Motorcycle Sold!

By Ryan Healy | May 15, 2008

If you’ve been following my personal effort to pay off my debt, then you know my motorcycle has been a big struggle for me. I hated to sell it. But I realized it was something I needed to do.

So on April 23, I listed it for sale on Craig’s List. I spent five minutes and created a simple ad. Here is what it looked like:

My Motorcycle Ad

The first person who contacted me about the motorcycle scheduled a time to see it on May 2. He bought it the same day. Went to his bank and overnighted a certified check to BMW Financial Services.

I had a hunch God wanted me to sell my motorcycle. Okay, more than a hunch. He’d been telling me to sell it all winter long. So by listing it for sale, I fulfilled my obligation to obey His voice. At that point, it was up to Him to provide the buyer.

And provide He did!

Within 10 days, to be exact… and in a bad economy.

So my debt load is substantially lower now, and that’s a great feeling. I’ll post my updated debt numbers tomorrow. (I haven’t posted an update since February.)

Popularity: 3% [?]

Want more quality articles about debt reduction and living debt-free? Then make sure you join my email list or subscribe to my RSS feed!

Topics: Case Studies, Debt Reduction |

5 Responses to “Motorcycle Sold!”


  1. Ben Says:
    May 15th, 2008 at 8:44 am

    Awesome, Man! Congratulations on the sale. I’ll be curious to see what your debt numbers are tomorrow. Keep up the good work.

  2. Susan Says:
    May 16th, 2008 at 3:32 am

    congrats on that. I myself should be down to one credit card debt next week. I’ve been working my butt off - every extra job available and my mom from heavan sent me 1400 in unclaimed funds found.

  3. Outstanding Debt as of May 2008 | Debt Reduction Formula Says:
    May 16th, 2008 at 5:14 am

    […] I haven’t posted an update in a long time, partially because of all the things I’ve been doing to reduce my debt. For instance, during the last three months, I’ve gotten a Prosper loan and sold my motorcycle. […]

  4. Ryan Healy Says:
    May 16th, 2008 at 5:16 am

    Ben - Thanks! The updated numbers are now posted.

    Susan - Thank you. That’s great you’re making so much progress. Don’t you just love “found money?”

  5. My 5-Step System for Paying Off Debt | Debt Reduction Formula Says:
    June 30th, 2008 at 11:17 am

    […] I sold my motorcycle (even though I didn’t want to). And we even sold our house and got a rental near our parents. […]

Comments

« Articles Worth Reading | Home | Outstanding Debt as of May 2008 »