We paid off our house! MORTGAGE FREE AT 40 YEARS OLD!
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- Опубліковано 29 лис 2022
- My name is Christine, also known as Frugal Fit Mom on UA-cam. This channel is going to focus more on personal finance and doing UA-cam as a job. Let me know what questions you have about those topics and I am planning on posting them here!
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My wife and I's monthly payment was $2415 month. We would pay an extra $500 a month towards the principal. We currently just refinanced to get a lower interest rate and to get off of PMI. Our new monthly payment is $2915 a month. We plan on still paying $3700 a month but are now going to do bi-monthly payments.
Try making the payments quarterly, in addition to adding, a payment each month and watch how fast the payments begin to drop on your amortization chart. I've got one more year after starting about a year ago. The timing of the payments is everything. This is the only thing that they all leave out when doing the videos.
Instead of extra payments, I suspect you would be better off putting the $782 per month into shares of Apple and Amazon. The video more or less describes how you can get out of being a debt slave When you have cash you have options. Smart people hold on to cash. They don't instantly shove it toward debt. Once it is used to pay on the debt, it is no longer accessible.
One part of this vid that I do like is the idea of not taking on a large debt in the first place. I think there should be a balance between the amount of debt you incur and the amount of cash you can invest. I would rather have a $1000 house payment and $1000 going into stocks than a $2000 house payment and no stocks. If you have cash and you’re confused I will suggest you contact a finance advisor
wow that’s stirring! Do you mind connecting me to your advisor please.
Sharon Ann Meny is the name , Just search the name. You’d find necessary details to work with to set up an appointment.
My coworker came to find me the other day to tell me she was leaving early to go make her last mortgage payment. I was the only one she could tell because she knew I retired my mortgage last year. I gave her a big high five. It's a secret club of smart, focused people who know the value of owning their home.
I paid up all my mortgages in 2yrs while working with a Financial Adviser. I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.
That is so amazing, I’m trying to get onto the investing ladder at 40. I wish at 55 I will be testifying to similar success..
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thanks for this. Found her and looked through her credentials before contacting her. Once again many thanks.
Just bought a house with almost no maintenance and paid off in 1 year ish time. F'ing love it! Im so tired of having a huge house that steals my money and time. Didnt resonate with me, so now its perfection.
Congratulations!!! My husband is the sole breadwinner. (I am a homeschool, stay-at-home mom.). We bought our house in August of 2017, and we just paid it off in March of 2022. We got a 20-year mortgage so our payments were about as high as we could stand. Anytime we got extra money, most or all of it got thrown on the mortgage. We did no spend months. We said no to ourselves a lot. While we were paying off our house we had two more children (our second born was 12 days old when we moved into our house.). So we have four kids, ages six and under, and my husband is 36, and I am 33. It’s such a wonderful feeling! Especially since inflation has gone absolutely crazy, it’s such a peace of mind to not worry about making monthly mortgage payments.
Thank you for donating plasma, plasma keeps me alive and it's people like you that I'm grateful for.😊
Congratulations! Yes we also bought our house in 2014 for $89,000 (Ohio 😃) and doubled up payments and paid off in 3 years! All praise to our great God!
Wow!!
Amazing!
We just paid off our house after 19 years on a 30 year mortgage. We are the "cheap" house in an extremely expensive neighborhood, I get the peace part of paying off the mortgage. I sleep really well every night now. Our only debt is a trailer in an RV park which we plan to use all summer long. We doubled our payment to pay that off early. That is how we vacation now.
Congrats! It’s a great feeling. I paid mine off on my forty-second and a half birthday during the pandemic. My goal was by 45.
Congratulations 🎉
Congratulations! We’re paying off our house at the end of 2023 after 11 years and so excited to be debt free!!
Congratulations 🎉 in advance!!
Im 32 and just paid my mortgage off.... I feel so free its surreal.
Got about 40K left and I can't wait to knock it out! So happy for you and your family! Way to go!
Amazing !! Your nearly there 🎉
Congratulations...once I was down to 47k I just pulled the trigger. I got impatient.. keep it up!
Congratulations! It is an amazing feeling!!!🎉🎉🎉 I live in a very desirable zip code in San Diego. We paid off our house in January 2022. I worked side hustles before it was even a thing! We refinanced a couple of times finally getting our interest rate down from 7.5% to 2.125%. We never pulled out money when refinancing. We buy used cars, we both wore uniforms at work. We travelled A LOT (I worked for a major airline and had a CC that earned hotel points). I was able to retire a decade earlier than expected. The freedom of NOT having a mortgage is unbelievable! No more 401k contributions 😢 however we still fully fund our Roth IRA’s 😊every year and we donate ❤ to a ton of causes that mean something to us! I got a fun VERY part time job at the San Diego Zoo, volunteer at the USO and still do a couple of fun side hustles. We don’t expect to pull any money from our retirement accounts until our 70’s and will start SS if is still available when we are eligible. It is crazy how much money you can save once you have no mortgage!!!
Congratulations 🎉
We were very fortunate that when we got married we each brought ourself a condo. After marriage we lived in one condo and rented out the second one. We then paid off both condos and brought a single family. We had then sold one condo. So we had 2 passive income rental properties We lived in that for 17 years (paid it off) also rented out that home and bought another single family home. Unfortunately we divorced after 25 years marriage and from the marriage settlement I got the fully paid off home which I’ve now used at stable passive income for 10 years. Have had same tenants for tens years. I’m now able to work part time as a registered nurse after 40 years only due to passive income from rental property. My primary residence does have a mortgage that I’m pre paying. Hard work does pay off. Congratulations.
We are working on paying off consumer debt and student loan debt. Once we get that paid off, we'll only have our mortgage left. If we stay on the schedule we've made, we should have our consumer debt paid off by Dec. 2024, and student loans paid off by Aug. 2025. We just keep chipping away at it, and throwing whatever extra we have toward one thing at a time. I wish we had started this journey sooner, but it's better late that never. Plus, we want to be able to contribute more to our daughter's college savings fund.
Wow! Congratulations! I am currently working on paying off my mortgage. $76, 913.00 to go!!!
Wife and I paid our home off two years years ago at age 38. No regrets. Could have made more in the market, sure but the piece of mind in this current economy has us and our kids sleeping good at night. We have zero debt and when or if we ever decide to sell, we get 100% equity.
Well done.
I love everything about this. We paid off our home 18 months ago and now we are working on paying off our rental property. I'm declaring 2023 the year of mortgage free on that home (always leaning on God's help and strength).
Incredible!!! Not just the first home but the second 😱👏🏼👏🏼👏🏼!! So inspiring! That’s a whole lot of discipline! Congratulations
Paid our home off years ago, and never regretted it for one moment. Congrats
Congratulations.....I paid my mortgage off last year; but on a single mom income....so not quite as fast. I had to quit my nursing job bc of end stage kidney failure (start in clinic dialysis) . I'm 57 and had paid in enough income taxes to get a reasonable SSDI check each month. Having paid down debts before I had to quit working was beneficial.
Again congratulations and thanks for the videos.
Congrats on the pay off! We owe $47k on the house and are fighting tooth and nail to get it knocked out by next year while I'm still 40 (It'll be eight years since we got the mortgage). We're nearby in Rigby. Then on to maxing out investments working towards FIRE!
47 and just recently debt free (still renting 😔) but working on an emergency fund and down payment for a home. Even at this stage, it feels so freeing to know that all my money other than rent is mine and I don't owe anyone else. Congrats on paying your home off!!
You can do it!!
Jill well done keep going and dont give up
I paid for my first home outright when I was 44. Never had a mortgage, never will.
Saved since I was 16 years old so if you don't have property it does take dedication (like everything in life) and a sincere effort scrimping (no cable and not many extras for decades + side jobs).
Now I’m 35 and own four houses paid in full so three rentals and one I live in basically able to retire but still work when I want
Congratulations!
We are debt free and mortgage free also.
The freedom this gives you is amazing. I quit working at 51. My husband is retiring Dec 22. So we will be officially retired at 52 and 55 years old.
Wow, this is great!
In my country it is not possible to retire so early. But we are debt and mortgage free.
We are working to pay off our house as well. I cannot wait.
69 yo single grandma debt free in 2018, the month I retired, and mortgage free March of this year. Best feeling ever. So easy to live on Social Security. Have not used any retirement money.
I bought my house 10 years ago as a single mom of 3 girls. And yes, it was a very different housing market then! I am a teacher, so I do not have an extravagant income. I now have $54,000 left to pay on the house. I am no longer single. I am married to another teacher who has helped me remodel the house. (We have finished the basement and remodeled a bathroom and the kitchen.) We are planning on adding a bathroom to the basement soon. Our ultimate goal is to buy a lake house as a second home. I have to keep reminding myself to be patient and keep my eye on the prize. Thanks for this video. It has helped me to refocus.
Congratulations.
Working on an emergency fund. We are almost there. Should be done in 2 to 3 months.
I like your KHS road bike! are you a cyclist? I paid off my house mortgage after 19 years. I know the feeling, yes it's a piece of mind that you own your own property free and clear. Good job!
As a resident of the Midwest (AKA flyover country), I was able to buy a home as a single professional. I had a goal to buy a house before I turned 35 and I made it with 3 months to spare. My first mortgage was an FHA at 8% interest for 30 years in the mid-90s. That's the way it was then. Four and 1/2 years in I refinanced down to a 15-year mortgage at 6% interest. At the time again it was a great rate. Flash forward and I made it a goal to save more aggressively for retirement rather than pay down my mortgage. At the age of 52, I had a massive stroke after having been laid off for my job of 35 years 10 months earlier. I was scheduled to have major back surgery which is why I hadn't gone back to work yet and needless to say that went to the wayside while I spent 4 months in the hospital and at rehab centers learning how to function again. Fortunately I was able to return back to my home and about 15 months after my stroke, my house was paid off. My parents owned homes over the years but never stayed in one long enough to pay it off so in their older years they were serial renters. I hated the thought of always having to be paying a rent payment. Now because of my disability income every month, I'm able to get by and I have not had to touch my retirement savings yet, although I'm eligible to because I am classified as disabled. I found a great financial planner and rolled over my 401k after I was laid off and he has done very well with my investments for me so I'm trying to let it sit there as long as possible to grow. Having the security of knowing I will always have a roof over my head is something that money can't buy. I'm fine with the fact that my car is a 2008 with 49,000 miles on it and sits in the garage the majority of the time. I don't need to have a new vehicle every three or four years like my brother does. He is in his mid-60s and I believe just took out a mortgage on a house not too long ago so I'm not wanting to have a mortgage when I'm 80 so I'm happy to stay in my comfortable little house that is tripled in value almost in the 26 years I found it and as long as I can take care of myself I'm perfectly happy and content. I've learned that things are not that important. I would give anything to be able to have my mobility back but I am far better off than many people in my situation. My medical expenses are significant but I think they will actually decrease once I'm able to take advantage of full Medicare benefits in another five years. My supplemental insurance and my prescription drugs cost me a fortune every month and are frankly like having a mortgage so I am particularly grateful that I don't have to worry about rent or mortgage payment. I think it's great you were able to do this at such a young age, Christine. Most people are so wrapped up in keeping up with the Joneses that they get on the little running wheel just never seem to catch up. With Dave working for a university, do your kids get any type of benefit as a result of his employment? I had a friend who worked for a local private university and she said if she had had children they could attend college there for free so I'm just wondering if your kids get any type of benefit like that or is he at a public institution where that type of benefit is not allowed to employees children?
Congrats!!!!! Now you can have a mortgage burning….however here is some advice, make copies of mortgage papers and burn only a copy. Keep original and a couple of copies in a safe spot, just in case a situation comes up when the original papers are needed.
34 more payments and I'm done with the mortgage - totally debt free.
We have been mortgage free for a couple years and it’s so nice! Right now, we’re building a new house and have paid cash for it all so far. So freeing!
when the pandemic started, I owned 9000$ on my credit line . I paid it off in a year and half, because I reduised the activities/ restaurant/ shoping to a minimum. Now, for the first time in my life, I have a few thousand dollard in saving and I still live frugal. I dont what to go back to the stress of owning money. My daughter and I are confortable with what we have, we choose quality time together instead of multiple activities.
We paid off our mortgage in 7 years…..Here’s what I learned! Putting everything toward a loan exposed us to not being prepared for an emergency. Have an emergency fund before putting all of your money into your home or whatever. I always thought that if something went wrong, I could go to the bank and get a loan. Not true! No job, no loan.
Also, when you have a lot of equity, your home will be one of the first to go for foreclosure. The bank can make money on your home, so emergency fund is a must. I am assuming the worst, loss of job and cant’ pay mortgage which is leading into foreclosure. EMERGENCY FUND A MUST!
Congratulations!!! I’m 32 year old single mom and have right at 50k left not terrible but still gonna take me some time, chipping away little at a time tho!
New viewer We paid off our house in April this year. We are in our late 50's We took 18 years to pay off so longer than you but it feels great knowing we have 2 paid for cars in the garage and no debts. Not having a house payment makes money go so much further. We took all the government Covid checks and we also did Uber Eats and Door Dash 4 to 5 nights a week after work for the extra money Still do that to rebuild the savings for retirement, We our on a written budget that helped a lot. It is so nice having money in savings and no debts if one of us loses a job we do not have too worry
We are working hard to pay off our house next spring! Some time ago, I began a minimalist lifestyle, so I greatly reduced what I bought. That extra money went to paying off debts. Now we just have the mortgage left. I cannot wait until we are debt free! The economy is so unstable now. The job situation is unpredictable -- my husband came so close to losing his federal job last year because we will not take a certain injection. Everything costs so much more now. We are striving to pay off our home so we will have that extra money to help us in the future when my husband retires. I would encourage everyone to scrimp all you can to put extra money toward getting debt free. I am almost there, and it is already a great weight off my shoulders!
We paid off our house in just under 3 years. If is so freeing. I recommend paying off debts to everyone!
We budgeting to buy a hot tub for our house instead of taking a vacation for 2 years. It has been completed worth it and during the pandemic it made stayed home and not taking a vacation easier. We just take our little mini-vacations to the backyard and hot tub. My husband built a small structure around it to shelter us from the wind, very affordable when you do it yourself. He also fixes anything that goes wrong with it. The plumbing is fairly simple. Excellent investment, especially for recovering from and injury.
God is sooo so sooo so good! Blessings to you and your family!
Congrats Christine! I wish I had a house. I still live in an apartment with a lot of debt from my divorce. I'm well over 40 so I doubt I will be able to afford a house at 50 or even 60. Many days I think about how much cheaper it would be for me to live in my car so I can pay off debt. The peace of mind you have is priceless. I wish I had that.
I purchased a house in Austin in 2018 with my son. He paid his half 2 years ago. I plan to finish my mortgage in 3 years. Last year I've been putting a few hundred dollars toward the principal every month. Plan to continue more aggressively in 2023 while I'm working.
We paid our house off in February this year. What a freedom it gives us. Congrats!
We paid ours off in Sept off this year. It feels so liberating
Inspiring! I, unfortunately, live in a place where many ppl want to live... my target is to finish mortgage in 16~18 years. Done my calculation and I can achieve that as long as I throw all my average YE bonus into the mortgage without increasing my lifestyle. Gotta convince my wife to do so😂
I’m almost 36 and just built my first home. I’ve been living in it for 3 months (after a 27 month build time) and have been able to refinance to a lower rate now construction is done. I want to pay it off in 17 years. I’m doing this on my own but I’m hoping I can still achieve that.
I paid off my house this year too!! What a wonderful feeling!! Congratulations to you & your family on a job well done!
Single and mortgage and debt free at 27 owning my own place with parttime job. Just worked hard all my life. Nothing's been given.
Woohoo!!! Congrats! I spent 2021 healing my mental and physical health. I spent 2022 paying off debt which included my car. 2023 fingers crossed I’ll start chipping away at my mortgage. Target might send a search team after a week. But, it’ll be worth it. 😁
I paid mine off on Friday, 14 years and 1 month on a 30 year. Could have done it a year ago but was a little cautious towards the end. Great feeling. No noticeable sacrifice to be honest. I can cook etc and other than that no problems once I decided I didn’t want debt. Anyone reading this that has the goal. You’ll be fine if you try it.
I’m 40, wife is 36. We’re 6 months away from paying off our mortgage!
I loved this video.
Could you do a video about what you buy your kids for Christmas?
Woot woot!!! Way to pay off your house!!! I bet it feels amazing 👍
We paid off our home back when we were in our late thirties. So freeing to be debt free!! We also just replace every window in our house see and paid cash to do it. This on the home we built 22 years ago and paid off in 10 years.
Stranger: Where are you from?
Me: Iowa
S: Oh, where potatoes are grown.
Me: No, that's Idaho. We grow corn, soy beans, cattle and hogs. 😆
We’ll pay off our home this year at 40yrs old.
Congrats! We paid off ours at the beginning of this year. It's such a nice feeling. Just in time for having 2 teenage drivers and dental work. 🤣
Congratulations I'm over 40 and recently paid mine off also. Such a great feeling. It was my goal.
Congratulations, friend!! We are working to sell our current house, then we're taking that money plus all the money we have in savings, and we're hoping to buy or build a home in the upcoming few years. THEN, we're tackling that mortgage!! lol!
Sitting here mortgage and debt free at 31 and 32! 🏡
We paid off our home in 7 years with 5% down. Lived on one salary (which we continue to do.) Christine, I think people would benefit from learning about annuities. Makes a huge difference in retirement....and my husband retired 7 years early. We are very blessed. AND you are right, donating makes us feel good...very good.
Congrats!!!!
A year ago I refinanced to a 15 year (it was the same interest rate as the 10-year and made my budget okay rather than stressful) at less than 3%. I am paying a little more than minimum. When I refinanced, I was already two plus years ahead of my 30 year mortgage. When I get my consumer debt paid off, I hope to get the house paid off quickly. So not the age 40 like you, but hopefully by 55! (I put a lot into retirement right now, so it takes away from my disposable income, but it’s important to me).
That is awesome you payed off your house. Balloons 🎈 🎈 🎈
We got out of debt at the beginning of 2021, started building our emergency fund and then boom, fence replacement, car wreck, therapy, hospital. We now have 10k debt again and I have not been able to find a job the is entire year. Only had 3 interviews. It’s not great. I have to find a job.
I am very happy for y’all!
We paid off our house then helped our daughter purchase a house because in this market, I'm not sure anyone younger can purchase on their own.
Congratulations! It’s a wonderful feeling to be completely debt free. We paid our farm off in 2001 at 32 & 33 years of age and two young boys’.
I took your advice and started a UA-cam Channel last week. I know nothing about editing or lighting or anything and it shows, but I am having fun.
That is how you buy a house, i bought my house in 1980 and was mortgage free in 1995, and the mortgage rate back then was 12 %.
Peace of mind! This is exactly what I’m going to manifest with working for it of course! I think that having that peace of mind is what being rich and wealthy is!
Congrats!!! So proud of y’all! We downsized in 2017 from a larger home to a condo a block from the beach. We paid off the mortgage in 4 years. Paid it off May 2021. What a blessing this has been! We also follow DR and are so blessed!
I picked up a second job and we cut back and just were gazelle intense because we wanted to knock it out fast.
The freedom of zero debt is amazing.
Congrats!!🎉🎉🎉
nice one, im nearly 40 and thinking about taking out my first mortgage
Congratulations!! How fabulously exciting! It must be peaceful! We farm, lol, so I'll never know the feeling, 😆 but I can live vicariously through you! Enjoy your new freedom!!
I wonder if Christine has a video on saving college $$ .... !?
Congratulations!!! You are awesome and contagious ❤️ 😍 ♥️
Congratulations!!! Welcome to the totally debt free club!. We paid off our mortgage (our last debt) March 3, 2020 then Covid hit and everything shut down. So grateful that I found Dave Ramsey back in 2004. We were as prepared as possible and didn’t have the worries. I’ve been following you since 2020 and truly appreciate all the valuable information you provide and the delicious recipes. Stay blessed
That’s so awesome. I found Dave Ramsey at 26 in 2016 and paid off all my debt in 5 months, saved $25,000 for a house down payment, got married, we together increased the down payment to $45,000 when we built in 2019 and today, we are 6.5 years paid off only 3 years into our mortgage! Very exciting! Trying to keep the momentum as we have children who need to go to daycare (so expensive)!
@@jill9606 here’s some encouragement for you to keep going and not stopping until u achieve your goal. Back in 2004 we had 2 small children and had our last in 2008. They are 23, 21 and 14. We have funded all 3 of there college funds fully. The oldest his now in Graduate school and the second is a junior in college. No student loans here. We have a 2 year emergency fund, retirement savings and our home is free and clear. We are 50 and 54 and looking to retire in 1 year (hubby) and 4 1/2 years. All I can say is with God all things are possible and that Dave’s plan truly works. Wishing you the best and continued blessings on your journey🤗
@@Nisa-gm5wg oh my gosh! That is amazing! What a legacy you are building for your family! Such hard work and consistently has paid off for you tremendously. Congratulations and thank you!
Congratulations!! Our goal is to pay our house off in the next 3 years
Just bought a house giving us 10 years to pay off. It cost us a lot but we moved to a quiet area with no crime. It was well worth this debt🤷🏾♀️
Yay! Congratulations!!!! This is a HUGE DEAL! I paid off my house as well I’m Dec 2019 and there’s no better feeling 🎉
Congratulations!! We paid off our mortgage this year too. We are a few years older than you.
It's such a milestone in life. I remember pulling in the driveway and looking around and being so grateful.
Once again, Congratulations!!!
Weird timing! I'm going to the bank this friday to pay mine off!
Congrats to you too!
Miles away from the finish line, but I will do it no matter what - I have a Christine Plan - made a spreadsheet and everything
Congratulations 🍾🎈🎉🎊
That is awesome! congrats!🥳 I brought a house this year and hoping to pay it off in 22years instead of 30.
Congrats! 🎉 I'm working on paying off credit card bills. I paid off my car last year ($5k) so now I'm focusing on the credit card debt. Total is about $9k
Congratulations! I know the feeling. At 38 y/o, 5 kids, homeschooling and all the stuff... we were able to pay off our house. To God be the glory for all He has done. And aa you have said... it's sooooo difficult to switch mentality and focus on new endeavours! God bless you and yours. Keep sharing!
Amen!! Good for you guys!!
So inspiring!
Congrats! It was awesome to hear your “debt free” scream!
Congrats! We are debt free and bought our house (first home) with under HALF of what I was approved for. We aren't going to pay off early but we are going to rent it out in 1.5 years when we move. Moving to a season rental area (Poconos PA) and buying land with a small (2 BR is fine by us) house and making a rental on one end of the property and at the far other building a tiny house for my mom to live. Goals. Goals.
You go girl!!! I just paid my first principal-only payment on my vacation home. You are inspiration for sure! The marathon is grueling and mostly boring, but the payoff is dynamite!
Ours was paid off at 30 (35 now) it’s a freeing feeling
I don't understand retiring early when you need health care. I still work part time at 64 to get my health insurance, which is about 150/ a month. I plan on retiring when I'm 65... and get Medicare.
I just wonder what early retirees are doing/ paying for their health insurance?
A big congratulations. We’re definitely on track to go the same. We will have a big celebration when it happens.
Christine that is how I retired at age 54. No debt. Owned 2 houses. Always paid cash for car every 7 to 10 years. Shop car and homeowners insurance every year. In Texas we can compare electric companies etc. You name it I have a coupon for it. When you turn 65 almost every utility has a discount from trash to water. Stores have Senior days!! Who knew. Restaurants have Sr Menus. Pappadeaux you can order from the lunch menu anytime. So glad you were able to take the kids. One of my favorite places. Shrimp and grits or secret menu. Remember??? Love all your frugal advice.
CONGRATULATIONS ! THAT IS WONDERFUL !
This Cowgirl can see the Joy in your face and in your voice,
We paid off our mortgage this year, too! It has been amazing. We keep saying we need to figure out what our next big goals are, but so far, we have mainly been taking care of that other kind of debt--we have avoided spending money on anything that wasn't necessary for so long that we have had a long list of things to buy. We've replaced most of our major household appliances in the last couple of years, as we saw the finish line approaching and after we finished. We still need to replace vehicles and some flooring. We are homeschoolers, and I am spending way more on curriculum and classes than I did before. We have gone to stores and relaxed our pricing standards so much. I have a vague idea that I'll try to get ourselves refocused after the new year, because we have definitely experienced some lifestyle creep that needs to be adjusted, but in the meantime, I love not thinking about the house payment.
Congrats on getting your house paid off!
I recently paid for a deep move-out cleaning. It was $150 an HOUR in Spokane, WA. You definitely didn't charge enough. 😅
Holy Moly that is so awesome. We are on a debt-free journey and are at a halt due to no overtime. But we have been very blessed to get overtime all year and do well with it. I just Subscribed and will be sticking around.
I'm so glad we bought our house back in 2015 as our house has doubled in value now, which is crazy, so quickly. Best of all we will have it paid off in the next 12-18 months so the increase in interst rates doesn't worry us as our mortgage is so very low now. It's a relief to know we are pretty much mortgage free and don't have any other debts and live a great life without all the unnecessary stuff we don't need, want or value. We're very mindful about what we buy as I've been decluttering the last year or so. Selling you're unnecessary stuff is a great side income too.
We have a small house on acreage, we want to add on eventually but I also kind of just want to pay off our loan first before we add on 😆
We paid off all of our consumer debt in 18 months, started January 2020. We’re a young family, two toddlers and a single income, it is SO much less stressful having no payments besides our small mortgage! If we really hammered down on it, we could pay it off before turn 30 🤯 if we never paid an extra payment it would be paid off in my 40s
As a couple who is in their early thirties, pay it off sooner! What a blessing that would be for your family to not have a mortgage payment in your 30’s! 🎉
I can’t imagine how much less stress we’d have right now if it were paid off.