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Author: Pirate36 Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308882  
Subject: OUT OF DEBT Date: 3/13/2000 11:54 PM
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I began investing 2 years ago in Mutual Funds (dollar cost averaging) and stocks. I began BEFORE PAYING off credit card debt which was around 49,000.00.

Yes 49,000.00. I should have paid off the debt first but was not in tune to doing that. ( I learned about debt payoff after the fact) I have though NOW invested my way out of debt. I sold large portions of my Mutual funds and selectively sold stocks last week and paid off all bills. NOW I AM COMPLETELY debt free. I kept minimums on my funds and will to dollar cost average.

Investing your way out of debt is risky but it paid off in my case. I am celebrating my DEBT PAYOFF by investing monthly now in CSCO, ORCL, PFE, C and DIS.
The money my credit card companies USED to get is now GOING to WORK for ME for a change. It is ironic that I am investing in Citigroup since they are one of the companies that I paid off. Good luck in all your financial endeavors. GET OUT OF DEBT.

Joe
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