Debt, I have always treated it like a $20 challenge. Any extra money I could come up with, went to paying off our debt.
A few years ago, we bought a beautiful piece of property with a view of Brasstown Bald. (the highest peak in Georgia)
We put down 20% and financed the balance of $64,000.
Every month, I made the regular payment of $660 plus anything I could save up during the month, usually at least $1000 or more.
I got the land paid off in January, just two years after I took on the payments. I paid it off 10 years early and saved us thousands in interest!!
I do not like debt at all, but I feel this property is worth much more than I paid for it. I expect to either build on it someday or sell it for a large profit.
This property is called "The Ridge at Owltown"
Debt
June 6th, 2007 at 01:13 pm
June 6th, 2007 at 03:40 pm 1181144441
June 6th, 2007 at 07:04 pm 1181156658