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Updated over 4 years ago,
DEBT FREE! Now What?
Good Morning BP community,
My name is Mike and this marks my first post on the forums after being an active podcast listener and forum reader.
Here is some background info and then I'll get straight to the point:
I am 28 years old and worked hard to pay off over $75,000 of student loan, auto, and credit card debt over the past three years and am now DEBT FREE. I have no dependents, am currently renting, and have a stable 9-5 and a side hustle in the evenings.
I worked hard on getting my expenses as low as possible (without house hacking) and generate roughly $3,000/mo. on top of my expenses.
I have built up $10,000 of emergency savings and take the company match for the offered 401k plan. My goal is to be financially independent by the age 35.
My question is what to do with my surplus of income to reach my goal?
Thank you for your time and ideas!