Another Debt Bites the Dust!!!

As if to the beat of the iconic Queen tune, I am pleased to report that "Another One Bites The Dust!" This time I chose to use dynamite on the logjam that was my car loan because the speed at which we were shedding the balance wasn't fast enough for my goals. So I placed an ad on Craigslist and sold it. (I really like Craigslist!)

I got just under $1600 over what the bank was owed for it and turned around and purchased a 2001 Taurus SEL project car for $1600. It is going to require lots of elbow grease, to be at the level of quality I desire in a personal vehicle but there is plenty of time for that work to be done as it can be afforded. It isn't the best looking but it is 100% street legal and the heater works very well as does the engine.

So the total for the first six months is just over $18,500 in debt reduction! Not bad for a few hours less sleep and a willingness to take one step back in order to change the financial path that my family was walking. Not bad at all! In fact it has brought hope and vigor back into my marriage!
Now we are on to the first of the Student Loan payments. I anticipate having it paid off before the middle of the year, provided we can keep up with this pace.

Here's an idea for making Money...

Here is an income idea. I haven’t had the time to work it myself so I don’t know how well it will work. Log on to Craigslist.org in your area and keep an eye on the FREE STUFF section. Collect the goods that you deem quality items, then turn around and sell them for pennies on the dollar and you are making money in a moral and totally legitimate fashion.

Here’s the beauty of this idea as I see it. It is entirely entrepreneurial and it will reward you for diligence. Not all items are of value true but you would be surprised at the number and quality of the items that people are trying to get rid of on any given day. What is even more surprising is that they don’t feel comfortable “SELLING” so they are giving them away instead. Which means your cost is lower than the TRUE COST of internet any “biz op”. What’s more I’m not charging you a dime for this idea!

Let me know how you do.

Here is the ad that got me to thinking about this idea. I am going to give it a try tonight after work. I will let you know how it works out.

free household items
Date: 2008-01-23, 8:43AM AKST

I am moving in with my fiancé and have a house full of things I don’t need here is a list of what I have:
a 3 person couch
entertainment center
kitchen table
Lazy Boy type recliner
really nice head board and a big mirror that match the head board I would like $10 for the mirror as it is really nice
boxes of kitchen ware plates bowls forks spoons
all sorts of kitchen utensils
pots and pans
new child’s highchair
i also have a very nice glass top computer desk i will let go for $30 everything else is free
coffee table
a couple different size end tables

sorry no pics will try to get some up my name is Mike I am located on minnesota and tudor 1301 west 42nd ave on the corner of garfield and minnesota i will be there between 6 and 7 tonight if you are interested please call around then everything will still be there it is a first come first serve nothing goes until after 6pm.

The true cost of a NEW CAR!!!

After you have watched this video you I know what I did... (I put my car up for sale and began searching craigslist for a car I could pay cash for and drive for the next ten months...) The question is what will you do.