I have some awesome news that I want to share with you guys.
My parents are debt free!
I just got off the phone with my Dad, and he was so excited. For more than two years, my Dad has been focused on paying off his mortgage. Month after month, he made his regular payments, and then used every, extra available dollar to reduce his principal. Today, he was able to walk into his credit union, hand them a check, and pay off his mortgage!
I cannot explain to you how happy I am for my Mom and my Dad. I asked Dad for permission to write a bit about their story, and he was happy to share with you guys. Basically, after reading some of the articles here at No Credit Needed, Dad decided to get out of debt and pay off his mortgage. After just a few months, he was able to rid himself of his consumer debt, and then he began to focus on ridding himself of a mortgage payment. Through hard work, sacrifice, and determination, he paid off a 15 year note in less than 7 years, with the majority of the payments coming in the past 2 years! How cool is that?!?
I love it when I hear about people who are debt free, even people that I don’t know. Can you imagine how cool it is for me to hear that my parents are debt free? I’m very close to my Mom and my Dad and I can’t wait to see what their debt free future holds for them.
For those thinking about debt reduction, consider reading – Debt Reduction 101 – and begin your journey towards being debt free.
Mom and Dad – you rock!