So you have worked your butt off to pay your debt off. Now what? You have now freed up your greatest wealth building tool which is your income. What kind of good can you do for someone else?
What is that thing that you have always wanted to do but didn't feel you were able to because of all the debt that way hanging over your head? Take a step back to look deep within yourself and find that true passion that has been lying dormant for years and let it out.
What will you do when your debt free?
January 2nd, 2011 at 10:02 pm
January 2nd, 2011 at 10:42 pm 1294008126
1) Beef up emergency savings to $4000
2) Beef up car savings to $3000
3) Beef up house savings to $5000
4) Increase my contribution to my professional memberships account - ~ $1200 per year
5) Increase my 403b contribution by 1%
6) Work on some home improvement projects - new windows to start with (take this out of my house savings)
January 2nd, 2011 at 10:50 pm 1294008631
January 2nd, 2011 at 11:06 pm 1294009606
Jerry
January 3rd, 2011 at 12:34 am 1294014882
That would free up my time to volunteer and help others. I do like to do that!
Being debt free is still quite a few years down the road, and may coincide with retirement age anyway. But it is still nice to dream.
January 3rd, 2011 at 02:39 am 1294022387
January 3rd, 2011 at 03:02 am 1294023777
One needs two plans:
How will you maintain being debt free?
What will you do for the rest of your life after attaining debt freedom?
January 4th, 2011 at 01:09 am 1294103360
January 5th, 2011 at 11:27 pm 1294270078