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To: TexasFreeper2009
"I have been hunkering down and paying off debt (de-leveraging) for nearly 5 years now. Have managed to eliminate about $500,000 in debt during that time. Not much left to go, should be completely debt free before Obama leaves office."
11 posted on 01/16/2013 10:21:16 AM PST by KeyLargo
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To: KeyLargo

I have no idea why you responded to my post with that picture.

Are you suggesting that seeking to become debt free is for suckers?

Money left in the bank earns no interest.
I have no interest in investing in the stock market or real estate.

I decided that the best/safest thing I could invest in was paying down my debt. Most of my debt is commercial debt and I pay as high at 7% interest on it. Paying that debt down is saving me a massive amount of money over the life of the loan with zero risk.


12 posted on 01/17/2013 2:28:39 PM PST by TexasFreeper2009 (Obama lied .. the economy died.)
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