Almost done with the TMFL and I feel my eyes have been opened to a whole new way of thinking. Thank you @MJ DeMarco for writing your book.
Here's a rundown of my situation.
- We have two mortgages. (One rental property and one owner occupied)
- About 57k in student loan debt
- Around 7k car note
- No revolving credit card debt (pay off entire balance each month)
- A little over six figure savings in various accounts (401k's, IRA's, Savings, etc)
Wife works a 9 to 5 job and I own my own small business.
The value of my rental property seems to be on the rise. I'm possibly in a position that if I sold my rental, I could profit just enough to pay off all of our debt, which includes our current residence, the student loans and the care note.
100% debt free by age 36.
My question is, should I? Or would it be wiser to use that money and grow it using a Fastlane vehicle? I really like the idea of not owing anyone a dime. We would still need to keep working for now, but being debt free just sounds so liberating.
I could use the extra monthly income to invest in myself. I've been considering learning how to code and create a content delivery system that can Fastlane me to the land of milk and honey. Or find a way to convert my business into a Fastlane vehicle.
Any thoughts?
WWMJDD? (What would @MJ DeMarco do?)
Here's a rundown of my situation.
- We have two mortgages. (One rental property and one owner occupied)
- About 57k in student loan debt
- Around 7k car note
- No revolving credit card debt (pay off entire balance each month)
- A little over six figure savings in various accounts (401k's, IRA's, Savings, etc)
Wife works a 9 to 5 job and I own my own small business.
The value of my rental property seems to be on the rise. I'm possibly in a position that if I sold my rental, I could profit just enough to pay off all of our debt, which includes our current residence, the student loans and the care note.
100% debt free by age 36.
My question is, should I? Or would it be wiser to use that money and grow it using a Fastlane vehicle? I really like the idea of not owing anyone a dime. We would still need to keep working for now, but being debt free just sounds so liberating.
I could use the extra monthly income to invest in myself. I've been considering learning how to code and create a content delivery system that can Fastlane me to the land of milk and honey. Or find a way to convert my business into a Fastlane vehicle.
Any thoughts?
WWMJDD? (What would @MJ DeMarco do?)
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