!
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Old 05-27-2022, 07:42 PM   #9
Kingfisher789
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Atta boy!
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Old 05-27-2022, 08:27 PM   #10
rtp
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Quote:
Originally Posted by Black-N-Red View Post
Everything inside my fence is pay for!!! Sold my house in Willis & closed today. Cash deal put the money in the bank & paid off my 30 acres here in Weldon now the debt free life begins. Never really realized how much of a weight 2 mortgages was but today I FEEL GOOD!! God is good, I was able to retire 4yrs ago at 41 & today we’re debt free.


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Welcome to the club. Being retired with no debt is indeed a blessing. Congrats!


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Old 05-27-2022, 08:33 PM   #11
Buckshot4900
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Congratulations!!
It took me a little longer to figure it out but ain’t it a good feeling?
Like my Dad use to say… “now don’t go do stupid again.”


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Old 05-27-2022, 09:03 PM   #12
KGreene
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I’ve had bills since I was 18 years old with a new born. I paid everything off last February and it’s amazing the stress it relieved. I feel twenty again.
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Old 05-27-2022, 09:09 PM   #13
bbbuck
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Heck yeah.
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Old 05-27-2022, 09:25 PM   #14
tigerscowboy
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Looks like many of you here got on the right path immediately.

I still struggle in thoughts and where I can make a leap. Wife's dream suburban is paid off, truck is paid, all my toys are paid, house has 18 more mortgage payments left (at 3%), youngest/last son's education is all set, his gift fund and auto allowance is nice, & we have $ for retirement living based on all calculations (SS isn't a part of any of my calculations) ...

but I still lose sleep over business, employees, and successful ventures. Neither of us will have to work after 2023 except to set the example for our youngest and we just like to get things done and be rewarded. Considering that maybe this is that point when we should invest our efforts into a 2nd place for all of family to enjoy now and after it's over? Maybe start a small business and hire the best person(s) to operate it?

Last edited by tigerscowboy; 05-27-2022 at 09:28 PM.
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Old 05-27-2022, 09:45 PM   #15
RJK70
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Default The day has come….

I guess it’s nice to be retired at 41 (same age as me) but I have a lot of potential and things I plan to accomplish in my career. Not sure I could just retire. My plan is to set my kids up for life or get them way ahead (they will not know about it until they are older and have careers of their own).

To each his own though, you are probably doing it right! Congrats.


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Old 05-27-2022, 10:08 PM   #16
DUKFVR
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Congrats and retired with no debt is great!
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Old 05-28-2022, 12:53 AM   #17
Black-N-Red
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Quote:
Originally Posted by RR 314 View Post
In all seriousness, how were you comfortable retiring at 41 years of age with two mortgages/debt? I take it cash greatly outweighed liabilities? Congrats either way.

Quote:
Originally Posted by RR 314 View Post
In all seriousness, how were you comfortable retiring at 41 years of age with two mortgages/debt? I take it cash greatly outweighed liabilities? Congrats either way.

Mortgages was the only debt I’ve ever had. I’m 45 & have never had a new vehicle. I’ve always bought used & very cheap. I’ve never paid over $1200 for a vehicle & several have been giving to me. Never been one for the “finer things of life”. Always been happy with what I’ve had & just put money up.


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Old 05-28-2022, 06:18 AM   #18
Hotrodd
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Good for you! Congratulations!
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Old 05-28-2022, 06:22 AM   #19
DedDuk
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Its a great feeling. Im 44, house, land, trucks and toys are all paid for. No dept is a great feeling.
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Old 05-28-2022, 07:15 AM   #20
tps7742
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Good for you. Congratulations.
Never paid $1200.00 for a vehicle. Now that’s amazing.
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Old 05-28-2022, 07:19 AM   #21
hopedale
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Congrats!
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Old 05-28-2022, 07:45 AM   #22
dosrobles
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Congrats!! Very different path than I chose. I do like fine things. I will have paid for 22 years of college when my kids are all done. I’ll leave enough for my grandchildren to go to college. I have traveled, have a small ranch, etc.

I am glad I’m doing it this way but I also respect the heck outa how you did it. There are days I wish I had retired already, and you guys that do it deserve props.
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Old 05-28-2022, 08:00 AM   #23
doright
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Good for you. I was in Weldon Monday.
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Old 05-28-2022, 08:06 AM   #24
WCB
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Now if they would just drop property tax…
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Old 05-28-2022, 08:17 AM   #25
Texas Grown
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Quote:
Originally Posted by WCB View Post
Now if they would just drop property tax…

Sell your property, live in a van, under a bridge, down by a river.


It's like a free KOA campground. Place to stay, fish, and bath in the river. And you can always travel to different bridges all over the U.S. Go see the country!


Just a thought, that sometimes crosses my mind. .....................

Last edited by Texas Grown; 05-28-2022 at 08:19 AM.
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Old 05-28-2022, 08:39 AM   #26
TxMedic
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That’s awesome! I have a little different opinion, but each person has to chose what is most important to them. We enjoy travel and experiences and spend a lot of money on those things. I also believe you have to spend money to make money. Investing in property, air BnB rentals, etc is good debt that I hope will set us for life financially in a few years.
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Old 05-28-2022, 08:42 AM   #27
DaveC
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Quote:
Originally Posted by Texas Grown View Post
Sell your property, live in a van, under a bridge, down by a river.


It's like a free KOA campground. Place to stay, fish, and bath in the river. And you can always travel to different bridges all over the U.S. Go see the country!


Just a thought, that sometimes crosses my mind. .....................

Free at last, Free at last!

I bet you would meet some interesting folks parked along with ya under da bridge.
Just remember to bathe upstream of the encampment.
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Old 05-28-2022, 08:48 AM   #28
speck1
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I’m curious what you plan on doing now that you are retired?
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Old 05-28-2022, 08:59 AM   #29
zztex
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Quote:
Originally Posted by Black-N-Red View Post
Mortgages was the only debt I’ve ever had. I’m 45 & have never had a new vehicle. I’ve always bought used & very cheap. I’ve never paid over $1200 for a vehicle & several have been giving to me. Never been one for the “finer things of life”. Always been happy with what I’ve had & just put money up.


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I’m surprised that as “tight” as you are, that you could walk away from a paying job that early. I would think you would love that money too much. Good for you
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Old 05-28-2022, 09:03 AM   #30
Slaunch
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Awesome to hear and congrats!
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Old 05-28-2022, 09:40 AM   #31
Black-N-Red
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Originally Posted by zztex View Post
I’m surprised that as “tight” as you are, that you could walk away from a paying job that early. I would think you would love that money too much. Good for you

Honestly money was never really that important to me. Don’t get me wrong I liked having money & if I wanted something I’d get it. If I didn’t have enough money in my wallet I saved for it.

But the most important thing to me was when I was about 22 & by that age a 2 kids, a guy told me “son I’ve got vacation houses all over the place, I can buy anything I want & I’ve more STUFF than I need, but my children paused for it. We don’t have any memories from their childhood. Cause I worked all the time.” That hit me very hard. Cause when I was a kid my dad drove truck & have very few memories. So I didn’t want that for my kids. So we built a life from that moment that if we wanted to go camping we went, if we wanted to go fishing we went if we wanted just burn off off to another state we did it. In 2011 we bought our 30 acres, built my own shop(we had saved for so it would be paid for & have no overhead) & started working for my self.


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Old 05-28-2022, 01:01 PM   #32
critter69
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I see debt as never ending, property taxes, medical insurance etc. things owe for from the month ( s) before.
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Old 05-28-2022, 01:06 PM   #33
ClayW
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Nice!

Congrats
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Old 05-28-2022, 07:21 PM   #34
trophyhunter01
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Nice, way to plan and follow your own path.
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Old 05-28-2022, 08:20 PM   #35
cva34
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All ready been said but congratulations Wife and I did about same...back in 04 and only debt i got is my 2019 PU and its no interest so why pay it off in a hurry...
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