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I am young at 28 and still riding the debt train. I will finish my masters degree in August of 2013, and will begin paying back the enormous student loans 6 months after that. I am hoping my new schooling will lead to some mid-level management position that will provide an income increase over what I make now. My wife and I are downsizing in every capacity as well, and selling nearly everything that isn't bolted down that we don't need in order to pay off our non-secured debts. We may be renting our house and moving in with the in-laws in a free-rent scenario to help accelerate our payoff of debt and increase in savings. I am still contributing 5% with a 5% match to my 401k, but I wish I could maximize it in my early years. 2013 should be a good year for us, but I have a good 10 years of digging ahead of me before I will be debt free...
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1984 Porsche 911
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