1.12.2011

debt freedom

I began reviewing my finances last month to have an idea of where I'm at. Currently, I owe 28k which is comprised of my truck and trailer loans along with various credit cards. I'm taking out a low interest rate loan to cover 3k worth of high interest rate CC's and the IRS. This will help me pay all this down faster while being able to save again.

About 10 years ago I bought 5 acres of land which I was holding onto for retirement. Unfortunately it's in CA and I am not ever going back for too many reasons. I decided to sell it to help pay some bills off and maybe buy land in another state. I contacted a Realtor to get some info and wound up learning that it's worth more than twice my total debt now. I'm so freaking happy!

After all the things I've been through I honestly never thought I would live to see this day. I know I'm not there just yet, but I am so very close now. When I hit the road I'll only have to work long enough to pay monthly expenses.

I was planning on hitting the road around March of this year, but am altering my plans. I will continue working until the land sells. I can keep paying down the balances with said income and use less from the sale of the land to pay off the remaining balances when it sells.

Life is good!

2 comments:

  1. I don't even know you yet, and I'm already excited for you. What a coup!

    ReplyDelete
  2. Thank you! I'm quite excited too.

    ReplyDelete