I don't get to blog very much anymore but had to blog today. Today marks a very significant milestone for me. For the first time in my adult life, I'm 100% debt free. I don't have a single loan that is outstanding. No credit cards, student debt, mortgage payment. Nothing. Not many people can say that.
It's a really great feeling actually. I knew this day was coming soon. It in reality could have come much much sooner as I have, for a really long time, had more cash in my savings account than what I owed in debts. The thing is, it really wasn't all that hard. It was a simple matter of not spending what I didn't have. Despite my above average salary, I lived a below average life. After a while, I just got use to it. It in some ways became addictive. I kept finding ways to save money. I'm probably cheaper now than when I first graduated college, despite the fact I have way more money now.
I don't know how long I will be debt free for. Some day in the not so distant future, I will probably buy a house, and then have a debt that will take me several years to pay off. But for now, I have no financial obligations other than what I spend month to month. People underestimate how valuable it is to be debt free. A lot of possibilities open up when you no longer owe anything to anybody. I could just quit my job and not work for a while. But that would just be plain crazy.