Get out of Debt oh Get out of Debt

  1. Stop going into more debt.
  2. Reduce your interest rates.
  3. Be aggressive, but not insane, about paying down debt.
  4. Find a way to earn extra money to help fuel your debt paydown.

Currently I have two debts: ( luckily no credit card debt)

1) Car Loan - 1 years+, another 4 years to go - left 30 k
2) House Loan - another 10 years - left 100 k

I plan to settle this two loans by 50 years old. I am 42 years old.

8 years left for me.

Car loan should be finished by 2021 else bank will tow away my car.

House loan:

1 k * 12 months = 12 k per years * 8 years = 96 k 

Target achieve, By 50 years old, I am debt free.


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1 comments:

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Borrower's Information.
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Regards,
Jaafar.