Sunday, December 16, 2012

How much debt do I have? (Dec 12)

In Sep 12, I had calculated my total debt which is totally from the mortgage loan of my flat to be $3K. The calculation is based on using the outstanding housing loan amount minus away my total family CPF OA amount.

Today my total debt has finally become $0. Hooray!!!

5 comments:

Cory said...

Errrr you mean you have more money in OA than your outstanding loan ?

But ... debt is still there till you paid them, right ?

Freedom Achiever said...

Hi Cory,

You are not wrong. Though there is still debt, but this debt can be paid off any time.

Regards,
Freedom Achiever

MSAPersonalFinance said...

Congratulations!!!

I think previously you shared that you are not going for private condo. So, what is your next plan?

Cheers

Freedom Achiever said...

Hi MSAPersonalFinance,

Thank. I will keep the option open for a buying condo.

The plan now is to accumulate more fund first and waiting for good opportunity to invest more money in shares.

Regards,
Freedom Achiever

sam jose said...

It's a good news only. If you have no debt, then you are the happiest person in the world.

Have you started your journey towards financial freedom?