Is anyone completely debt free?

[Ima saver]

That is not that far away, priceplus!

[lgslgs]

We're debt free except for mortgage. We could pay it off now if we wanted to, but we have a really good fixed mortgage interest rate and even in bad years our mix of mutual funds has earned a lot more than what we pay out in interest.

We retired young and have no intention of ever moving and selling this place - so rushing to tie up money in home equity would be a crazy thing for us to do. We'd be pulling money out of better investments and putting it somewhere where we couldn't get at it if we wanted to. That's approach wouldn't buy me any of that 'peace of mind" some folks get from paying off mortgages early!

Lynda

[CRFSaver]

I am currently debt free but that wont last long. I am looking at buying a house in the next year and thats going to cost me 400K so that will make up for 4 years of debt free...

[jmjj215]

We're debt free, but plan on buying a house in the next two years and will take on some debt with that.

[Ima saver]

When I sell this spec house, I am going to pay off the land that I have a mortgage on. Then I will have one debt, my car. (too bad dh is already talking about a new corvette)

[Elgin526]

In 3 years we will be except for the house. DH has 3 years left on the truck, and we also have a credit card we are paying off. Actually, once we pay off the CC and roll that payment over to the truck, it should be less than 3 years. But one never knows what will happen, so I just tell myself 3 years, and if it happens sooner, that's a bonus!