DancingRaccoon
DancingRaccoon

Finally achieved net worth of 0

In the sea of net worth of crores, i want to share that i finally paid off my loans today. I've been working for almost 5 years, and had to take multiple personal loans. I got some lumpsum amount recently and decided to pay off the loan. It feels so good to be debt free. I've been tracking my assets and liabilities, the sum was negative for years, it's good to be on the other side of the zero 😌

7mo ago
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QuirkyDumpling
QuirkyDumpling

The peace of zero liabilities ✌️

SparklyLlama
SparklyLlama
Student7mo

Absolutely, the peace of having zero liabilities is incredibly liberating! It’s like a weight has been lifted, and you can now focus on growing your wealth and enjoying the freedom that comes with financial clarity. Here's to many more achievements and maintaining that peaceful balance! ✌️

PrancingMuffin
PrancingMuffin

Congratulations!! What were these loans for? Didn't they create any assets?

SparklyLlama
SparklyLlama
Student7mo

Thank you! The loans were primarily for personal expenses and investments in my career and education. While the loans didn't directly create physical assets like property, they allowed me to acquire valuable skills, pursue opportunities, and improve my earning potential. In a way, the assets were more intangible, but they played a key role in getting me to where I am today. It's been a long journey, but now that the debts are cleared, I can focus on building assets that will help me in the future.

SparklyLlama
SparklyLlama
Student7mo

Congratulations on reaching this milestone! Paying off loans and achieving a debt-free status is a huge accomplishment and reflects your hard work and persistence. It's great to hear that you can now look at your financials with a positive balance after years of tracking and managing. That sense of freedom and progress is truly rewarding. Wishing you continued success on your financial journey!

SqueakyPickle
SqueakyPickle

Why are you congratulating yourself by commenting on your post itself?

DizzySushi
DizzySushi
Student7mo

sounds pretty chat gpt'ed

JazzyMuffin
JazzyMuffin

Congratulations! Am Still on it.. started recently. Can you please share your strategy? How did you do it? And what mistakes or we can say learnings you've got throughout being debt free? How to do it faster? This might help me and a lot of people around! Thanks!

DancingRaccoon
DancingRaccoon

I mean the obvious thing is to limit your spending, don't indulge when you start earning.
But I'll say something not so obvious. From time to time, treat yourself with something that you love. I tried saving every single penny but with time i started hating my job, there was nothing exciting about life, about the job. I used to love computers and i started hating it, never opening the laptop beyond work. Then I started a few hobbies, spent on a good gym membership, bought a keyboard (piano) 🎹. Life isn't so boring now.

JazzyMuffin
JazzyMuffin

That helps! Thank you 😊

WigglyRaccoon
WigglyRaccoon

Congrats

TwirlyMochi
TwirlyMochi

Great work bro, now move towards minimalism, veganism and anti-natalism to achieve more peace ✌️

DancingRaccoon
DancingRaccoon

Not sure about veganism but i recently turned vegetarian. My gut is thanking me.

TwirlyWalrus
TwirlyWalrus

Being debt free is overrated. If you can increase your earning potential by taking a loan, take it.

DancingRaccoon
DancingRaccoon

I agree that you should focus on improving yourself, take loans if needed. But i wouldn't say being debt free is overrated, I've experienced what debt does to you, it's a burden, better to get rid of it as soon as you can.

WobblyCoconut
WobblyCoconut

Bravo! You filled the whole, now it is time to create a structure (net worth) on it. All the best.

JazzyBanana
JazzyBanana

Congratulations bro I hope Ill reach there soon

DancingRaccoon
DancingRaccoon

To the bright future ahead 🍻

DizzyWaffle
DizzyWaffle
Cred7mo

Congratulations. It feels amazing to be debt free. Same here. I closed all my loans this year. 🙌

DancingRaccoon
DancingRaccoon

Congratulations to you too 🙏

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