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Congrats! I can tell that goal was very important to you, and you achieved it. With that said, paying off all debt may not be the most fiscally sound move to make for everyone. It's important to balance what you can make taking that cash and making it work for you vs the interest rate you're paying on all these various loans. Then there's also tax consequences with the interest paid on a mortgage.

Everyone's situation is different. For me, I refuse to carry a balance on credit cards. I have two, and they're paid in full each month. I have 3 vehicles, and 2 are paid off. I will never finance more than one vehicle at a time. On the 3rd vehicle I have 1.9% long term financing, so that was a no-brainer for me.

As far as the mortgage goes, paying it off has to give you great peace of mind, and I can see the appeal! But as I said earlier, I weigh that vs having money to max out my 401k, invest in a Roth, etc. So in my case I'm better off carrying the loan, plus I get the benefit of the tax deduction.

Finally, a word of advice for whatever it's worth. If reducing or eliminating debt is your goal, at the vey least refinance your ARM or 30 yr mortgage into a 15 yr mortgage. If you can't afford the payments on a 15 yr, you probably are buying too much house for your financial situation. With a 15 yr you will build equity in the home much faster. And it will only cost another $200 or so a month depending on the size of your mortgage.