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  • FIRST POST
    • Mister_aaa
    • By Mister_aaa 16th Jan 11, 3:58 PM
    • 131Posts
    • 400Thanks
    Mister_aaa
    So, finally. It's done.
    • #1
    • 16th Jan 11, 3:58 PM
    So, finally. It's done. 16th Jan 11 at 3:58 PM
    Strange time for me. I never posted a diary but was an avid reader / lurker here.

    I paid off my last credit card on Friday.

    It all stems back to 2005ish, i had been made redundant, and had mortgage and credit card debts, and the redundancy money was enough to live off while i looked for another job for about 5 months.

    4 months later, and not having found a job i was starting to panic, when just in the nick of time i found a job.

    The fear and uncertainty around that "what will happen if i dont find a job and run out of money" was quite an eye opener, i guess my proper light bulb moment.

    So i started my new job already in a position, due to having been unemployed for 4 months, to not expand my spending. I kept my spending at the same as if i was unemployed, and started saving. I never wanted to feel that powerless over something like money again.

    Slowly but surely, much like chipping away at a mountain with a fork, i started taking responsibility.

    First to go was the mortgage. I was in a lucky position because my morgage wasn't that big as i had bought a house off the council. Many nights out were missed. Holidays were skipped, treats were left unpurchased. Until finally 18 months ago my final mortgage payment was sent through.

    Obviously then the snowball effect took place, but in my favour this time. One by one, my 3 credit cards were worked on. Consolidating into 0% offers, and chipped away until Friday came and i logged onto barclaycard and sent through the balance of my last card.

    A PPI reclaim (in my sig) paid off my car loan and a fair chuck of my outstanding mortgage (thanks MSE for that one!).

    So, here i am. 4 months from 40, paid off house and no debt, car that i own outright and in a position finally to start doing stuff that i want to do. It's weird, like i said at the start "Strange time for me".

    Now i'm so used to living in my means, now that my wages are more than my means, what do i do? It's unfamiliar territory for me.

    I think the overall message is that it is possible to overcome the mountain, even with a fork! And to all of you dfw's out there, realise this, every time you think that it is impossible. It isn't, it's doable, it just takes time, commitment and discipline. Sadly in our "now now now" society, all of the above are very difficult. But the feeling of pride in actually doing it surpasses any high from a shopping fix * 10000000.

    Hang in there, and good luck (and thanks for reading - if you made it this far)

    Mister_aaa.

    Sig to be updated


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    Last edited by MSE Andrea; 25-01-2011 at 9:02 PM.
    PPI Reclaimed 15,500 - between 2008 & 2014
    Mortgage Free - 15th July 2009
    Debt Free - 14th Jan 2011
    It's possible.
Page 1
    • jen245
    • By jen245 16th Jan 11, 4:09 PM
    • 1,571 Posts
    • 683 Thanks
    jen245
    • #2
    • 16th Jan 11, 4:09 PM
    • #2
    • 16th Jan 11, 4:09 PM
    Congratulations to you and your mighty fork!

    Now you can start saving your spare cash, so if you do want to have a little shopping trip, its your money, and not the credit card companies!
    Debt free and staying that way!
  • Nero51
    • #3
    • 16th Jan 11, 4:19 PM
    • #3
    • 16th Jan 11, 4:19 PM
    Congrats on becoming not only debt free but morgage free too
    Debt @ January 2010 :: 5,500

    July 2011 0.00

    Debt Free as of 1st July
    • littleowl
    • By littleowl 16th Jan 11, 4:28 PM
    • 586 Posts
    • 2,259 Thanks
    littleowl
    • #4
    • 16th Jan 11, 4:28 PM
    • #4
    • 16th Jan 11, 4:28 PM
    Well done Mr-aaa - what a wonderful achievement! I thoroughly admire your tenacity and commitment.
    • Mister_aaa
    • By Mister_aaa 16th Jan 11, 4:30 PM
    • 131 Posts
    • 400 Thanks
    Mister_aaa
    • #5
    • 16th Jan 11, 4:30 PM
    • #5
    • 16th Jan 11, 4:30 PM
    Well done Mr-aaa - what a wonderful achievement! I thoroughly admire your tenacity and commitment.
    Originally posted by littleowl
    A friend who has been through the same kind of challenge as me told me: be careful right now, it's a dangerous time. You will turn up at work on monday, sit down and think "i don't really need to do this anymore" lol
    PPI Reclaimed 15,500 - between 2008 & 2014
    Mortgage Free - 15th July 2009
    Debt Free - 14th Jan 2011
    It's possible.
    • littleowl
    • By littleowl 16th Jan 11, 4:37 PM
    • 586 Posts
    • 2,259 Thanks
    littleowl
    • #6
    • 16th Jan 11, 4:37 PM
    • #6
    • 16th Jan 11, 4:37 PM
    Oh yes! Dangerous. But somehow I don't think you will throw away years of dedication to be sucked in to that point of view. Perhaps you need another challenge?
    • Mister_aaa
    • By Mister_aaa 16th Jan 11, 4:46 PM
    • 131 Posts
    • 400 Thanks
    Mister_aaa
    • #7
    • 16th Jan 11, 4:46 PM
    • #7
    • 16th Jan 11, 4:46 PM
    Oh yes! Dangerous. But somehow I don't think you will throw away years of dedication to be sucked in to that point of view. Perhaps you need another challenge?
    Originally posted by littleowl
    I have some plans, i.e. my house needs decorating, and i think saving an emergency fund are two of the things on the cards.
    PPI Reclaimed 15,500 - between 2008 & 2014
    Mortgage Free - 15th July 2009
    Debt Free - 14th Jan 2011
    It's possible.
    • littleowl
    • By littleowl 16th Jan 11, 4:52 PM
    • 586 Posts
    • 2,259 Thanks
    littleowl
    • #8
    • 16th Jan 11, 4:52 PM
    • #8
    • 16th Jan 11, 4:52 PM
    ..and perhaps save for something you would really like? A new car, a holiday?
    • backinbusiness
    • By backinbusiness 16th Jan 11, 4:55 PM
    • 738 Posts
    • 1,117 Thanks
    backinbusiness
    • #9
    • 16th Jan 11, 4:55 PM
    • #9
    • 16th Jan 11, 4:55 PM
    I settled my last 3 debts in full yesterday - don't think it's quite sunk in yet but like you my income now exceeds my expenditure - my financial mindset has changed completely. Very, very well done to you - congratulations and enjoy now doing what you want to do, not what repayments dictate that you must do.
    DF
    • Mister_aaa
    • By Mister_aaa 16th Jan 11, 4:58 PM
    • 131 Posts
    • 400 Thanks
    Mister_aaa
    ..and perhaps save for something you would really like? A new car, a holiday?
    Originally posted by littleowl
    Oo, a holiday? what is this thing you speak of

    I'm looking already lol
    PPI Reclaimed 15,500 - between 2008 & 2014
    Mortgage Free - 15th July 2009
    Debt Free - 14th Jan 2011
    It's possible.
    • Mister_aaa
    • By Mister_aaa 16th Jan 11, 5:07 PM
    • 131 Posts
    • 400 Thanks
    Mister_aaa
    I settled my last 3 debts in full yesterday - don't think it's quite sunk in yet but like you my income now exceeds my expenditure - my financial mindset has changed completely. Very, very well done to you - congratulations and enjoy now doing what you want to do, not what repayments dictate that you must do.
    Originally posted by backinbusiness
    Well done to you too! Its all a bit surreal at the mo. Waiting like you for it to sink in.
    PPI Reclaimed 15,500 - between 2008 & 2014
    Mortgage Free - 15th July 2009
    Debt Free - 14th Jan 2011
    It's possible.
    • littleowl
    • By littleowl 16th Jan 11, 5:08 PM
    • 586 Posts
    • 2,259 Thanks
    littleowl
    Not sure - think its something some people enjoy...not anything I have experienced for some years
    • rising from the ashes
    • By rising from the ashes 16th Jan 11, 5:15 PM
    • 12,321 Posts
    • 59,551 Thanks
    rising from the ashes
    Congratulations - and thanks for the wonderful post. I find it really encouraging when I hear that it can be done!
    Grocery Challenge 211/455 (01/01-31/03)
    2016 Sell: 125/250
    1,000 Emergency Fund Challenge #78 3.96 / 1,000
    Vet Fund: 410.93 / 1,000
    Debt free & determined to stay that way!
    • millionaire in training
    • By millionaire in training 16th Jan 11, 5:25 PM
    • 5,589 Posts
    • 18,918 Thanks
    millionaire in training
    Well done. I cant wait to post the same thing
    Total CC debt 20,971.10. [COLOR=red][B][COLOR=darkorchid]20,301.62 Goal date 1ST June 2018
    • Mister_aaa
    • By Mister_aaa 16th Jan 11, 6:32 PM
    • 131 Posts
    • 400 Thanks
    Mister_aaa
    Congratulations - and thanks for the wonderful post. I find it really encouraging when I hear that it can be done!
    Originally posted by lilylass
    Well done. I cant wait to post the same thing
    Originally posted by millionaire in training
    It's weird. I was expecting some kind of fanfare, or at least a brass band to come and play some music, but everything is as it was, apart from a sense of calm. I like it
    PPI Reclaimed 15,500 - between 2008 & 2014
    Mortgage Free - 15th July 2009
    Debt Free - 14th Jan 2011
    It's possible.
    • hostie
    • By hostie 16th Jan 11, 7:53 PM
    • 497 Posts
    • 857 Thanks
    hostie
    Nice post : ) well done!
  • May2013
    Massive well done to you!!!

    Such an inspirational post, I can only imagine how great you must be feeling right now. If you get the chance it would be great to hear how you're getting on and what life feels like to be on the 'other side'

    Happy Days....enjoy xxx
    LBM Aug '07 Debt 52,615 DEBT FREE Aug '12
    Cap One CC 5000/0 - HSBC CC 7500/0 - HSBC Loan 12,225/0
    M&S CC 11,500/0 - Egg CC 8750/0 - Sains CC 3000/0
    HMRC 3140/0 - OD 1500/0
    Pay off ALL your debt by Xmas 2012 14,128/14,128
    • mogchops
    • By mogchops 16th Jan 11, 10:40 PM
    • 1,528 Posts
    • 8,068 Thanks
    mogchops
    Well done, and thank you for sharing, I love to hear the success stories, gives me inspiration to keep on towards that light at the end of the tunnel!
    • Mister_aaa
    • By Mister_aaa 16th Jan 11, 10:49 PM
    • 131 Posts
    • 400 Thanks
    Mister_aaa
    Massive well done to you!!!

    Such an inspirational post, I can only imagine how great you must be feeling right now. If you get the chance it would be great to hear how you're getting on and what life feels like to be on the 'other side'

    Happy Days....enjoy xxx
    Originally posted by May2013
    I will thanks. I'll try not to be too smug though lol...
    PPI Reclaimed 15,500 - between 2008 & 2014
    Mortgage Free - 15th July 2009
    Debt Free - 14th Jan 2011
    It's possible.
    • Mister_aaa
    • By Mister_aaa 17th Jan 11, 2:54 PM
    • 131 Posts
    • 400 Thanks
    Mister_aaa
    Monday is here again, alls normal.

    The thought of leaving my line of business and moving to something more helpful to society keeps tapping me on the shoulder.

    Does anyone else feel like this? I'm increasingly unable to see my job as valuable, when it's a for profit company.
    PPI Reclaimed 15,500 - between 2008 & 2014
    Mortgage Free - 15th July 2009
    Debt Free - 14th Jan 2011
    It's possible.
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