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05-19-2020, 04:33 PM
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Sage
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Join Date: May 2013
Location: South of 466a, if you don't like me.......I live in Orlando.
Posts: 11,592
Thanks: 851
Thanked 9,777 Times in 3,645 Posts
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Quote:
Originally Posted by NavyVet
It all depends on one's individual circumstances. Personally, we liked the peace of mind of not owing anyone anything. We're on our third home here; we did 2 with bridge loans, 1 with traditional 15 year mortgage, paid off all 3 within a year of when previous house sold. Also, we pay off cc balance in full every month, never had a car loan more than 3 years. I guess we just really hate paying interest. For us, living debt free and finally not worrying about money all the time is a comforting feeling. We have what we need.
Have always followed basic principles of budgeting, saving/investing:
Pay yourself first.
Live beneath your means.
Dollar cost averaging.
Don't take on more than you can afford.
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