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09-23-2021, 07:04 AM
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#1
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Senior Member
Join Date: Jun 2010
Location: Central, Pennsylvania
Trailer: Escape#5 2022 E19
Posts: 26,268
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I am no longer under water....
Passed a milestone this year, my debts are finally less than my investments, including my house mortgage. It is a funny feeling but now I'm hoping my health will allow me to enjoy it awhile! I hope others can enjoy the sense of relief from stopping their water treading and breathing freely!
__________________
Jim
Sometime life gets in the way of living.......
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09-23-2021, 07:11 AM
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#2
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Senior Member
Join Date: Dec 2008
Location: Cowtown, Texas
Trailer: Casita ... for now ...
Posts: 113
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Congrats! It's a great feeling!
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09-23-2021, 07:34 AM
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#3
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Senior Member
Join Date: Feb 2016
Location: Naugatuck, Connecticut
Trailer: 2017 50 TA, 2016 F150, 2.7 Ecoboost
Posts: 1,056
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👍👍 ooh yeah, it absolutely is a great feeling 🍻
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09-23-2021, 08:16 AM
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#4
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Senior Member
Join Date: Mar 2018
Location: Tulsa, Oklahoma
Trailer: 2012 E19
Posts: 1,778
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I paid off the suv note last December, and now we are out of debt. It is a great feeling. It wasn't easy getting to this point, which makes me appreciate it more.
__________________
Losing weight puts one at much greater risk of becoming thin.
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09-23-2021, 09:25 AM
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#5
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Senior Member
Join Date: Jun 2020
Location: St. Louis, Missouri
Trailer: "Side Effect" 2022 21C
Posts: 1,396
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It's definitely a great feeling to be mortgage/loan free.
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09-23-2021, 10:29 AM
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#6
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Senior Member
Join Date: Jun 2010
Location: Central, Pennsylvania
Trailer: Escape#5 2022 E19
Posts: 26,268
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I still have a mortgage, albeit small, but I also have more in investments than my mortgage. I guess a better explanation would be my net worth is now positive?
__________________
Jim
Sometime life gets in the way of living.......
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09-23-2021, 11:53 AM
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#7
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Senior Member
Join Date: Oct 2008
Location: Calgary, Alberta
Trailer: 2017 Escape 5.0 TA
Posts: 15,573
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Quote:
Originally Posted by cpaharley2008
I still have a mortgage, albeit small, but I also have more in investments than my mortgage. I guess a better explanation would be my net worth is now positive?
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You need to include all assets in calculating net worth. Given you are near to fully owning your home that alone would make your worth a much bigger positive. Your good bullion stash would add to it too. [emoji16]
__________________
2017 Escape 5.0 TA
2015 Ford F150 Lariat 3.5L EcoBoost
2009 Escape 19 (previous)
“Most folks are about as happy as they make up their minds to be.” — Abraham Lincoln
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09-23-2021, 12:29 PM
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#8
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Senior Member
Join Date: Feb 2020
Location: East of Austin, Texas
Trailer: 2021 Escape 5.0 / 2022 F150 SuperCab
Posts: 2,987
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Congrats, Jim, it's a good feeling I know
It's no small thing, the sense of relief (for lack of a better term though that's inadequate) that achieving these 'milestones' brings (above water, mortgage-free, debt-free, etc).
Many folks aren't so fortunate as you know, count each among your many blessings as I'm sure you do.
Wishing you continued good health, security, and Happy Camping with the arrival of your latest Escape!
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09-23-2021, 12:44 PM
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#9
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Senior Member
Join Date: Jun 2020
Location: Salt Lake City, Utah
Trailer: 2021 Escape E5.0; 2021 F150 PowerBoost
Posts: 1,193
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Quote:
Originally Posted by cpaharley2008
I still have a mortgage, albeit small, but I also have more in investments than my mortgage. I guess a better explanation would be my net worth is now positive?
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Heartiest congratulations! Your biggest asset is your health and I wish you much enjoyment!
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09-23-2021, 12:57 PM
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#10
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Senior Member
Join Date: Nov 2020
Location: Kenedy County, Texas
Trailer: 2019 Escape 21
Posts: 526
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I saw a bumper sticker once. 'Crime doesn't pay, neither does farming'.
It's been good around here for a number of years but I can remember my Dad getting together with my Gramps and talking about now to make it next year. At least there was no debt to service. It was still in my Gramps tenure and he would NOT allow ant debt beyond monthly bills.
__________________
Putting a smoke detector in my chimney wasn't such a good idea.
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09-23-2021, 03:05 PM
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#11
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Senior Member
Join Date: May 2018
Location: Atlanta, Georgia
Trailer: 2018 21
Posts: 252
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Quote:
Originally Posted by RangerMan
I saw a bumper sticker once. 'Crime doesn't pay, neither does farming'.
It's been good around here for a number of years but I can remember my Dad getting together with my Gramps and talking about now to make it next year. At least there was no debt to service. It was still in my Gramps tenure and he would NOT allow ant debt beyond monthly bills.
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You could add ranching to that list too.
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09-23-2021, 05:07 PM
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#12
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Senior Member
Join Date: May 2015
Location: Wellsboro, Pennsylvania
Trailer: 2017 Escape 5.0 TA
Posts: 140
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Underwater
I’m not familiar with CPA jargon, but what I think above water means is that if you sold everything you own and cashed in your investments all to pay your bills, you would be close to penniless and homeless but without debt. I guess that’s better than being underwater.
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09-23-2021, 05:12 PM
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#13
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Senior Member
Join Date: Oct 2008
Location: North Vancouver, British Columbia
Trailer: 2009 Escape 17B 2020 Toyota Highlander XLE
Posts: 17,136
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My new drug costs $4,000 a month, paid for by the government, which is why I'm not penniless.
Or dead.
__________________
What happens to the hole when the cheese is gone?
- Bertolt Brecht
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09-23-2021, 10:17 PM
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#14
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Member
Join Date: Apr 2019
Location: Whidbey Island, Washington
Trailer: 2019 Escape 19 "Sheep"; 2003 Toyota Tundra "Shep"; 2017 Aussie "Cody"
Posts: 44
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Bumper sticker - where can I get one?
Quote:
Originally Posted by RangerMan
I saw a bumper sticker once. 'Crime doesn't pay, neither does farming'.
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I came to ranching (sheep) late in life, a childhood dream come true - well, sort of. Except as a kid I saw myself on a cattle ranch in Wyoming, rounding up stock with with horses, etc. In my mid 50s, life experience had scaled down my expectations, and sheep on 40 acres seemed more realistic - little did I know! In fact, I knew nothing but I had saved enough $$ from real jobs to carry me through, and I am growing long in tooth with seven sheep, one llama and four alpacas, all long of tooth too. A pleasant enough lifestyle for waiting out Covid 19 and all its variants. Only lacking good conversation, but I have my Aussie for that. This winter we, the Aussie and I, will explore the nearby parks in our E19.
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09-23-2021, 10:22 PM
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#15
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Senior Member
Join Date: Jun 2019
Location: Bonney Lake, Washington
Trailer: 2010 Escape 17B
Posts: 188
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Living debt free is certainly not glamorous, but it sure is satisfying!
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09-23-2021, 10:23 PM
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#16
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Member
Join Date: Apr 2019
Location: Whidbey Island, Washington
Trailer: 2019 Escape 19 "Sheep"; 2003 Toyota Tundra "Shep"; 2017 Aussie "Cody"
Posts: 44
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Yup!!!
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09-24-2021, 12:49 AM
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#17
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Commercial Member
Join Date: Apr 2014
Location: Hillsboro, Oregon
Trailer: 2014 Escape 21 - "Felicity"
Posts: 2,945
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Will never forget walking into my bank and handing over the last check to pay off the mortgage....had to do that in person.
__________________
Charlie Y
Need custom storage to your design? Don't drill holes!
www.RVWidgetWorks.com
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09-24-2021, 11:13 AM
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#18
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Senior Member
Join Date: May 2013
Location: ..., New Mexico
Trailer: 2013 Esc19/'14 Silvrado
Posts: 4,193
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Although I have no mortgage, our two cars are paid off and my VA doctors have been great, regardless, if there's a will I want to be in it.
__________________
Myron
"A billion here, a billion there...add it all up and before you know it you're talking real money." Everett Dirkson
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09-24-2021, 11:31 AM
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#19
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Senior Member
Join Date: Apr 2021
Location: Centennial, Colorado
Trailer: 2020 5.0 TA
Posts: 213
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Congrats on your achievement!
As others have commented, it's not easy!
I never thought I'd be able to retire... or own a nice camper... but we somehow got there.
We now count our blessings and hope to enjoy the gift of time before our bodies (bah-days) wear out.
2 days ago, we were in our Escape surrounded by beautiful autumn scenery. Jimmy Buffet somehow came out of the speaker and said "I made enough money to buy Miami but I pissed it away so fast." Wealth is subjective!
Mike
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09-29-2021, 09:04 AM
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#20
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Senior Member
Join Date: Oct 2008
Location: St. Thomas not BVI., Ontario
Trailer: 2014 Escape 5.0TA / 2016 Ram Eco Diesel 4X4
Posts: 8,045
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Milstone?
Quote:
Originally Posted by cpaharley2008
Passed a milestone this year, my debts are finally less than my investments, including my house mortgage. It is a funny feeling but now I'm hoping my health will allow me to enjoy it awhile! I hope others can enjoy the sense of relief from stopping their water treading and breathing freely!
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Hi: cpaharley2008... I feel your relief!!! Even though we're mortgage free we have a line of credit tied to it. In this case we can't "Burn the mortgage". I use it to pay for my love of "Big boy toys". Alf
escape artist N.S. of Lake Erie
__________________
Quote Bugs Bunny..."Don't take life too seriously, none of us get out of it ALIVE"!!!
'16 Ram Eco D. 4X4 Laramie Longhorn CC & '14 Escape 5.0TA
St.Thomas (Not the Virgin Islands) Ontario
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