1. Welcome to Tundras.com!

    You are currently viewing as a guest! To get full-access, you need to register for a FREE account.

    As a registered member, you’ll be able to:
    • Participate in all Tundra discussion topics
    • Transfer over your build thread from a different forum to this one
    • Communicate privately with other Tundra owners from around the world
    • Post your own photos in our Members Gallery
    • Access all special features of the site

Paid Off 2 Years Early: 100% Debt Free!

Discussion in '2.5 Gen Tundras (2014-2021)' started by AK 6.7PSD Replacement, May 9, 2021.

  1. May 9, 2021 at 5:59 AM
    #1
    AK 6.7PSD Replacement

    AK 6.7PSD Replacement [OP] New Member

    Joined:
    Dec 22, 2017
    Member:
    #11686
    Messages:
    202
    Gender:
    Male
    IL, MO, KS, DE, IL, AK, SC...
    Vehicle:
    2018 SR5 DoubleCab 4x4
    Just paid the final $7,700 this morning on my 2018 Tundra to complete our journey to being 100% debt-free! $73,000 (truck and stupid) in 20 months. Not an infomercial, but if you want to know how you can do it using delayed gratification and discipline, check out Dave Ramsey.

    Now… gotta find a rooftop tent for that Southwest family camping trip later this year. Any suggestions on overlanding tents?

    A57A6C02-045C-4F1C-A4CC-38F85B4ADD8D.jpg
     
    Last edited by a moderator: May 11, 2021
  2. May 9, 2021 at 6:01 AM
    #2
    Damie Street

    Damie Street New Member

    Joined:
    Feb 9, 2020
    Member:
    #42378
    Messages:
    962
    Gender:
    Male
    First Name:
    Edsel
    South Carolina
    Vehicle:
    2016 MGM CrewMax SR5 TRD OffRoad
    Snowball effect, ay?
     
  3. May 9, 2021 at 6:07 AM
    #3
    CincYOTA

    CincYOTA New Number

    Joined:
    Feb 19, 2020
    Member:
    #42856
    Messages:
    114
    Gender:
    Male
    Vehicle:
    2012 Tundra SR5 DC 5.7 4x4
    Good for you. Discipline is freedom.
     
  4. May 9, 2021 at 6:12 AM
    #4
    slowpokepete

    slowpokepete New No More

    Joined:
    Jan 21, 2021
    Member:
    #57920
    Messages:
    584
    Gender:
    Male
    First Name:
    Peter
    Hillsdale, NY
    Vehicle:
    2007 Blue Tundra DC 4x4 SR5
    Awesome.

    That's a lot 'o money.

    SPP
     
  5. May 9, 2021 at 6:12 AM
    #5
    AK 6.7PSD Replacement

    AK 6.7PSD Replacement [OP] New Member

    Joined:
    Dec 22, 2017
    Member:
    #11686
    Messages:
    202
    Gender:
    Male
    IL, MO, KS, DE, IL, AK, SC...
    Vehicle:
    2018 SR5 DoubleCab 4x4
    Snowball and hunkering down. Finally got fed up with being fed up and want to build a legacy for my kids.
     
  6. May 9, 2021 at 6:14 AM
    #6
    AK 6.7PSD Replacement

    AK 6.7PSD Replacement [OP] New Member

    Joined:
    Dec 22, 2017
    Member:
    #11686
    Messages:
    202
    Gender:
    Male
    IL, MO, KS, DE, IL, AK, SC...
    Vehicle:
    2018 SR5 DoubleCab 4x4
    a lot of missed opportunity, too, because “my” money wasn’t mine, it was the bank’s. Better to wise up late than never at all, I suppose.
     
  7. May 9, 2021 at 6:42 AM
    #7
    wsutundra

    wsutundra 2021 Smoked Mesquite 1794

    Joined:
    Mar 30, 2021
    Member:
    #61151
    Messages:
    119
    PNW
    This is awesome. I listen to DR and I wish a lot more people did too. Too much debt out there. Congrats!
     
  8. May 9, 2021 at 7:29 AM
    #8
    BravoDeltaRomeo

    BravoDeltaRomeo Old Man Little Blue Finger

    Joined:
    Sep 3, 2019
    Member:
    #35569
    Messages:
    3,676
    Gender:
    Male
    First Name:
    Bruce
    MB Canada
    Vehicle:
    2019 Cavalry Blue Tundra CM
    Congratulations....it's a great feeling!

    I don't know who Dave Ramsay and don't need to even need to look him up. I see him mentioned here a lot with regards to debt. If he can get people to be wise with they money great.

    It really is quite simple though.....stop overspending and pay off CC's monthly. You'll be debt free or even better you'll never get into debt in the first place. That and I also tithe 10%+ (always have and always will).
     
  9. May 9, 2021 at 7:38 AM
    #9
    AK 6.7PSD Replacement

    AK 6.7PSD Replacement [OP] New Member

    Joined:
    Dec 22, 2017
    Member:
    #11686
    Messages:
    202
    Gender:
    Male
    IL, MO, KS, DE, IL, AK, SC...
    Vehicle:
    2018 SR5 DoubleCab 4x4
    yep, the first budget item is tithe—God doesn’t need my money, but I need to have correct priorities and need to know/experience regularly from Whom all good things come.
     
  10. May 9, 2021 at 7:40 AM
    #10
    baby-shark

    baby-shark Propaniac and Certified Tundra Enthusiast

    Joined:
    May 4, 2021
    Member:
    #62631
    Messages:
    163
    Gender:
    Male
    First Name:
    Kevin
    VA
    Vehicle:
    2021 Wind Chill Pearl Limited CrewMax
    Rear Sway Bar, Retrax Pro, TRD wheels and Cooper Tires, TRD shift knob!!!
    Why did I read this quote in Dave’s voice? :) good work!
     
  11. May 9, 2021 at 7:47 AM
    #11
    T-Rex266

    T-Rex266 Elon approved Staff Member

    Joined:
    Jan 5, 2014
    Member:
    #6
    Messages:
    155,855
    Gender:
    Male
    Was there any one book of his you preferred over the others?
     
  12. May 9, 2021 at 8:10 AM
    #12
    Wallygator

    Wallygator Well Zippedy Da Do!

    Joined:
    Apr 7, 2020
    Member:
    #44761
    Messages:
    2,539
    I have been debt free several times but then I start frequenting the forums again and guess what, more debt. This forum has been specifically hard and heavy on my credit card. I have no regrets but now can't wait to be debt free again so I can turn around and buy some suspension and sliders. :p:D
     
  13. May 9, 2021 at 8:38 AM
    #13
    TheBeast

    TheBeast The Beach

    Joined:
    Apr 27, 2016
    Member:
    #3246
    Messages:
    12,518
    Gender:
    Male
    SoCal
    Vehicle:
    2012
    I like the Ikamper type tents for the bed. Semi rigid so doesn't flop in the wind
    If ground tent, the Gazelle are nice.
     
  14. May 9, 2021 at 8:45 AM
    #14
    Green Thunder

    Green Thunder Smooth in the Cruise

    Joined:
    Oct 22, 2019
    Member:
    #37701
    Messages:
    7,156
    Washington
    Vehicle:
    2020 Burnt Green TRD Pro
    Food crumbs and dog fur
    Great job. It does feel great to cross that threshold.

    And thanks for the reminder, I need to send in a check for my church’s annual recommitment.
     
  15. May 9, 2021 at 9:05 AM
    #15
    BravoDeltaRomeo

    BravoDeltaRomeo Old Man Little Blue Finger

    Joined:
    Sep 3, 2019
    Member:
    #35569
    Messages:
    3,676
    Gender:
    Male
    First Name:
    Bruce
    MB Canada
    Vehicle:
    2019 Cavalry Blue Tundra CM
    I get Costco MasterCard rewards for ours! Pre-authorized on my cc. :thumbsup:
     
    Green Thunder[QUOTED] likes this.
  16. May 9, 2021 at 10:23 AM
    #16
    AK 6.7PSD Replacement

    AK 6.7PSD Replacement [OP] New Member

    Joined:
    Dec 22, 2017
    Member:
    #11686
    Messages:
    202
    Gender:
    Male
    IL, MO, KS, DE, IL, AK, SC...
    Vehicle:
    2018 SR5 DoubleCab 4x4
    nope—just the principles and the goal. I do remember his comment on folks arguing that they should pay off the highest rate debt first because it was smarter to eliminate the greatest negative return and then whittle down to the lowest interest rate; his comment was, “If you’re so smart financially, how’d you wind up in this mess?”

    Snowball works.

    Other methods work.

    Important part: be a slave to no lender.
     
    CorsoTundra, aperezsh, Booney and 4 others like this.
  17. May 9, 2021 at 11:38 AM
    #17
    batman900

    batman900 Yep

    Joined:
    Jun 28, 2020
    Member:
    #48593
    Messages:
    654
    Vehicle:
    24-RAM 2500, 05-Tundra, 11-Accord
    Congrats! As soon as mine hits the mid-lower teens I plan to pay it off also, same with the wife's 4Runner. Our vehicles are our only debt and I consider that debt as an enjoyment expense from our expendable income, the same as someone's budget for going out to eat or vacation. That's how I've (personally) always looked at vehicles that I didn't "need" but wanted. Everyone needs a vehicle, some people need a truck, not everyone needs a brand new 40-50k vehicle or truck. All just IMO to toss in with the rest. We learn as we age, being young with a great credit score is how I made most of the mistakes I learned from.
     
    GODZILLA and Tundrastruck91 like this.
  18. May 9, 2021 at 11:43 AM
    #18
    TRDFerguson

    TRDFerguson SSEM #99/RGBA #8-ish?/It’s a funny name.

    Joined:
    Oct 18, 2018
    Member:
    #20730
    Messages:
    9,115
    Gender:
    Male
    First Name:
    Jake
    Southeast Greater Basin, AZ
    Vehicle:
    2018 MGM CrüeMax
    This is a good resource that follows the debt snowball and debt avalanche concepts. Plug in your debts, interest rate, and min monthly payment and it’ll show you which to attack each month and give you a light at the end. We’re going the debt avalanche route.

    https://unbury.me/
     
  19. May 9, 2021 at 12:39 PM
    #19
    Damie Street

    Damie Street New Member

    Joined:
    Feb 9, 2020
    Member:
    #42378
    Messages:
    962
    Gender:
    Male
    First Name:
    Edsel
    South Carolina
    Vehicle:
    2016 MGM CrewMax SR5 TRD OffRoad
    I've been slowly chipping away at my debt over the past 3 year. But I did have to buy a new vehicle (i.e. the Tundra) a year ago. But it will be paid off some time this year. And I will be completely debt free plus some money in the bank. And then going to purchase some land and build a house so going to be going back in debt. Its a vicious cycle :facepalm:
     
  20. May 9, 2021 at 2:02 PM
    #20
    WILLINH

    WILLINH New Member

    Joined:
    Jul 16, 2019
    Member:
    #33280
    Messages:
    3,032
    Gender:
    Male
    First Name:
    BILL
    NEW HAMPTON, NH
    2019 TUNDRA
    Congratulations!!
     
  21. May 9, 2021 at 2:09 PM
    #21
    Taco-Spike

    Taco-Spike Gateway from Tacoma World ~ ended up here

    Joined:
    Apr 25, 2021
    Member:
    #62293
    Messages:
    4,666
    Gender:
    Male
    512
    Vehicle:
    16 Tacoma TRD Sport DCSB / 17 Tundra 5.7L 4X4 CM
    Two Trucks
  22. May 9, 2021 at 2:21 PM
    #22
    jeremyd

    jeremyd 2014 Crewmax SR5

    Joined:
    May 9, 2016
    Member:
    #3336
    Messages:
    1,470
    NV
    Vehicle:
    2014 SR5 CM 4X4
    ProComp 7" 35/12.50/18 -11
    Congrats!!! No better feeling. My method was to live like I was poor.. I retired at 51.
     
    Booney, georgiey22, GODZILLA and 5 others like this.
  23. May 9, 2021 at 3:30 PM
    #23
    1/68AR Ventre A Terra

    1/68AR Ventre A Terra New Member

    Joined:
    Apr 26, 2021
    Member:
    #62337
    Messages:
    42
    Gender:
    Male
    Vehicle:
    2019 Platinum
    Viking Heaven Cat Shields and SR5 Rims
    My retired friend says it’s easier to spend less then make more. Old guys!
     
  24. May 9, 2021 at 3:56 PM
    #24
    Damie Street

    Damie Street New Member

    Joined:
    Feb 9, 2020
    Member:
    #42378
    Messages:
    962
    Gender:
    Male
    First Name:
    Edsel
    South Carolina
    Vehicle:
    2016 MGM CrewMax SR5 TRD OffRoad
    My goal is 55.
     
  25. May 9, 2021 at 5:01 PM
    #25
    BassBlaster

    BassBlaster New Member

    Joined:
    May 26, 2020
    Member:
    #47108
    Messages:
    83
    Gender:
    Male
    First Name:
    Jay
    Vehicle:
    2016 silver 1794
    Bilsteins front and rear
    Beautiful brother congrats! I used to co-lead FPU at my local church. Changed lives, including my family's. Keep tithing! So important
     
  26. May 9, 2021 at 5:24 PM
    #26
    RusPro21

    RusPro21 Pro is gone! But I’m still here.

    Joined:
    Feb 16, 2021
    Member:
    #59216
    Messages:
    1,631
    Gender:
    Male
    First Name:
    Don
    Pa.
    2021 Pro!! Nitto’s Tyger blades, Arc audio!
    Good for you!! It’s a great feeling when your vehicle is paid for.
     
  27. May 9, 2021 at 5:30 PM
    #27
    georgiey22

    georgiey22 Moving to Idaho

    Joined:
    Nov 30, 2018
    Member:
    #22423
    Messages:
    857
    Gender:
    Male
    Vehicle:
    2019 Tundra | TRD Sport | Cavalry Blue | Crew Max
    Encouraging. In 2011 we joined the debt free party and haven’t looked back. Cash for everything, vacation 3-4 times a year, buy what we want, save 15% and give. So good.
     
  28. May 9, 2021 at 5:33 PM
    #28
    EglSctAndy

    EglSctAndy MGM Crüe

    Joined:
    May 19, 2019
    Member:
    #30724
    Messages:
    182
    Gender:
    Male
    First Name:
    Andrew
    Arizona
    Vehicle:
    2019 MGM Crewmax TRD Sport
    Icon Stage 5 17” Icon Rebound Wheels TOYO Open Country A/T 35 12.5 RCI Heavy Duty Side Step Weathertech Mats 4” Stubby Antenna Fyre Flys Interior LED Lights Plastic Dipped Badges Decked tool box Baja Designs Squadron Sport fog lights
    WooHoo...congratulations!!!
     
  29. May 9, 2021 at 5:38 PM
    #29
    GODZILLA

    GODZILLA Hail to the King, Baby.

    Joined:
    Sep 2, 2019
    Member:
    #35514
    Messages:
    27,077
    Gender:
    Male
    First Name:
    Adam
    Wyoming
    Vehicle:
    2023 Solar Octane TRD Pro TACOMA, 2022 Honda CB500X
    Trying not to mod it
    Very cool! Well done sticking to the plan and getting it done! I've gone debt free a couple times, and it's always refreshing. I think I'm finally old enough and have enough brain cells to push out of debt quickly this time, and stay that way until a home is in the works. I don't think I really want to have payments for vehicles again... That's why I bought a Tundra. It should outlive me! :rofl:




    Dude! That's awesome. Just being able to visualize it, and see a light at the end of the tunnel can be such a huge help for people. :thumbsup:
     
    Damie Street likes this.
  30. May 9, 2021 at 6:22 PM
    #30
    Bakershack

    Bakershack Critical of Noncritical Thinkers

    Joined:
    May 20, 2020
    Member:
    #46846
    Messages:
    4,960
    Gender:
    Male
    First Name:
    Kelly
    Spanish Fort, AL
    Vehicle:
    2020 SSM 1794 4x4
    Congrats! Best mod EVER!
     

Products Discussed in

To Top