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Debt FREE at last! Debt FREE at last! Thank God Almighty, I’m debt FREE at last!
Lincoln Adams | July 4, 2009 @ 2:40 amIn the due course of history, a man is empowered with the capacity for life and liberty when he is financially beholden to neither men nor entities. These truths are self evident in their own right, that without freedom from debts and liabilities men are deprived in the profoundest of ways from pursuing that which would ensure their happiness and well being. It is hereto realized and understood the egregious deception by which principalities have sought to strip us of the very power that has been so rightly bestowed to us by our Divine Creator.
Acknowledging then the oppressive currents of those who have entrusted themselves to the cause of evil, I hereby declare my free and total financial independence, with a firm reliance on the protection of divine Providence to utilize these newfound freedoms for the noble cause of truth, justice, and charity.
In other words, I paid off my school loan. 
That concludes the triple play of payments I’ve been making to get myself completely out of debt, starting with my credit card (which went as high as $8,000), then my car loan, and finally my college loan, which had been a boil on my boom booms for 11 years.
It couldn’t have come at a better time either. The VERY day I made my last payment on my school loan, my job started a 6 month period where I have to work two days a month without getting paid, a concession my union made because they’re a bunch of spineless baboon heads that are only good to take my money so they can organize picnics I never get invited to.
But anyway, regardless of that temporary cut back, the world is my oyster now, and that my friend is truly a miracle. Not too long ago I was $20,000 or more in debt, and now it’s all but gone. This is the LORD’s doing, and it is marvelous before our eyes. 
From here on out, I can just keep on saving until I build myself a decent nest egg and use that to go back to school for a masters, buy a new car, and/or put a down payment for a nice house in another state (some place very, very far away from New York). I’m not sure exactly what I’ll do by then, but one thing I do know is that I will NEVER, EVER (with the possible exception of a mortgage), go into debt again. The feeling of owing money to whomever was to me the worst feeling in the world, and I thank God for this tremendous gift of financial freedom, given to me on the 4th of July, of all days. From now on I will be the head, and not the tail, and I will lend to many nations, but I will not borrow thereof. 
And now if you’ll excuse me, I need to go collapse into bed for some well deserved rest, then get ready for muchos BBQ food, fireworks and good times.
Happy Independence Day!
Tags: car loan, college loan, credit card, debt, debts, financial, financial freedom, gift, God, independence, independence day, job, liberty, lord, money, world is my oyster
Categories: Lincoln's Personal Log
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One Step Closer to Financial Independence
Lincoln Adams | February 20, 2009 @ 9:15 amI paid off my car loan!
2 down, 1 to go! I paid off my credit card last July, so all the remains now is my college loan, which at my current pace should be paid off this 4th of July, of all days.
I learned a few things today too. For one, withdrawing a few hundred bucks from an ATM machine is not quite as easy as you might think. My tax return was finally deposited into my account yesterday, but the account that held my car loan was with a different bank, so I needed to deposit part of my tax return into that account so I could pay off my loan in its entirety. I figured no problem though, I’ll just hit up the ATM for a few hundred and be on my way.
First I went to the local gas station where their ATM doesn’t give me lame surcharges. I cheerily walked in, took out my card and…
“Out of Service. Please come back another time.”
Of course…
So I went to a 7-11 and used the ATM there.
“Withdrawal request exceeds allotted funds. Please try again.”
For the love of… ok, I’m sure by now you’re thinking why I didn’t just go to my bank directly and make the withdrawal there. The bank was 20 miles away, and a trip there and back would lose me an hour at least. By the time I got to the other bank holding my car loan it’d be closed, and I REALLY wanted to get this over with now.
So I took the maximum amount of cash the ATM could dish out, which was $400, then drove to another ATM. This time I could only withdraw $100. I withdrew that amount, then swiped my card again to make another withdrawal.
“We’re sorry, you have exceeded the daily limit of withdrawals that can be made. Please try again tomorrow.”
Huh? 
I tried it again.
“We’re sorry, you have exceeded the daily limit of withdrawals that can be made. Please try again tomorrow.”
I just stood there, trying to figure out what to do next. I was still a $100 short, and I needed to find some other way to get it. Ooooh I know, I’ll use my credit card! I could pay the difference when I got home too. Easy peachy! So I swiped my credit card.
“Please enter your pin number.”
Pin number? Oh crap. I had forgotten what it was. Let’s see, I think it was 1-2-3-4.
“Incorrect PIN number. Please try again.”
@#$%^!!!
Ok, ok, let me think here, how else can I get cash without using the ATM… … …
Cashbacks!!
I quickly ran into another 7-11 and bought myself coffee. Swiped my card at the register and waited for the cashback screen to show up:
“Cashback amount?”
I inputted $100, then waited, confident and enjoying my coffee.
“You may only withdraw a maximum of $10.”
Dude… why?
“Is everything alright, sir?”
“Could I like, get some money from your register?”
The cashier stood there wide-eyed.
“No no no, I mean the cashback here only goes up to, you know… uh, I didn’t mean…, I’ll just take my coffee now.” I quickly walked out.
Alright, what now… I vaguely remembered being able to get more than $40 cashback from the supermarket, so I figured my best bet would be there. I drove a few miles to a nice big honking supermarket and went inside.
Only one thing was going to make all this aggravation worth it. Bagels! I bought myself a few whole wheats and some cappy ham, then quickly went to the self check-out. Swiped the card again, said a little prayer and inputted $100.
“Card Approved.”
YES! Finally! The machine started dispensing my $100… in 5 dollar bills, and of course, it had to be one of those nuclear powered cash dispensers where gobs of 5 dollar bills went flying out like a winning slot machine. I frantically picked up the cash, counted it to make sure I had it all, then hauled heinie out of there.
At long last, after what had to be 5 or 6 stops (I lost count) of putting together the cash I needed, I stopped by my bank and proudly slapped down the money.
“I’d like to pay off my car loan please.” I smiled broadly.
They gave me a receipt and that was it. I got into my beautiful ride and took a deep breath.
“Finally, you’re all mine.” I turned the ignition and sighed happily.
*click*
Ha, just kidding, it started up fine.
I have to tell you though, during the drive home it seemed like the whole world was literally aiming at my car, almost as if they all knew it had just been paid off too. Oy.
But finally, FINALLY, this headache was now over with, and with all that behind me my college loan was the only thing left that stood between me and becoming completely debt free.
I can’t wait! 
Tags: atm machine, bank, car loan, cash, cashback, college loan, credit card, debt, financial, independence, money, supermarket, tax return
Categories: Lincoln's Personal Log
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