I did it!
04-22-07, 04:14 PM
#1
Pedaled too far.
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I did it!
Two years ago I decided to leave my car parked till I had paid off $20,000 of credit card debt. I'm a regular bicycle commuter and had been car-free for many years in the past so it wasn't too much of an adjustment.
But it paid off. Last Friday I officially got a positive net worth and am debt-free! Thank You Specialized for the fine 15 year old Hard Rock bicycle that has gotten me through.
But it paid off. Last Friday I officially got a positive net worth and am debt-free! Thank You Specialized for the fine 15 year old Hard Rock bicycle that has gotten me through.
04-22-07, 04:18 PM
#2
Sophomoric Member
Congratulations Artkansas! You must feel great, but don't celebrate by getting a loan for a new car. 
BTW, those Hardrocks were sweet little bikes, weren't they. I loved mine until it got stolen.
BTW, those Hardrocks were sweet little bikes, weren't they. I loved mine until it got stolen.
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04-22-07, 05:31 PM
#4
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WAY TO GO!! 
Being Debt Free is the best gift you can ever give yourself. If you haven't seen it yet. Check out Debt Free Living also known as CheapskateMonthly
There is a lot of good info on her site.
Aaron
Being Debt Free is the best gift you can ever give yourself. If you haven't seen it yet. Check out Debt Free Living also known as CheapskateMonthly There is a lot of good info on her site.Aaron
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Webshots is bailing out, if you find any of my posts with corrupt picture files and want to see them corrected please let me know. :(
ISO: A late 1980's Giant Iguana MTB frameset (or complete bike) 23" Red with yellow graphics.
"Cycling should be a way of life, not a hobby.
RIDE, YOU FOOL, RIDE!"_Nicodemus
"Steel: nearly a thousand years of metallurgical development
Aluminum: barely a hundred
Which one would you rather have under your butt at 30mph?"_krazygluon
Webshots is bailing out, if you find any of my posts with corrupt picture files and want to see them corrected please let me know. :(
ISO: A late 1980's Giant Iguana MTB frameset (or complete bike) 23" Red with yellow graphics.
"Cycling should be a way of life, not a hobby.
RIDE, YOU FOOL, RIDE!"_Nicodemus
"Steel: nearly a thousand years of metallurgical development
Aluminum: barely a hundred
Which one would you rather have under your butt at 30mph?"_krazygluon
04-22-07, 06:06 PM
#5
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Congrats! Now you can focus your hard won financial discipline on saving.
04-22-07, 06:55 PM
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I thought my 13K in credit cards was bad but Artkansas had me beat by 7K! I'm also debt free from credit cards thanks to having no car to pay for. Time to start paying yourself first by pretending to make car, insurance, gas and repairs into an automatic savings account.
04-22-07, 07:45 PM
#9
bragi
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You paid off that kind of credit card debt in two years just by not driving? That's very impressive. You're not going to go ahead and buy another car, are you?
You're not going to go ahead and buy another car, are you?
04-22-07, 08:45 PM
#11
the bike made me do it
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Congrats, now you can finally start driving again. 
Just kidding. Keep up the good work, just think of the freedom you will have with more money and no debt.
Just kidding. Keep up the good work, just think of the freedom you will have with more money and no debt.
04-22-07, 10:51 PM
#13
Pedaled too far.
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Originally Posted by Dahon.Steve
I thought my 13K in credit cards was bad but Artkansas had me beat by 7K! I'm also debt free from credit cards thanks to having no car to pay for. Time to start paying yourself first by pretending to make car, insurance, gas and repairs into an automatic savings account.
04-22-07, 10:55 PM
#14
Pedaled too far.
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Originally Posted by Roody
Congratulations Artkansas! You must feel great, but don't celebrate by getting a loan for a new car.
BTW, those Hardrocks were sweet little bikes, weren't they. I loved mine until it got stolen.
BTW, those Hardrocks were sweet little bikes, weren't they. I loved mine until it got stolen.
04-22-07, 11:08 PM
#15
tired
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Originally Posted by Artkansas
And "Car Wars" didn't have belly dancers like the Earth Day Festival did. A man has to have values.
Congrats, Artkansas.
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"Real wars of words are harder to win. They require thought, insight, precision, articulation, knowledge, and experience. They require the humility to admit when you are wrong. They recognize that the dialectic is not about making us look at you, but about us all looking together for the truth."
"Real wars of words are harder to win. They require thought, insight, precision, articulation, knowledge, and experience. They require the humility to admit when you are wrong. They recognize that the dialectic is not about making us look at you, but about us all looking together for the truth."
04-23-07, 07:24 PM
#17
Sophomoric Member
Originally Posted by gerv
Congratulations! You are now $20000 lighter. It must be great!
Probably a few pounds lighter too, from all the riding.
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"Think Outside the Cage"
04-23-07, 10:10 PM
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Congrat! I don't have any serious debt (other than the $125 in fees that I owe the bank) But I was close! ( like ~$8K student loan, paid off by a mutual fund that my mom set up for me Thanks mom! )
Must feel great to finally have all of the extra money coming in now?
Look like a cool site and could be very very useful but 
They charge for membership . Seems kinda hypocritical or what?
(sorry forgot the spelling for a word and had to use "hypocritical")
Thanks mom! ) Must feel great to finally have all of the extra money coming in now?
Originally Posted by wahoonc
Check out Debt Free Living also known as CheapskateMonthly
They charge for membership . Seems kinda hypocritical or what? (sorry forgot the spelling for a word and had to use "hypocritical")
04-24-07, 12:18 PM
#21
jim anchower
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Congrats. There's no more liberating feeling than not being debt free. I've been there. Now when I put a few hundred on my card for something I immediately get antsy and starting waiting for it to post so I can pay it. I hate debt and love not owing money to anyone.
Treat yourself to a nice dinner - you've earned it.
Treat yourself to a nice dinner - you've earned it.
