Home > Reboot. Destination: Financial Stability and Freedom

Reboot. Destination: Financial Stability and Freedom

March 25th, 2021 at 03:25 am

It is official. We closed the contract on the previous primary residence. It was not without anxiety and chaos, but nothing really to retell as it all worked out in the end (as of 9:00 AM CST this morning).  

We are now currently mortgage free, paying cash for our townhome in September 2020.

We also own our rental property outright, and that yield $1,650 monthly passive income.

We deposited the equity check into our savings account today and will move it to Vanguard when the funds are available. I have upped the 401K contribution to 11% for SO.  We actually banked all of the stimulus payment 3 and managed to maintain a $10K EF.  I was in a car accident on Thursday with normal whip lash as a result, and State Farm offered me $2,100 and I accepted.  

I can breathe a huge sigh of relief.  We actually managed to accomplish what we had hoped for and it all should be much simpler and straighforward now.  Life and finances included.

5 Responses to “Reboot. Destination: Financial Stability and Freedom”

  1. Wink Says:

    Congratulations! And hoping you are OK after the accident.

  2. MonkeyMama Says:

    That's great news!

  3. CB in the City Says:

    Woo-hoo! It will be wonderful to be mortgage-free!

  4. LivingAlmostLarge Says:

    congratulations! i know it's been hard to sell but good going!

  5. rob62521 Says:

    Congratulations! Good news indeed!

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