I have absolutely no idea what my reaction should be right now – I mean, I’m thrilled that I’ve DESTROYED my credit card debt – which was in the $40,000 range just a few short years ago. But I’m not out of debt debt just yet (rhyme not intended), as I have just graduated from my MBA program and have a ton of student loan debt coming my way.

Let’s be honest though, if you’re going to have any type of debt – student loan debt isn’t a bad one to have. First, I have the degree. Second, it’s a very low interest rate – which will allow me to throw as much extra money as possible towards the principal.

As soon as I have all details for the new student debt – yes, I’m still paying off my undergrad debt as well – I’ll add it to the tally and we’ll start chopping that down as well.

For now though, I’ve got a lot going on which will definitely change my situation (updates to come) and I need to start determining what my priorities/goals are regarding wealth creation (e.g. house, stocks, retirement accounts, etc.).

I’ve been a prisoner of my credit card debt for WAY to long to just sit back and not make up for lost time.