The time has finally come: NO MORE DEBT. It is crazy to say and even crazier to think that said has occurred. What a ride it has been. With the help of discipline, friends, and family, I was able to pay off my last $5K student loan through the UofU and my $13.1K car that was financed. Both of which had an interest rate of 3.9%.
However, the student loan could be paid off monthly via a credit card. Such an interesting and dangerous concept: paying off debt with debt.
It will be extravagant to see what happens to the precarious student loan “bubble”. Will it burst and cause the next financial downfall? My money is on yes! The real question will be…who will be stuck in the middle of it with all of the pain and suffering to come?