Delicious Celebration!

After 4 months of working at it, this morning the remaining $542 was paid off of my Chase credit card. I have been aggressively paying it off since January 8th, when the starting balance was $3661.54. The only way I can describe meeting these goals is delicious. A moment to revel. Now that's done, I have 3 credit cards left (all at 0%) to pay off. The next one to pay off is an easy-breezy GM card which has a balance of $405.50. That will be paid off May 2nd.


Next? I mentioned yesterday that I would write about saving for my Roth, but not contributing for 2007. As of April 11, 2008 I had the 4K limit saved up. However, when Paul was working on law school finances, he spoke with a real estate investor/financial adviser on planning for law school. He brought up the idea that the 4K we could put away now in a Roth would be more beneficial put into real estate. I thought about this long and hard, and while I do not think it is the right decision every time, it seems to be the right one for us, this time around.

Yesterday was the spouse dinner for those who with the accepted students. I went and there was 1 couple who bought a condo -- everyone else rented. We are set on buying (great time, great area to invest in terms of always having renters with high rents) but need to dig more to see if it would be a condo we would buy or a multi-fam.

The other issue is proximity to the school. The closer we are to the school, the better the rents, but also the higher the sticker price.

Paul and I have been working with Rich Dad Coaching. We have a coach named Barbara who is very sweet and very knowledgeable. Paul and I always talk about how the information receiving from the coaching is good, but it is being held accountable each week in your 30 minute phone call with your coach that keeps us motivated and moving forward.

We spoke with Barbara yesterday, but had not completed our assignments, due to a death in the family. She was very understanding but I think that understanding inspired us more to get our stuff together and do this. Paul is leaving his job to have some time off before law school on April 25th. Luckily, my job is both close to home and flexible, so I am looking forward to spending more and more time on this project.

Happy Weekend!