tag:blogger.com,1999:blog-4654303930129608743.post6011332209413398072..comments2024-03-22T15:04:41.999-05:00Comments on Table for One: Solitary Diner, Debt SlayerSolitary Diner (Also Known as The Frugalish Physician)http://www.blogger.com/profile/01239189582752445700noreply@blogger.comBlogger25125tag:blogger.com,1999:blog-4654303930129608743.post-68729734552326065282021-05-30T09:38:49.747-05:002021-05-30T09:38:49.747-05:00
I started on COPD Herbal treatment from Ultimate ...<br />I started on COPD Herbal treatment from Ultimate Health Home, the treatment worked incredibly for my lungs condition. I used the herbal treatment for almost 4 months, it reversed my COPD. My severe shortness of breath, dry cough, chest tightness gradually disappeared. Reach Ultimate Health Home via their website www.ultimatelifeclinic.com I can breath much better and It feels comfortable!<br /><br />Florencehttps://www.blogger.com/profile/03247616144267009897noreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-33151117452740715302018-01-20T15:54:34.030-06:002018-01-20T15:54:34.030-06:00I totally get the desire to be debt free... I'...I totally get the desire to be debt free... I'm 10 years out from residency and still have a fair amount on my LOC. <br /><br />I would love to pay it off completely, which I could probably do in a year, but I also think it's important not to make financial decisions based on emotions. Not sure if you're in a province where you're allowed to incorporate and what the small biz corp tax rate is for you, but essentially, if I were to pay off my LOC completely I'd have to factor in an extra 30% of taxes on the amount as it'd push me into the highest tax bracket. As you've pointed out, there's also the fact that my investments perform about twice what the interest rate on my LOC is. And lastly, given the tax changes this year related to passive investment income, I really am very glad that I have a nice little nest egg which will be grandfathered instead of getting taxed at 73%. I would be pretty pissed off now if I'd focused on debt repayment over the last 10 years, thinking I could catch up on my investments in my PC. Lianahttps://www.blogger.com/profile/13354145408658237195noreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-25972260742048448232017-12-30T13:04:10.201-06:002017-12-30T13:04:10.201-06:00You have done an amazing job of paying off debt, a...You have done an amazing job of paying off debt, and your net worth increase in the past year is impressive! I look forward to the day when we will both post about being debt-free.Solitary Diner (Also Known as The Frugalish Physician)https://www.blogger.com/profile/01239189582752445700noreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-60598771134733181402017-12-30T13:03:24.638-06:002017-12-30T13:03:24.638-06:00I think we sometimes forget that paying off debt, ...I think we sometimes forget that paying off debt, investing, and saving are all really good financial decisions. Even though the exact return on each may differ slightly, they are all still way better strategies than spending money (although of course spending money is necessary/fun too). I am learning to pay more attention to what feels right to me and what I am comfortable with than to what will bring in the absolute best return on the money.Solitary Diner (Also Known as The Frugalish Physician)https://www.blogger.com/profile/01239189582752445700noreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-79678675014270232012017-12-30T13:00:35.252-06:002017-12-30T13:00:35.252-06:00That's an impressively low amount of debt! Go...That's an impressively low amount of debt! Good for you for paying it off all at once. <br /><br />I have already started to feel the psychological boost, and it's wonderful. I can't wait for it all to be gone. I will definitely post updates.Solitary Diner (Also Known as The Frugalish Physician)https://www.blogger.com/profile/01239189582752445700noreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-17341429410736818392017-12-30T10:29:49.028-06:002017-12-30T10:29:49.028-06:00I'm with you! Debt is evil. Kill it! Kill it d...I'm with you! Debt is evil. Kill it! Kill it dead!<br />My debt is holding me back from so much in life. Nothing (other than saving for my retirement) will stop me from getting rid of it so I can live the rest of my life in peace.Double Debt Single Womanhttp://doubledebtsinglewoman.comnoreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-37907829908939348842017-12-27T22:01:35.843-06:002017-12-27T22:01:35.843-06:00Feelings are so real! Financial prudence sometimes...Feelings are so real! Financial prudence sometimes takes a backburner to ERASING X WILL FEEL FANTASTIC! I'm in that pickle now, sort of. I have over $100K of student loans and am about to receive a lump sum payment. My current plan is to put some aside for an EF, some for a down payment, and use the rest to pay down the high interest debt and invest a bit. I could pay off one student loan and free up a bit of cash-flow, but I think I would feel better by doing the current plan. Maybe I'm wrong and maybe my liminal relationship status is unduly influencing my financial choices. Who knows?!ZJ Thornehttp://www.zjthorne.comnoreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-9302806325748971162017-12-27T18:57:57.044-06:002017-12-27T18:57:57.044-06:00Yeah, no employer match for residents where I work...Yeah, no employer match for residents where I work, and certainly not during grad school either, though I could do a Roth then Bc my husband was employed (PhD stipend didn’t count as income). They only allowed us to do the 403b a year ago. Sigh.OMDGhttps://www.blogger.com/profile/17937425894428802591noreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-29321985182562290572017-12-27T09:30:45.811-06:002017-12-27T09:30:45.811-06:00You can also funnel all your debt repayment money ...You can also funnel all your debt repayment money toward saving up for a house, and you might get to the point where you'd need no mortgage or a modest one, depending on where you end up living.pennhttps://www.blogger.com/profile/07727291511829658991noreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-46212852775221847162017-12-27T09:29:07.759-06:002017-12-27T09:29:07.759-06:00It's also nice because no one can take the hou...It's also nice because no one can take the house from her. The stock market can crash, you could make a bad gamble . . . but as long as you can pay taxes and insurance, you've got your house free and clear.pennhttps://www.blogger.com/profile/07727291511829658991noreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-22417323078524368242017-12-27T09:28:01.503-06:002017-12-27T09:28:01.503-06:00I hate debt too. I literally paid off my student ...I hate debt too. I literally paid off my student loan in one fell swoop the week before I had to start paying interest because the thought of paying any interest made me twitch (even tho, yes, I know I would have earned more putting that money in investments. Whatever.). This was easier to do for me since I only owed $13k or so -- I was super careful during grad school to take out almost the minimum. My only splurge was an extra $2k for a laptop.<br /><br />I applaud your idea of paying off debt. I think the psychological boost is awesome. I honestly think it's been easier for me to save more for retirement knowing I have no debt.<br /><br />Looking forward to seeing your progress! Please keep us updated.pennhttps://www.blogger.com/profile/07727291511829658991noreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-65870077498659407392017-12-21T22:05:59.413-06:002017-12-21T22:05:59.413-06:00You will get there! And you will be there long be...You will get there! And you will be there long before you reach my age.Solitary Diner (Also Known as The Frugalish Physician)https://www.blogger.com/profile/01239189582752445700noreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-53233218254002911922017-12-21T22:05:24.156-06:002017-12-21T22:05:24.156-06:00Ha!Ha!Solitary Diner (Also Known as The Frugalish Physician)https://www.blogger.com/profile/01239189582752445700noreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-31810650064370600712017-12-21T22:05:05.318-06:002017-12-21T22:05:05.318-06:00I can't imagine taking on a mortgage after get...I can't imagine taking on a mortgage after getting rid of this debt. But maybe someday I'll want a house badly enough.Solitary Diner (Also Known as The Frugalish Physician)https://www.blogger.com/profile/01239189582752445700noreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-10488496658837221572017-12-21T22:04:17.890-06:002017-12-21T22:04:17.890-06:00Sophia - I look forward to that psychological bene...Sophia - I look forward to that psychological benefit!Solitary Diner (Also Known as The Frugalish Physician)https://www.blogger.com/profile/01239189582752445700noreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-34648144661028261832017-12-21T22:03:50.680-06:002017-12-21T22:03:50.680-06:00OMDG - Not to mention the fact that you seem to re...OMDG - Not to mention the fact that you seem to really enjoy the research that you're doing. Personal happiness and satisfaction are definitely more important than money (once one has earned enough for basic survival, of course).Solitary Diner (Also Known as The Frugalish Physician)https://www.blogger.com/profile/01239189582752445700noreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-74044702306763784162017-12-21T22:02:31.407-06:002017-12-21T22:02:31.407-06:00I wish I had an employer match!I wish I had an employer match!Solitary Diner (Also Known as The Frugalish Physician)https://www.blogger.com/profile/01239189582752445700noreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-1034117559143634532017-12-21T22:02:05.794-06:002017-12-21T22:02:05.794-06:00Psychology is huge! Not to mention that she has t...Psychology is huge! Not to mention that she has the feeling that her mom paid for her house, which must be really nice.Solitary Diner (Also Known as The Frugalish Physician)https://www.blogger.com/profile/01239189582752445700noreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-50627428176293489052017-12-21T18:32:08.797-06:002017-12-21T18:32:08.797-06:00I feel the same way about my PhD.
We emptied out...I feel the same way about my PhD. <br /><br />We emptied out our savings and deferred retirement to pay off my husband's law school debt and the psychological benefit to being debt free was 100% worth it for us. Sophiahttps://www.blogger.com/profile/10314471492289828705noreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-36139371371010733472017-12-21T06:53:37.707-06:002017-12-21T06:53:37.707-06:00FIVE DIGITS? I long for that day! I completely und...FIVE DIGITS? I long for that day! I completely understand the hate, your words read like a mantra that usually goes over and over in my head every paycheck. I think that tackling the debt for your own peace of mind is worth having to rebuild up your savings again for a down payment once you're loan-free. I would much prefer more mortgage debt to student loan debt - at least you get something that has tangible value! <br /><br />Good luck slaying that debt!Miss Liabilitieshttps://www.blogger.com/profile/01112789784010145878noreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-15092045722830129452017-12-18T16:17:04.636-06:002017-12-18T16:17:04.636-06:00Being debt free is a feeling money can't buy (...Being debt free is a feeling money can't buy (?!?). It definitely removes some stress and worry that is always there in the background.Jonohttps://www.blogger.com/profile/18170214396483091419noreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-21158212737813684922017-12-17T17:48:26.231-06:002017-12-17T17:48:26.231-06:00I hear you - I have a mortgage and a car loan. An...I hear you - I have a mortgage and a car loan. And if the car loan wasn't at zero percent, I would *really* be itching to get rid of it! As it stands, the mortgage is my big target and, while it feels like it is taking FOREVER, I have to realize that - assuming all goes well - paying off my house in 10 years is a VERY GOOD thing and not at all to be scorned - given that the standard length of a mortgage contract in California is 30 years these days.<br /><br />And yeah, I can make more than 3.125% in the stock market - but I am also going to feel SO AMAZING 3 years from now when I don't owe anyone ANYTHING!spiffikinsnoreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-74658363545509547222017-12-17T13:41:02.644-06:002017-12-17T13:41:02.644-06:00So long as you're still getting any employer-m...So long as you're still getting any employer-match for retirement, this seems reasonable to me! We definitely paid off student loans before thinking about buying a house. nicoleandmaggiehttp://nicoleandmaggie.wordpress.comnoreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-16110564845728189482017-12-17T13:28:07.085-06:002017-12-17T13:28:07.085-06:00Objectively speaking, my PhD was a terrible invest...Objectively speaking, my PhD was a terrible investment. I took four years of my life, and while yes, it was paid for (along with med school and living expenses to the tune of somewhere around a neat half-mil), had I worked as an anesthesiologist for four years, I would have $1,000,000 or some such instead. Minus tuition and living expenses. However, having no debt is a huge psychological load off my back, and I have an extra degree that will allow me to walk away from medicine and step into another interesting career should I choose to do so. Sometimes I feel down Bc I am ten years older than most of my resident peers, but overall I am really happy with my decision. Debt sucks.OMDGhttps://www.blogger.com/profile/17937425894428802591noreply@blogger.comtag:blogger.com,1999:blog-4654303930129608743.post-905506983211147432017-12-17T10:44:09.938-06:002017-12-17T10:44:09.938-06:00When my best friend's mother passed away, inst...When my best friend's mother passed away, instead of putting her inheritance into a retirement or other investment, she paid off her house. I kept thinking how remarkably short-sighted that was - her mortgage was tax deductible, the payment wasn't that much, her wages are low without possibility of increase so she will need retirement funds, etc. etc.<br /><br />I asked once and then let it alone, and then recently - years later - finally understood. It's about the psychological benefit. She still has to pay for insurance and taxes on her house so it's not like she's living for free, but she doesn't owe the bank and that makes her feel better. And isn't that what money is for, to make us feel better? <br />NOLAhttps://www.blogger.com/profile/05572754078356812922noreply@blogger.com