Month: October 2013

OPINIONS are like nipples…everybody has one.

As of this date, very few people know about our planned journey. While this isn’t completely intentional, we simply haven’t broadcast it to the masses.

Colter keeping it on the down low.

Colter keeping it on the down low.

But, you may ask, aren’t you already blogging on the World Wide Web? Why yes, we are, but we haven’t had our IPO as of yet.  It is coming very soon. Considering one of my two jobs involves a lot of idle time at 37,000 feet, I have been compelled to share “the plan” with a lot of my pilot associates. It is quite refreshing that every one of them have been rather supportive and maybe even a little envious. This could just be a byproduct of a pilot’s desire for excitement, adventure, travel, etc.

On the flip side, I have encountered a few folks who are a wee bit negative on the whole concept. They just can’t seem to grasp dropping out of the “real world” in the so called prime of our careers to go float around in the ocean for awhile. I guess I get it in a way, as it does seem a little aggressive. Then again, so is working two full time jobs and not seeing your wife and kids but for a few hours a week.

I really hope once we do put this blog out there to the public, we will get additional input on this dream of ours.  I am excited to see some comments roll in people, so please don’t hold back.

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Debt FREE…other than the mortgage!!!

As of today, the YOLO crew is debt free! I made the final payment to close out the last of my school loans this morning. I can attribute a bit of this success to Dave Ramsey, though we did not buy or follow his specific programs. About a year ago we started getting serious about our credit card debt. We never had any crazy high balances, but on occasion, they would climb up to 10K or so. In fact, I started and grew my Disc Jockey business by playing the 0% Intro APR game. We would just transfer the balances to a new card when the old card promotion was about to run out. It worked…but it may not work for everyone! Though we still use them daily, I always have them paid in full before the bill is due. We have an AMEX business card that gives us really good reasons to spend on it, such as 4% cash back on FUEL purchases. Last year, we received almost a $1000 in cash rewards for simply using this card!

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It would be foolish to say that the home mortgage is NOT a debt, as it most certainly is. But, we plan on listing the house for sale in December, which will truly free us of the evil bank enterprises and their dollar sucking interest rates. When the time comes, this will warrant another post, with even more excitement behind it. Because, once the house sells, we will have sufficient dinero to get real serious about our boat shopping.

Moving forward, we truly hope to avoid any future needs for bank financing. Want something + have money = OK to buy. Want something + don’t got no money = You’re S.O.L.

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