I'm working on reducing my debt, too. I'm heavily invested in investment Real Estate. Got lots of debt. But, I'm beginning to flip some of the properties for big profits, and using the proceeds to pay off the debt on other properties. (Highest interest rates first, of course.)
I'm still on a little margin, but working it off, so to speak, by selling puts to generate cash. Actually, I created the margin balance by buying a house. So, rather than buy more stock with margin, I bought a house on margin!
It's rental property. Advertized it for rent when the first tenant decided not to renew their lease, and a prospective tenant wanted to buy it, lease option. I took an application, figured out they'd qualify for a loan, and I'm selling it to them for a more than 100% profit in a year!
Meanwhile, back at the ranch, selling puts on NTAP, paying off the margin.
By the way, I've bought houses on credit cards, too! Then I get offers to 'transfer' credit card balances to new cards at 2.9% interest. What a country!
Best,
Adairm |
