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!!!
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5 comments:

  1. CoryDecember 20, 2012 at 8:32 AM

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

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

    ReplyDelete
  2. Freedom AchieverDecember 20, 2012 at 10:39 PM

    Hi Cory,

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

    Regards,
    Freedom Achiever

    ReplyDelete
  3. MSAPersonalFinanceDecember 23, 2012 at 12:43 AM

    Congratulations!!!

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

    Cheers

    ReplyDelete
  4. Freedom AchieverDecember 23, 2012 at 8:33 AM

    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

    ReplyDelete
  5. KenJanuary 24, 2013 at 2:27 PM

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

    ReplyDelete