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Have you ever cashed out a significant chunk of assets to pay off all of your debt? In hindsight, was it the right decision and why?
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December 2nd, 2009
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I’m contemplating selling my house to be free of debt. I feel like my monthly obligations are holding me back and I’d love to be done with my undergrad loans and the unpleasant ties to my undergrad education. Selling and paying off debt will likely mean not owning a home for a decent amount of time, but I’m no stranger to living cheaply.
That said, I realize this is probably not the best on paper decision, but sometimes you have to take a leap of faith.
So did you do something
like this and did it work for you? Why or why not?
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