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fastfredracing fastfredracing is offline
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Join Date: Jul 2003
Location: Valencia Pa.
Posts: 8,863
30 more days, and I am debt free!!

For someone who spent the last 15 years bogged down by heavy debt loads, this is an incredible feat.
With the exception of the mortage on my business property, I owe nobody nothing, $000.000.
I started my business 18 years ago with $1200.00 in my bank account , a mediocre set of tools, a jack, four jack stands and a willingness to work my ass off, and do whatever it takes to not have to work for the man every day.
I was successful pretty quick, and tried to grow it to the next level about 5 years in. I took on an expensive lease on a huge building, and hired employees, and although we were busy, I was young and inexperienced at running a business that large,and it was hard to crack the nut every month, and in 5 years, I had dug my financial ditch soo deep, I did not think I would ever climb out.
I struggled hard for years to keep up, and in just the last 5 years have got my debt down to a manageble level. Now I am done. Somehow, I managed to never slip on payments either, and kept my credit rating in good shape, so I am in a good place right now
I have this master plant to quit working full time by the time I am 50. I am 40 now, and paying off all of my past debt was the first and biggest hurdle I had to overcome. I plan on keeping the hammer down for 10 more, years , and if everything works out as I plan, I should be financially independent by then.
I am so overjoyed at this feat , I had to share. Thanks for listening.
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Old 08-04-2010, 08:02 PM
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