With great regret, The tractor must be sold.

[TheMan419]

Please come back and post audio of your debt free scream when you get there! It is a good place to be. At 28 you will be a tractor owner again before you know it and pay cash for whatever machine it is you want. Good for you. Also come back and gloat when you retire at 50.

 

[RNeumann]

Congrats on the Dave Ramsey dream! Changed my life and my family’s!

 

[Doofy]

I certainly hope you won't regret selling your tractor. I have regrets on every piece I have ever sold. Weren't using my JD40 Crawler and flat-bed Chevy much so I sold them. Bad move. These things are to hard to replace where I live.

Got divorced...thought I needed to sell my Case 580 Extend-a-hoe. Piddled away all the money and solved nothing. Married a better woman that didn't like being in debt and she straightened me out along with our finances. Slowly but surely, we climbed out of debt. Only debt now is my new tractor.

 

[kc5dlo]

Really excited that you have things mapped out to a better future. Once you get debt free, it wont take long to save and spend a portion of that money to get a new tractor. Getting debt free is really not that difficult once you get started. Success breeds success and as you pay off one bill and re-direct that payment to the next bill. Too many people simply replace one bill with another. One thing about school is they teach you how to work for money but fail to teach how money can work for you.
One regret I have looking back, I should looked into Roth IRA's when I was younger. Back then the story was to invest in the 401K and when you retire, your expenses will be less, therefore the tax liability will be less. Think I would have done better with the Roth.

 

[Diggin It]

I'm not borrowing from it. I'm using it as it was intended. There will not be any payment back into it, now or ever.

 

[Doofy]

Being debt free is one of the best feelings in the world.

 

[mcfarmall]

I'll get a tractor someday, I'll get in to woodworking someday, I'll build a nice shop someday, blah blah blah. My dad died and "someday" never came for him. I'm enjoying things while I'm "young" and healthy and have the income to pay for the stuff.

Dave Ramsey is fine and dandy but I disobeyed him when I bought a BRAND NEW 2003 Honda Odyssey. Sixteen years later and 250k miles and I'm still driving it. His mantra only holds water for those who need the latest and greatest ride all the time.

Don't get me wrong, I'm saving and heavily investing in my retirement accounts and don't accumulate debt on credit cards, but a tractor will last me until I die and then it will live on to serve someone else.

Good luck with your process...everyone must do what's best for THEM.

 

[4570Man]

I'll get a tractor someday, I'll get in to woodworking someday, I'll build a nice shop someday, blah blah blah. My dad died and "someday" never came for him. I'm enjoying things while I'm "young" and healthy and have the income to pay for the stuff.

Dave Ramsey is fine and dandy but I disobeyed him when I bought a BRAND NEW 2003 Honda Odyssey. Sixteen years later and 250k miles and I'm still driving it. His mantra only holds water for those who need the latest and greatest ride all the time.
.

I bought a project house at an auction. The auction firm and lady hired to handle the estate did a lousy job and left all the bank records in the house. Of course I was nosy. The guy was worth at least 5 million and lived like he was worth $5. And then died and left everything to the state. Seems pretty stupid to me. What good is a 7 figure bank account if you never use it. Heck I had his social security card, drivers license and all bank information. Sometimes I regret doing the “right” thing and turning it all in. Even if you aren’t into the extravagant lifestyle you could do a lot more good with 5 million plus than leave it to the state.

 

[Doofy]

I bought a project house at an auction. The auction firm and lady hired to handle the estate did a lousy job and left all the bank records in the house. Of course I was nosy. The guy was worth at least 5 million and lived like he was worth $5. And then died and left everything to the state. Seems pretty stupid to me. What good is a 7 figure bank account if you never use it. Heck I had his social security card, drivers license and all bank information. Sometimes I regret doing the right thing and turning it all in.

I have never regretted doing the "Right" thing! Plenty of "Wrong" things that I did regret though.

 

[4570Man]

I have never regretted doing the "Right" thing! Plenty of "Wrong" things that I did regret though.

Well I’m not sure that was the right thing. If someone has no relatives to give it to and I found it than who really should have it? What did the state do? They’ve been taking their share his whole life. In either case too late now. It wasn’t really free and clear mine though or it definitely would have been. 5 million or more wouldn’t have been a bad return on investment on a 150k house.