Congratulate me... I have no debts! (except one)... - GoFuckYourself.com

V_RocKs · 03-02-2006, 12:02 PM

I just paid off the last remaining debt I had today.

Now the only debt I do have is $10K car loan which I will keep and pay in order to show I can pay shit on time.

I got married in a shotgun style wedding at age 23. My wife became a drug addicted bitch from hell. She ran up our credit cards and caused damage to more than one apartment we lived in. Basically she ran up about $28,000 in debts before I divorced her.

I let the shit sit there for ever and a day... I had no money to pay off that kinda debt load. No way...

Then I became an adult webmaster and fuck... everything changed for the better. I paid off that debt and saved money (going to buy a house when the market and interest rates will feel better on my hinnie) and managed to have enough left over for some toys...

Today I paid the remaining $4000 and I never felt better... On the 15th my credit score should go up and I will flirt with the idea of owning my first home... For now, I need to find a 5 bedroom house for rent...

Thanks for you time and listening to my dribble...

Peace!

sfera · 03-02-2006, 12:03 PM

feells good dont it? glad for you buddy

Anthony · 03-02-2006, 12:05 PM

Quote:

Originally Posted by V_RocKs

I just paid off the last remaining debt I had today.

Now the only debt I do have is $10K car loan which I will keep and pay in order to show I can pay shit on time.

I got married in a shotgun style wedding at age 23. My wife became a drug addicted bitch from hell. She ran up our credit cards and caused damage to more than one apartment we lived in. Basically she ran up about $28,000 in debts before I divorced her.

I let the shit sit there for ever and a day... I had no money to pay off that kinda debt load. No way...

Then I became an adult webmaster and fuck... everything changed for the better. I paid off that debt and saved money (going to buy a house when the market and interest rates will feel better on my hinnie) and managed to have enough left over for some toys...

Today I paid the remaining $4000 and I never felt better... On the 15th my credit score should go up and I will flirt with the idea of owning my first home... For now, I need to find a 5 bedroom house for rent...

Thanks for you time and listening to my dribble...

Peace!

Awesome! Congrats on sticking it out and never wavering on your goals!

Pete-KT · 03-02-2006, 12:07 PM

Very nice bro congrats

G-Rotica · 03-02-2006, 12:10 PM

Congrats!

Sosa · 03-02-2006, 12:10 PM

Congrats man. I was debt free from everything a few months ago. All student loans, Truck, everything paid off. Then I went out and started building a house lol! No more debt free for me.

Rui · 03-02-2006, 12:11 PM

Wicked ;)

But based on your posts you should had been able to had paid it longer ago no ;)

Good stuff

Rochard · 03-02-2006, 12:11 PM

It's a nice feeling, isn't it? The only bill I have is my $1600 house payment. School loan paid off, both new cars, the bike, all paid off.

V_RocKs · 03-02-2006, 12:35 PM

Quote:

Originally Posted by Rui

Wicked ;)

But based on your posts you should had been able to had paid it longer ago no ;)

Good stuff

Yes, I could have done it quicker... But I try to keep a lot of cash available because I aquire a lot of business oriented things that need to be paid for in cash and at a moments notice... ie, when someone says, Domain sale or Selling my sites I am leaving the business...

V_RocKs · 03-02-2006, 12:35 PM

Quote:

Originally Posted by RocHard

my $1600 house payment

Haha... PRICK!

G-Rotica · 03-02-2006, 12:38 PM

Quote:

Originally Posted by Sosa

Congrats man. I was debt free from everything a few months ago. All student loans, Truck, everything paid off. Then I went out and started building a house lol! No more debt free for me.

Student loans are a killer. That's what I'm working on now. When I get enough together I'm going to try and just settle them for (hopefully) pennies on the dollar.

Sosa · 03-02-2006, 12:41 PM

Quote:

Originally Posted by G-Rotica

Student loans are a killer. That's what I'm working on now. When I get enough together I'm going to try and just settle them for (hopefully) pennies on the dollar.

I paid the min on mine while I was paying off my Truck. Truck got paid for and then I paid the student loan off in the next 4 months. Nice to have it all took care of. Now it is just going to be a house payment

Nubiles · 03-02-2006, 12:44 PM

Congrats, it is a good feeling.

Ramos · 03-02-2006, 12:45 PM

Quote:

Originally Posted by V_RocKs

I just paid off the last remaining debt I had today.

Now the only debt I do have is $10K car loan which I will keep and pay in order to show I can pay shit on time.

I got married in a shotgun style wedding at age 23. My wife became a drug addicted bitch from hell. She ran up our credit cards and caused damage to more than one apartment we lived in. Basically she ran up about $28,000 in debts before I divorced her.

I let the shit sit there for ever and a day... I had no money to pay off that kinda debt load. No way...

Then I became an adult webmaster and fuck... everything changed for the better. I paid off that debt and saved money (going to buy a house when the market and interest rates will feel better on my hinnie) and managed to have enough left over for some toys...

Today I paid the remaining $4000 and I never felt better... On the 15th my credit score should go up and I will flirt with the idea of owning my first home... For now, I need to find a 5 bedroom house for rent...

Thanks for you time and listening to my dribble...

Peace!

Now that is what i call a Happy Ending

wdsguy · 03-02-2006, 12:49 PM

congrats man, thats a big step for you.

Ross · 03-02-2006, 12:51 PM

Congrats man! Enjoy your new house when you get it.

V_RocKs · 03-02-2006, 12:51 PM

Student loans...

I never understood them... I consult on a lot of things in the industry and never went to a 4 year college. I dropped out of a 2 year when I decided making more than most doctors doesn't require me to be there.

As for how to void them... A friend of mine has some MIGHTY big ones... Like $35,000 or so I believe... and you cannot claim them in a bankruptsy... BUT!... BUT you can refinance them into a personal loan and you can claim that loan... ;)

I don't condone claiming bankruptsy... I think it is a pansies way of doing things... But if your loans are large... and you don't mine fucking your credit up...

blazin · 03-02-2006, 12:55 PM

Congratulations

chowda · 03-02-2006, 01:03 PM

well u learnt stuff on ur own for sure

hehe, silly tips

Diligent · 03-02-2006, 01:06 PM

Kickass! I always find hearing about hard work paying off inspiring and motivating..

Congratulations man!

GlydeGirl · 03-02-2006, 01:14 PM

Good job on digging yourself out of that hole! May you enjoy the rewards!

Manowar · 03-02-2006, 01:31 PM

Good to hear dude

slapass · 03-02-2006, 01:38 PM

Awesome dude!!

sickkittens · 03-02-2006, 01:41 PM

You paid off all your debt yet you have $10k in debt?

V_RocKs · 03-02-2006, 02:07 PM

I paid off my bad debt...

The 10K is good debt. I have paid that bill on time and often over the amount due... Having no debt at all is worse than having debt and paying it on time. If you have no debts what so ever you have no history and therefor nothing to gage your ability to repay a loan on.

calibra · 03-02-2006, 02:48 PM

Congrats, man! That's really nice!

selena · 03-02-2006, 02:51 PM

Awesome job of sticking with it until the end. I know that has to be a huge burden lifted off of you.

Congrats!

Amp · 03-02-2006, 02:52 PM

who gives a fuck about debt. I owe several millions to various places and don't plan on ever paying ANY of it off.

Your debt is erased when you fucking die you know.

Hunter_ST · 03-02-2006, 02:55 PM

http://www.daveramsey.com/

Guy is a millionaire and doesn't even have a credit score 'cause he doesn't use credit cards -- cash and debit card only.

If he wants something, he buys it.

I'm trying to get to living that path now.

Fuck credit card companies. They offer 0% when you don't need it... and 25% when you really do.

Cash is the way to go anymore.

EroticySteve · 03-02-2006, 03:25 PM

There is nothing inherently wrong with debt. But it must be managed properly. You must take a high level of responsibility for your debt and always be mindful of it.

Congrats V Rocks! That's great to hear.

Bryan G · 03-02-2006, 03:30 PM

Congrats man...

$5 submissions · 03-02-2006, 03:38 PM

Congrats, V. I've been debt free since 2000 (the year I started adult webmaster work). For personal finance, IMHO, debt-free is the way to go. There IS some value for debt in the business arena but it needs to be managed well: http://webmasterlabor.com/articles/credit.html Congrats again, man!

grumpy · 03-02-2006, 03:40 PM

who said porn cant bring happiness. Good for you

V_RocKs · 03-02-2006, 06:03 PM

Quote:

Originally Posted by Amp

who gives a fuck about debt. I owe several millions to various places and don't plan on ever paying ANY of it off.

Your debt is erased when you fucking die you know.

Negative.. it is transfered to your estate.

I guess you aren't planning on leaving anything behind.

V_RocKs · 03-02-2006, 06:05 PM

Quote:

Originally Posted by grumpy

who said porn cant bring happiness. Good for you

My grandma..

Shh.. don't tell her I am here!

V_RocKs · 03-02-2006, 06:08 PM

Quote:

Originally Posted by $5 submissions

Congrats, V. I've been debt free since 2000 (the year I started adult webmaster work). For personal finance, IMHO, debt-free is the way to go. There IS some value for debt in the business arena but it needs to be managed well: http://webmasterlabor.com/articles/credit.html Congrats again, man!

Great article!

Syl · 03-02-2006, 06:10 PM

Congrats, that's awesome. I can't wait for the day for myself. I don't have too much left either.

sonofsam · 03-02-2006, 06:13 PM

Congrats man, that was a great success story

hopefully i can keep plugging away at this shit and do something good for myself too

$5 submissions · 03-02-2006, 10:13 PM

Quote:

Originally Posted by V_RocKs

Great article!

Thanks, man!

Vitasoy · 03-02-2006, 10:40 PM

Must be a load off your back, grats.

PixeLs · 03-02-2006, 11:30 PM

Wow, congrats on than! There's nothing like going to sleep and not thinking any of those financial liabilities anymore..

rowan · 03-02-2006, 11:34 PM

Quote:

Originally Posted by $5 submissions

For personal finance, IMHO, debt-free is the way to go.

Debt can actually save you money if you don't have the cash to pay outright. For example, any extra payments I make into my home loan are effectively untaxed interest earnings, because every extra dollar offsets the interest bill. Putting it another way, by saving on the 6.82% interest bill I'm really earning more like 15% after tax.

$100k loan
$10k additional funds
= interest on $90k only
the saving is effectively earning you untaxed interest on the $10k

aflex · 03-02-2006, 11:45 PM

congrats man.. keep up the hard work and treat yourself to something nice (pay cash =P)

$5 submissions · 03-02-2006, 11:47 PM

Quote:

Originally Posted by rowan

Debt can actually save you money if you don't have the cash to pay outright. For example, any extra payments I make into my home loan are effectively untaxed interest earnings, because every extra dollar offsets the interest bill. Putting it another way, by saving on the 6.82% interest bill I'm really earning more like 15% after tax.

$100k loan
$10k additional funds
= interest on $90k only
the saving is effectively earning you untaxed interest on the $10k

I am aware of the tax benefits of the home mortgage deduction. I do see your point and agree that debt can be a tactical advantage when it comes to taxes. However, from a purely personal perspective though, nothing beats the feeling of being free of any debt. I was balls deep in grad school/school loans of $85K before 2000. After that, I resolved to stay debt-free. Should the need arise for debt-based tax protection, I'd look into the mortgage deducation scenario you raised but I prefer the sense of psychological liberation that having no debts gives me.

webgurl · 03-02-2006, 11:49 PM

Thats awesome . Keep up the debt free lifestyle
feels good

V_RocKs · 03-03-2006, 12:24 AM

On the home loan over payments thing...

I practice that quite a bit... I learned from me pops... He is a good teacher in this kinda shit... So when I bought my used Jeep (I find it difficult to buy a new car... waste of dough...) and paid $8500 for it they wanted to collect $2700 in interest will extra long payments and bullshit...

So I decided I wanted to pay it off right away... Kinda a mistake because paying it off in 8 months didn't do my credit any good...

So I bought a used Suburban for $10,500... They eventually think they will make $4000 on me.. again, low payments over 5 years... So I decided I wanted to pay it off in 2 years... Added up the interest on one payment, then reversed the counting.... So I am counting back two years and adding interest for each payment. Then paid a few grand immediately so I can basically pay only the interest I need to in order to keep the loan alive, but not a penny more...

Kinda stupid really... Its like I have to PAY to get my credit back... this system is so bent in the favor of the creditor that I am now thinking my first mainstream business should be loaning money to people I know can't pay it back.

03-02-2006, 12:02 PM	#1
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,409	Congratulate me... I have no debts! (except one)... I just paid off the last remaining debt I had today. Now the only debt I do have is $10K car loan which I will keep and pay in order to show I can pay shit on time. I got married in a shotgun style wedding at age 23. My wife became a drug addicted bitch from hell. She ran up our credit cards and caused damage to more than one apartment we lived in. Basically she ran up about $28,000 in debts before I divorced her. I let the shit sit there for ever and a day... I had no money to pay off that kinda debt load. No way... Then I became an adult webmaster and fuck... everything changed for the better. I paid off that debt and saved money (going to buy a house when the market and interest rates will feel better on my hinnie) and managed to have enough left over for some toys... Today I paid the remaining $4000 and I never felt better... On the 15th my credit score should go up and I will flirt with the idea of owning my first home... For now, I need to find a 5 bedroom house for rent... Thanks for you time and listening to my dribble... Peace!

03-02-2006, 12:10 PM	#5
G-Rotica Confirmed User Industry Role: Join Date: Aug 2005 Location: Austin, TX Posts: 4,258	Congrats! __________________

03-02-2006, 12:11 PM	#8
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 74,019	It's a nice feeling, isn't it? The only bill I have is my $1600 house payment. School loan paid off, both new cars, the bike, all paid off. __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

03-02-2006, 12:44 PM	#13
Nubiles Confirmed User Join Date: Apr 2002 Location: Tempe, AZ Posts: 1,496	Congrats, it is a good feeling. __________________ NUBILES.NET : Hosted galleries with thumbs and descriptions \| nn galleries \| Hosted free sites \| 3 new girls shot each week \| Icq 143674274

03-02-2006, 12:55 PM	#18
blazin Confirmed User Join Date: Aug 2002 Posts: 2,781	Congratulations __________________ I don't endorse a god damn thing......

03-02-2006, 12:03 PM	#2
sfera Confirmed User Join Date: Aug 2005 Location: ICQ: 248877409 Posts: 8,597	feells good dont it? glad for you buddy

03-02-2006, 12:07 PM	#4
Pete-KT Workin With The Devil Industry Role: Join Date: Oct 2004 Location: West Bloomfield, MI Posts: 51,532	Very nice bro congrats

03-02-2006, 12:10 PM	#6
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	Congrats man. I was debt free from everything a few months ago. All student loans, Truck, everything paid off. Then I went out and started building a house lol! No more debt free for me.

03-02-2006, 12:11 PM	#7
Rui web Join Date: Dec 2001 Location: On icq: 85-483-060 Posts: 9,533	Wicked ;) But based on your posts you should had been able to had paid it longer ago no ;) Good stuff

03-02-2006, 12:49 PM	#15
wdsguy Ryde or Die Industry Role: Join Date: Dec 2002 Location: California-Shanghai Posts: 19,568	congrats man, thats a big step for you.

03-02-2006, 12:51 PM	#16
Ross Ik ben een aap Industry Role: Join Date: Sep 2002 Location: Traffic Force Towers, Canada! Posts: 18,874	Congrats man! Enjoy your new house when you get it.

03-02-2006, 01:03 PM	#19
chowda Confirmed User Join Date: Jun 2003 Location: Gooch city Posts: 9,527	well u learnt stuff on ur own for sure hehe, silly tips __________________ Someone finds you... 2007 PS: Nationalnet is the best host I've ever had. And i tried alot of them.

03-02-2006, 01:06 PM	#20
Diligent Confirmed User Join Date: Aug 2003 Location: Hoy Suecia, mañana Nirvana Posts: 1,594	Kickass! I always find hearing about hard work paying off inspiring and motivating.. Congratulations man! __________________ ~¤~ MORE MONEY ~¤~ VOD? XoD! ~¤~ ~¤~ ICQ# 9828 2461 ~¤~

03-02-2006, 01:14 PM	#21
GlydeGirl Confirmed User Industry Role: Join Date: Feb 2005 Posts: 1,516	Good job on digging yourself out of that hole! May you enjoy the rewards!

03-02-2006, 01:31 PM	#22
Manowar jellyfish Join Date: Dec 2003 Posts: 71,528	Good to hear dude

03-02-2006, 01:38 PM	#23
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	Awesome dude!!

03-02-2006, 01:41 PM	#24
sickkittens I am a meat popsicle. Join Date: Jul 2002 Posts: 25,100	You paid off all your debt yet you have $10k in debt? __________________ HIGHEST PAYOUTS FOR NO-CONSOLE TOURS IN THE ENTIRE INDUSTRY! THIS SIG CAN BE YOURS FOR $200 - ICQ: 78881543

03-02-2006, 02:07 PM	#25
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,409	I paid off my bad debt... The 10K is good debt. I have paid that bill on time and often over the amount due... Having no debt at all is worse than having debt and paying it on time. If you have no debts what so ever you have no history and therefor nothing to gage your ability to repay a loan on.

03-02-2006, 02:48 PM	#26
calibra Confirmed User Join Date: Feb 2003 Posts: 4,357	Congrats, man! That's really nice! __________________ GetCyberCash.com

03-02-2006, 02:51 PM	#27
selena Confirmed User Join Date: Aug 2004 Location: On The Edge Posts: 7,994	Awesome job of sticking with it until the end. I know that has to be a huge burden lifted off of you. Congrats! __________________ ~ Doer of Things at MetArtMoney Where Flawless Beauty Meets Art ~The MetArt Network ~ selena.delgado9

03-02-2006, 02:52 PM	#28
Amp So Fucking Banned Join Date: Nov 2001 Location: Maui Posts: 1,661	who gives a fuck about debt. I owe several millions to various places and don't plan on ever paying ANY of it off. Your debt is erased when you fucking die you know.

03-02-2006, 02:55 PM	#29
Hunter_ST Confirmed User Join Date: Feb 2003 Location: Getting messy... Posts: 763	http://www.daveramsey.com/ Guy is a millionaire and doesn't even have a credit score 'cause he doesn't use credit cards -- cash and debit card only. If he wants something, he buys it. I'm trying to get to living that path now. Fuck credit card companies. They offer 0% when you don't need it... and 25% when you really do. Cash is the way to go anymore. __________________ Splosh Cash Wet and Messy Fetish Program I hate to advocate drugs, alcohol, violence, or insanity to anyone, but they've always worked for me.

03-02-2006, 03:25 PM	#30
EroticySteve Confirmed User Join Date: Mar 2005 Location: The Sunshine State Posts: 4,365	There is nothing inherently wrong with debt. But it must be managed properly. You must take a high level of responsibility for your debt and always be mindful of it. Congrats V Rocks! That's great to hear. __________________ You deserve to make more money. I'll help you do that. Our affiliates earn up to $3/email or $107/sale email steve <at> eroticy.com - icq 290153464

03-02-2006, 03:30 PM	#31
Bryan G Confirmed User Join Date: Aug 2005 Location: Toronto Posts: 8,338	Congrats man... __________________ Bryan skype: bryan.glass3 \| ICQ 302999591

03-02-2006, 03:38 PM	#32
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	Congrats, V. I've been debt free since 2000 (the year I started adult webmaster work). For personal finance, IMHO, debt-free is the way to go. There IS some value for debt in the business arena but it needs to be managed well: http://webmasterlabor.com/articles/credit.html Congrats again, man! __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

03-02-2006, 03:40 PM	#33
grumpy Too lazy to set a custom title Join Date: Jan 2002 Location: Holland Posts: 9,870	who said porn cant bring happiness. Good for you __________________ Don't let greediness blur your vision \| You gotta let some shit slide icq - 441-456-888

03-02-2006, 06:10 PM	#37
Syl Confirmed User Join Date: Dec 2003 Location: AZ Posts: 1,953	Congrats, that's awesome. I can't wait for the day for myself. I don't have too much left either. __________________ Syl ICQ 304 908 973 [email protected]

03-02-2006, 06:13 PM	#38
sonofsam Too lazy to set a custom title Join Date: Dec 2004 Location: Vancouver Posts: 18,638	Congrats man, that was a great success story hopefully i can keep plugging away at this shit and do something good for myself too __________________ I like turtles.

03-02-2006, 10:40 PM	#40
Vitasoy GFY HALL OF FAME DAMMIT!!! Join Date: Oct 2003 Posts: 58,202	Must be a load off your back, grats. __________________ [email protected]

03-02-2006, 11:30 PM	#41
PixeLs Too lazy to set a custom title Join Date: Jul 2005 Posts: 11,922	Wow, congrats on than! There's nothing like going to sleep and not thinking any of those financial liabilities anymore.. __________________ Make money on any traffic. Bi-weekly payments with no hold.

03-02-2006, 11:45 PM	#43
aflex Confirmed User Join Date: Oct 2002 Location: New Jersey - adaptweb at gmail.com Posts: 3,127	congrats man.. keep up the hard work and treat yourself to something nice (pay cash =P) __________________ self made mothafucka. buying premium domains & developed sites with revenue/traffic -> adaptweb at gmail.com

03-02-2006, 11:49 PM	#45
webgurl Confirmed User Join Date: Aug 2002 Location: Clouds with Carebears Posts: 7,954	Thats awesome . Keep up the debt free lifestyle feels good

03-03-2006, 12:24 AM	#46
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,409	On the home loan over payments thing... I practice that quite a bit... I learned from me pops... He is a good teacher in this kinda shit... So when I bought my used Jeep (I find it difficult to buy a new car... waste of dough...) and paid $8500 for it they wanted to collect $2700 in interest will extra long payments and bullshit... So I decided I wanted to pay it off right away... Kinda a mistake because paying it off in 8 months didn't do my credit any good... So I bought a used Suburban for $10,500... They eventually think they will make $4000 on me.. again, low payments over 5 years... So I decided I wanted to pay it off in 2 years... Added up the interest on one payment, then reversed the counting.... So I am counting back two years and adding interest for each payment. Then paid a few grand immediately so I can basically pay only the interest I need to in order to keep the loan alive, but not a penny more... Kinda stupid really... Its like I have to PAY to get my credit back... this system is so bent in the favor of the creditor that I am now thinking my first mainstream business should be loaning money to people I know can't pay it back.