If you could see me right now, I would be doing a happy little jig like my grandpappy after a few rounds of Jamison. I sold my second vehicle today and have no more car payments!
It was only a couple of years old and still in great shape, relatively few miles, so I took it to a local car dealership. They offered me $500 below my payoff balance, I gave them the difference, and called an Uber to get home.
Easy as pie.
I was a little worried about paying the $500, but then realized that between having no more car payments owed and no longer needing insurance for it, I would break even in less than 2 months.
What plans do I have for my newfound riches? I’m so glad you asked. I am going to contribute to my employee stock purchase program, get company stock at a 15% discount, sell it quickly and net between 10%-12%. After I sell the stock I will apply the cash toward my first 401(k) loan.
I have about $50 going into my stock purchase account right now so I can make sure it will all work as planned, and then will ratchet up my contribution.
I’m so stoked!