Why We Chose a Mortgage Free Life [w/ Leslie and Mike Hermanson]
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- Опубліковано 30 чер 2024
- How would you like to own your home outright? What would it feel like to never make a mortgage payment EVER again … ?
On our Mortgage Free Segment today, we’re going to interview Mike & Leslie Hermanson from Louisville, KY.
They recently paid off their mortgage and they accomplished this feat, not in their 60’s, but in their 30’s!
We’re going to find out how they did it and why they chose a mortgage-free life to begin with.
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CHAPTERS
0:00 Intro
0:50 What was your starting principal balance?
1:11 How long did it take to pay off?
1:21 What was the property value today?
1:47 Why did you want to be mortgage free?
2:20 What was your motivation for becoming mortgage free?
3:03 Where there any moments you doubted the process?
4:12 What steps did you take to payoff the mortgage early?
5:55 What has this lifestyle given you?
6:15 What are you investing in now?
7:00 What small businesses have you started?
7:45 How much money did you make while paying off your mortgage?
8:23 How did you celebrate?
9:10 What happens with your extra income now?
10:50 Could you make more in the stock market vs. paying your mortgage early?
12:05 What is one small step someone could take towards becoming mortgage free?
13:00 Social Media Handles
14:05 Outro
#MortgageFree #DebtFreeCommunity #PaidOffHouse #DebtFree #PersonalFinance
OTHER VIDEOS TO WATCH
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How We Paid Off Our Mortgage in 5 Years - • How We Paid Off Our Mo...
How to Get Your House Paid Off by 40 - • How to Get Your House ...
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What would a mortgage-free life look like for you?
It would be like a 50% pay increase
@@janebaker4912 YES! That is a great way to look at it.
Very good interview! I love watching these mortgage free videos😁.
Thank you!! I love their rental property plan too!
I really want to hear more about what it feels like to have no mortgage
I have dozens of real life mortgage free families on my channel 👍
Great video & interview! It's such a blessing to be mortgage free
Couldn’t agree more!
It's nice to actually see the other people doing what we do! Especially the end result I need motivation tight now because with inflation and the math of investing in definitely feeling like it wouldn't hurt to shirt another 100-200/month to investing lol so torn. But the benefits FOR US of lowering our monthly cost of living SOONER is the motive. Then we can possibly retire or move to a part-time small business and travel before were old
Inflation “worries” are short term and a lot of people are using this as an excuse or reasoning to drown themselves in debt. Paying off the mortgage goes beyond the math. I’ve never heard anyone who actually paid off their mortgage complain about it. This was a great interview
Our motivation was similar to yours. We paid it off so we could enjoy more life today with a lower cost of living.
I’m enjoying my 20-25 hour work week now. Wouldn’t have been possible without paying off our mortgage.
@@MarriageKidsandMoney exactly what keeps up going! We just don't make the type of money where it's that beneficial to wait it out to retirement age to reap the benefits. The mortgage is too high a percentage of our income I'd rather it just be gone! Glad you guys understand, I've made a similar comment on IG and got chewed out lol
Ah I really enjoyed this right up until they said they were getting another mortgage. If you thought paying it off the first time was important then why would you go back in
Getting into rental properties is tough with all cash. I hope this plan helps them to rinse and repeat their mortgage free plan… eventually they’ll be free and clear with 5 or 6 properties
I guess they like debt . Dave Ramsey would say if you don’t like being debt free take out another loan
They have plenty of time now to start putting money in stocks. Now they're not paying interest on a house.
Absolutely! And a lot more of it