Debt free? Is anyone.lol It would actually get me close to it as far as credit cards but they are business related ones, on the personal front we are pretty debt free besides my wifes car and the house. Finally finished off the Student Loans last year. Just a couple small credit card balances from stupid stuff.
Business has been down for me over the last 6 mos and it has been a wake up call to me. I had plenty of reserves but most of that is MIA now. Business is picking up a bit but who knows what next winter will bring. The last 2 really were tough on us here.
I have a 70 Barracuda that is waiting in the wings, this would definitely help finish that project. It is not in a state to be sold so can't do that. I'd take a hit on it if I tried. At least with the 72 i could get back almost all the cash I got in it, but my labor is free.lol
I currently have my home for sale, not truly necessary but I am looking to downsize and exit the rat race of keeping up with the jonses so to speak.. I'm still a pup compared to some of you guys(33) and would like to plan for the future a bit. If/when my home sells even in this crappy market I should be able to halve my current mortgage. I built the place and have decent equity.
I really am stuck on this issue, I feel like I don't have to sell right now and the $$$ is there. I'm worried that if I DO have to sell later the $$$ won't be there. I may kick myself either way on the issue.
I'd really like to have a bit more space and build a bigger garage.LOL
Tom
My Wife has been great, She doesn't want it to go. I feel like it may be the right thing all things considered. I know that the 70 will be a few years from finished and that is my fear. Nothing to cruise in in the meanwhile. I also won't have a garage soon to store or tinker in soon either. Many questions and thoughts for sure.